Fastenal Co (FAST) is bracing itself to report its Q4 earnings amid recent forecast changes from Wall Street's top analysts. In Q4 2024, despite resilient sales growth, there was increased margin pressure. Further, it experienced strong trading volume after dividend announcements. Nevertheless, 2024 EPS fell short of expectations while Q4 revenue of $1824.5 million was below estimated figures. Despite boosting its quarterly dividend by 10.3% to $0.43, marking strong payout growth, Fastenal's Q4 earnings failed to meet the estimate of $0.46. The report indicates the acquisition of Fastenal shares by companies such as Merit Financial Group LLC, Avanza Fonder AB, and Oak Thistle LLC among others. Despite this, Fastenal shares slumped after disappointing Q4 results and missed sales targets. Wolfe Research has raised Fastenal's price target to $76.00. Some of the main recommendations by brokerages include a consensus 'hold'. A strategic SWOT insight for Fastenal Co reveals mixed results in Q3 2024 earnings, with notable increases in sales. It also announced changes in the Board and the resignation of CFO. Fastenal Company's valuation, however, is considered to be steep.
Fastenal Co FAST News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Sat, 18 Jan 2025 21:02:50 GMT -
Rating -7
- Innovation 3
- Information 6
- Rumor -3
