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Stock Update (NASDAQ:FAST): Fastenal Company Announces Conference Call to Review 2016 Second Quarter Earnings

[GlobeNewswire] – WINONA, Minn., June 27, 2016– Fastenal Company announced the date and time for their conference call to review 2016 second quarter results, as well as current operations. The conference call will be broadcast … Read more on this. Fastenal Company (FAST) , with a current value of $12.34B, opened at $43.27. A quick look at the market, the company’s stock traded between $42.18 and $43.41 with the price of the stock fluctuating between $34.45 to $49.99 over the last 52 weeks. FAST shares are currently priced at 24.04x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.83x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.20 per share annually in dividends, yielding 2.74%. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $0.48 per share, which would be $0.00 worse than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.82, which would be a $0.05 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.02 Billion. If realized, that would be a 2.22% increase over the year-ago quarter. Recently, Stifel downgraded FAST from Buy to Hold (Apr 1, 2016). Previously, Sterne Agee CRT Initiated FAST at to Neutral. When considering if the stock is under or overvalued, the average price target is $45.29, which is 4.67% above where the stock opened this morning. See more in (NASDAQ:FAST) Similar Articles: Market Update: Fastenal Company (NASDAQ:FAST) – Fastenal Company Reports 2016 First Quarter Earnings Stock Update: Fastenal Company (NASDAQ:FAST) – Fastenal Company Announces Conference Call to Review 2016 First Quarter Earnings Stock Update (NASDAQ:FAST): Fastenal Company Announces Conference Call to Review 2015 Annual and Fourth Quarter Earnings
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