What’s Fastenal Company (FAST)’s Price to Earnings Ratio?

Fastenal Company (NASDAQ:FAST) saw a downside of -0.93% to close Monday at $52.23 after subtracting -$0.49 on the day. The 5-day average trading volume is 3,481,980 shares of the company’s common stock. It has gained $53.42 in the past week. An average of 2,902,040 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,566,902.

FAST’s 1-month performance is -2.52% or -$1.35 on its low of $50.70 reached on 10/06/21. The company’s shares have touched a 52-week low of $42.23 and high of $56.39, with the stock’s rally to the 52-week high happening on 08/30/21. YTD, FAST has achieved 6.96% or $3.40. However, the current price is down -7.38%% from the 52-week high price.

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Insider Transactions

On Aug 31, 42 days have gone by since the last insider trading activity for Fastenal Company (FAST). WISECUP REYNE K (Senior Executive VP) most recently sold 21,428 shares at $56.02 per share on Aug 31. This transaction cost the insider $1,200,371. Director, LUNDQUIST NICHOLAS J, sold 32,980 shares at a price of $56.10 on Aug 30. Then, on Aug 23, Executive Vice-President Watts Jeffery Michael sold 21,434 shares at a price of $55.77 per share. This transaction amounted to $1,195,430.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 37.23 and a low of 19.01. FAST stock has a beta of 1.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.27 while the price-to-book (PB) in the most recent quarter is 10.43, with the price to cash flow ratio at 412.91.

Fastenal Company pays an annual dividend of $1.12 per share. Its dividend yield is 2.14% and the payout ratio is 70.10%. FAST paid $0.28 a share compared with prior rate of $0.28, down 0.0% from last year’s. The company has boosted its dividend for the last 7 consecutive years with the latest dividend decrease of $0.12 reported on Thursday January 21 2021. Measured over the last 3 years, the Dividend has been growing by 56.25% yearly.

It is projected that Fastenal Company’s next ex-dividend date will be on 25-Oct-2021. FAST is expected to distribute $0.28 as its next dividend.

Fastenal Company’s quick ratio for the period ended June 29 was 2.10, with the current ratio over the same period at 4.20 meaning that FAST stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.13, while the total debt to equity was 0.14. In terms of profitability, the gross margin trailing 12 months is 45.70%. The trailing 12-month EBITDA margin is 23.07% while for the period ending June 29; Fastenal Company’s operating margin was 20.20%. The firm’s gross profit as reported stood at $2.57 billion against revenue of $5.65 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FAST to announce $0.41 per share in earnings in its latest quarter, but it posted $0.42, representing a 2.40% surprise. EBITDA for the quarter stood at more than $360.1 million. FAST stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.29 billion, with total debt at $667.4 million. Shareholders hold equity totaling $574.74 million

Technical Picture

Let’s look briefly at Fastenal Company (FAST) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 43.28% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.44%.

The stock’s 5-day moving average is $52.27, reflecting a +1.81% or $0.93 change from its current price. FAST is currently trading -2.15% above its 20-day SMA, +0.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -4.64% and +6.40% respectively.

Stochastic %K and %D was 52.01% and 46.66% and the average true range (ATR) pointed at 1.12. The RSI (14) points at 42.58%, while the 14-day stochastic is at 42.86% with the period’s ATR at 1.05. The stock’s 9-day MACD Oscillator is pointing at 0.47 and -0.06 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Fastenal Company (NASDAQ: FAST), Wells Fargo downgraded it to an Underweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for FAST stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate FAST as a “sell,”, while 8 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.

What is FAST’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $45.00 and a high of $65.00, with their median price target at $50.00. Looking at these predictions, the average price target given by analysts is for Fastenal Company (FAST) stock is $51.70.


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