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NAS:FAST, Jul 17, 07:20 UTC

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Friday, July 12


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Jul 12, 2019 - Capital Investment Services of America, Inc. Buys iShares Short-Term Corporate Bond ETF, Amazon.com Inc, Fastenal Co, Sells 3M Co

FAST CI +2 more FAST CI AMZN MMM

Capital Investment Services of America, Inc. Buys iShares Short-Term Corporate Bond ETF, Amazon.com Inc, Fastenal Co, Sells 3M Co. Milwaukee, WI, based Investment company Capital Investment Services of America, Inc. (current portfolio) buys iShares Short-Term Corporate Bond ETF, Amazon.com Inc, Fastenal Co, iShares 3-7 Year Treasury Bond ETF, sells 3M Co during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Capital Investment Services of America, Inc.. As of 2019Q2, Capital Investment Services of America, Inc. owns 67 stocks with a total value of $679 million. Microsoft Corp (MSFT) - 191,475 shares, 3.78% of the total portfolio. Fiserv Inc (FISV) - 261,960 shares, 3.52% of the total portfolio. Ecolab Inc (ECL) - 115,501 shares, 3.36% of the total portfolio.

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Thursday, July 11


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Fastenal Company Earnings: FAST Stock Falls on Q2 Miss

FAST

Fastenal Company (NASDAQ:FAST) reported its quarterly earnings results on Thursday, bringing in a profit and sales that were below what analysts called for, which sent the company’s stock declining more than 2% today. The Winona, Minn.-based industrial supply business said that for its second quarter of its fiscal year, it amassed earnings of 36 cents per share, which was below its profit of 37 cents per share from the same period a year ago. Fastenal Company’s revenue for the period tallied up to $1.37 billion, which missed the Wall Street consensus estimate of $1.38 billion. It is also worth noting that the organization’s sales growth was underwhelming, as it came in at 7.9% when compared to the year-ago quarter–this is the first three-month period in which sales have failed to gain at least 10% year-over-year in nine such periods.

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CVS, Delta Air Lines rise; Fastenal, Grubhub fall

FAST DAL +1 more FAST DAL DTRUMP

The White House withdrew a plan that would have allowed patients to receive rebates that drugmakers now pay to insurers and distributors. The airline reported record revenue and a big increase in profits as it benefited from strong demand for air travel. The New York Post reported that New York State regulators could restrict the fees that food-ordering companies can charge. The semiconductor maker said it now expects its second-quarter results to come in below its previous forecasts because of weak demand.

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Fastenal Books Fast Growth, but Sees Bumpy Conditions Ahead

FAST

Fastenal Books Fast Growth, but Sees Bumpy Conditions Ahead. Asit Sharma, The Motley FoolMotley FoolJuly 11, 2019, 3:31 PM UTC. Fastenal (NASDAQ: FAST) unveiled relatively healthy second-quarter 2019 earnings on Thursday before the markets opened for trading. However, while the wholesale industrial and construction supplies distributor continued the fast top-line growth it recorded in the first quarter, it was circumspect about the effect of macroeconomic activity on results going forward, and also warned of margin pressure in the coming quarters. Management attributed top-line growth to industrial vending, Onsite locations (the company's dedicated inventory management program at customer sites), and construction supplies sales. Looking forward, Fastenal's year-to-date sales growth of 9.1% and steady progress in on-premise installations are somewhat overshadowed by sales and margin uncertainty. As noted above, management is wary of the pace of economic activity in the back half of the year.

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Fastenal's stock drops toward 3-year low after profit and revenue miss, raised prices fail to offset inflation

FAST

Shares of Fastenal Co. dropped 4.6% toward a more than 3-year low, after the industrial and construction supplies distributor reported second-quarter earnings and revenue that missed expectations. Net earnings fell to $204.6 million, or 36 cents a share, from $211.2 million, or 37 cents a share, in the year-ago period, below analyst consensus expectations of 37 cents a share, according to FactSet. Sales rose 7.9% to $1.37 billion, just shy of the FactSet consensus of $1.38 billion. The stock, which is on track for the lowest close since March 2016, has slumped 13% over the past three months, while the SPDR Industrial Select Sector ETF has edged up 0.4% and the S&P 500 has gained 3.7%.

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Fastenal (FAST) Stock Down on Q2 Earnings and Sales Miss

FAST

Fastenal (FAST) Stock Down on Q2 Earnings and Sales Miss. Fastenal Company’s FAST shares dropped 5.1% following second-quarter 2019 earnings release, wherein the top and bottom lines missed the respective Zacks Consensus Estimate, thanks to slower activity levels in the quarter.Earnings & Sales DetailFastenal reported earnings of 36 cents per share in the quarter, missing the consensus mark by a penny. Higher underlying market demand than second-quarter 2018 also contributed to the growth.The company’s daily sales growth was recorded at 7.9%, lower than 12.2% and 13.1% increase in first-quarter 2019 and the prior-year quarter, respectively, as end-market activity slowed down in the quarter.On a monthly basis, daily sales improved 7% in June, 9.5% in May and 12.5% in April compared with 13.5%, 12.5% and 13.4%, respectively, in the prior-year months.Daily sales of Fastener products (mainly used for industrial production and accounting for approximately 34.5% of first-quarter sales) rose 5.5% year over year. Long-term debt at the end of the quarter was $497 million, flat with 2018-end figure.Company ViewsFastenal, which currently carries a Zacks Rank #3 (Hold), shares spaces with Builders FirstSource, Inc. BLDR, Tecnoglass Inc. TGLS and BMC Stock Holdings, Inc. BMCH in the Zacks Building Products – Retail industry.

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Baystreet.ca - Fastenal Slides on Most Recent Numbers

FAST

The Winona, Minn.-based Fastenal, a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter ended June 30, 2019. Fastenal's installed device count on June 30, 2019 was 85,871, an increase of 12.9% over June 30, 2018. Daily sales through our vending devices grew at a low-teens pace in the second quarter of 2019 over the second quarter of 2018 due to the increase in the installed base. The company also signed 51 new national account contracts (defined as new customer accounts with a multi-site contract) in the second quarter of 2019, and revenues attributable to national account customers represented 53.3% of total revenues in the period.

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Stocks making the biggest moves premarket: Delta Air Lines, Snap, Comerica, Fastenal & more

FAST DAL

Stocks making the biggest moves premarket: Delta Air Lines, Snap, Comerica, Fastenal & more. Amazon — Amazon unveiled plans to retrain 100,000 of its U.S. workers — or a third of its overall workforce — by 2025 to help them move to more advanced jobs or find new careers. Comerica — The bank's stock fell 2% after Bank of America/Merrill Lynch downgraded it to "underperform" from "buy" and slashed its price target to $71 per share from $85 a share. The analyst said the company's subscriber trends have "stabilized," adding: "We believe investors are beginning to look past the expected ~50% earnings decline this year and instead focus on the potential growth opportunity in 2020."

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Fastenal Falls After Q2 Earnings Miss

FAST

Fastenal (NASDAQ: FAST) reported second-quarter earnings of 36 cents per share, which missed the analyst consensus estimate of 37 cents. This is a 48.57% decrease over earnings of 7 cents per share from the same period last year. The company reported quarterly sales of $1.368 billion, which missed the analyst consensus estimate of $1.38 billion. Fastenal explained the most significant factors behind the decline in gross profit percentage in the period were the impacts of customer and product mix and net inflation on product margins, the latter had a larger negative impact on margin than in the first quarter.

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Fastenal Company Reports 2019 Second Quarter Earnings

FAST

Fastenal Company (FAST), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter ended June 30, 2019. Share and per share information in this release, and in the financial statements attached to this release, has been adjusted to reflect the two-for-one stock split effective at the close of business on May 22, 2019. The most significant factors behind the decline in our gross profit percentage in the period were the impacts of customer and product mix and net inflation on product margins, the latter of which had a larger negative impact on our margin than in the first quarter of 2019. While we successfully raised prices as one element of our strategy to offset tariffs placed to date on products sourced from China, those increases were not sufficient to also counter general inflation in the marketplace. We continue to expect our net capital expenditures in 2019 to be within a range of $195.0 to $225.0, growth from 2018 of between $28.2 and $58.2, and 16.9% and 34.9%.

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