Fastenal Company (NASDAQ:FAST) is reporting second quarter financial results on Tuesday 14th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, FAST is expected to report 2Q20 income of $ 0.36 per share from revenue of $ 1465.59 million.
For the full year, analysts anticipate top line of $ 5542.40 million, while looking forward to income of $ 1.37 per share bottom line.
Previous Quarter Performance
Fastenal Company outlined income for the first quarter of $ 0.35 per share, from the net sales of $ 1,367.00 million. The quarterly earnings extended 2.94 percent while revenues hiked 4.41 percent compared with the same quarter last year.
Street analysts expected Fastenal Company to report income of $ 0.34 per share on revenue of $ 1355.60 million for the first quarter. The bottom line results topped street analysts by $ 0.01 or 2.94 percent, at the same time, top line results outshined analysts by $ 11.40 million or 0.84 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of FAST was $ 43.38, representing a 62.35 % increase from the 52 week low of $ 26.72 and a 3.15 % decrease over the 52 week high of $ 44.79.
The company has a market capital of $ 24.85 billion and is part of the Industrials sector and Industrial Distribution industry.
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Recent Stock Dividend Announcement
On April 13, 2020, the board of directors authorized quarterly dividend of $ 0.25 per share to holders of record as of the close of business on April 28, 2020, with payment date of May 26, 2020 and ex-dividend date on April 27, 2020.
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies under the Fastenal name. The companys fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.
