Fastenal Analysts Boost Their Forecasts After Upbeat Earnings

Benzinga

Jul 15

Fastenal Company (NASDAQ:FAST) reported better-than-expected second-quarter earnings on Monday.

Fastenal reported quarterly earnings of 29 cents per share which beat the analyst consensus estimate of 28 cents per share. The company reported quarterly sales of $2.08 billion which beat the analyst consensus estimate of $2.07 billion.

Gross margin rose slightly to 45.3% of net sales, driven by modest price/cost benefits and improved fastener margins tied to product expansion and supplier programs. Operating income increased to 21% of sales, up from 20.2% in the second quarter of 2024.

For 2025, net capital outlays are expected to range from $250 million to $270 million, below earlier guidance but above 2024 levels. The increase reflects distribution center upgrades, delayed IT initiatives, and hardware deployments.

Fastenal shares gained 4.2% to close at $45.07 on Monday.

These analysts made changes to their price targets on Fastenal following earnings announcement.

Stephens & Co. analyst Tommy Moll maintained Fastenal with an Equal-Weight rating and raised the price target from $40 to $45.
Baird analyst David Manthey maintained the stock with a Neutral and raised the price target from $43 to $47.

Considering buying FAST stock? Here’s what analysts think:

Read This Next:

JPMorgan, Wells Fargo And 3 Stocks To Watch Heading Into Tuesday

Photo via Shutterstock

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2551160306"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2551160306\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2551160306?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-15 21:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2551160306","market":"hk","top_or_hot":-1,"title":"Fastenal Analysts Boost Their Forecasts After Upbeat Earnings","media":"Benzinga","content":"<html><body><p><strong><a href=\"https://laohu8.com/S/FAST\">Fastenal</a> Company</strong> (NASDAQ:FAST) reported better-than-expected second-quarter earnings on Monday.</p>\n<p>Fastenal reported quarterly earnings of 29 cents per share which beat the analyst consensus estimate of 28 cents per share. The company reported quarterly sales of $2.08 billion which beat the analyst consensus estimate of $2.07 billion.</p>\n<p>Gross margin rose slightly to 45.3% of net sales, driven by modest price/cost benefits and improved fastener margins tied to product expansion and supplier programs. Operating income increased to 21% of sales, up from 20.2% in the second quarter of 2024.</p>\n<p>For 2025, net capital outlays are expected to range from $250 million to $270 million, below earlier guidance but above 2024 levels. The increase reflects distribution center upgrades, delayed IT initiatives, and hardware deployments.</p>\n<p>Fastenal shares gained 4.2% to close at $45.07 on Monday.</p>\n<p>These analysts made changes to their price targets on Fastenal following earnings announcement.</p>\n<ul>\n<li>Stephens &amp; Co. analyst Tommy Moll maintained Fastenal with an Equal-Weight rating and raised the price target from $40 to $45.</li>\n<li>Baird analyst David Manthey maintained the stock with a Neutral and raised the price target from $43 to $47.</li>\n</ul>\n<p><strong>Considering buying FAST stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"602\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15092138/image-180-1024x602.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15092138/image-180-1024x602.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15092138/image-180-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15092138/image-180-768x451.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15092138/image-180.png 1116w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>JPMorgan, <a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a> And 3 Stocks To Watch Heading Into Tuesday</strong></li>\n</ul>\n<p>Photo via <a href=\"https://laohu8.com/S/SSTK\">Shutterstock</a></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fastenal Analysts Boost Their Forecasts After Upbeat Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFastenal Analysts Boost Their Forecasts After Upbeat Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2025-07-15 21:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong><a href=\"https://laohu8.com/S/FAST\">Fastenal</a> Company</strong> (NASDAQ:FAST) reported better-than-expected second-quarter earnings on Monday.</p>\n<p>Fastenal reported quarterly earnings of 29 cents per share which beat the analyst consensus estimate of 28 cents per share. The company reported quarterly sales of $2.08 billion which beat the analyst consensus estimate of $2.07 billion.</p>\n<p>Gross margin rose slightly to 45.3% of net sales, driven by modest price/cost benefits and improved fastener margins tied to product expansion and supplier programs. Operating income increased to 21% of sales, up from 20.2% in the second quarter of 2024.</p>\n<p>For 2025, net capital outlays are expected to range from $250 million to $270 million, below earlier guidance but above 2024 levels. The increase reflects distribution center upgrades, delayed IT initiatives, and hardware deployments.</p>\n<p>Fastenal shares gained 4.2% to close at $45.07 on Monday.</p>\n<p>These analysts made changes to their price targets on Fastenal following earnings announcement.</p>\n<ul>\n<li>Stephens &amp; Co. analyst Tommy Moll maintained Fastenal with an Equal-Weight rating and raised the price target from $40 to $45.</li>\n<li>Baird analyst David Manthey maintained the stock with a Neutral and raised the price target from $43 to $47.</li>\n</ul>\n<p><strong>Considering buying FAST stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"602\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15092138/image-180-1024x602.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15092138/image-180-1024x602.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15092138/image-180-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15092138/image-180-768x451.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15092138/image-180.png 1116w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>JPMorgan, <a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a> And 3 Stocks To Watch Heading Into Tuesday</strong></li>\n</ul>\n<p>Photo via <a href=\"https://laohu8.com/S/SSTK\">Shutterstock</a></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FAST","symbol_name":"快扣","start_time":0,"source_url":"https://www.benzinga.com/news/25/07/46415097/fastenal-analysts-boost-their-forecasts-after-upbeat-earnings","article_id":"2551160306","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2551160306","pubTimestamp":1752585783,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":" ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FAST":"快扣"},"translate_title":"Fastenal分析师在盈利乐观后上调预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FAST":1},"content_text":"Fastenal Company (NASDAQ:FAST) reported better-than-expected second-quarter earnings on Monday.\nFastenal reported quarterly earnings of 29 cents per share which beat the analyst consensus estimate of 28 cents per share. The company reported quarterly sales of $2.08 billion which beat the analyst consensus estimate of $2.07 billion.\nGross margin rose slightly to 45.3% of net sales, driven by modest price/cost benefits and improved fastener margins tied to product expansion and supplier programs. Operating income increased to 21% of sales, up from 20.2% in the second quarter of 2024.\nFor 2025, net capital outlays are expected to range from $250 million to $270 million, below earlier guidance but above 2024 levels. The increase reflects distribution center upgrades, delayed IT initiatives, and hardware deployments.\nFastenal shares gained 4.2% to close at $45.07 on Monday.\nThese analysts made changes to their price targets on Fastenal following earnings announcement.\n\nStephens & Co. analyst Tommy Moll maintained Fastenal with an Equal-Weight rating and raised the price target from $40 to $45.\nBaird analyst David Manthey maintained the stock with a Neutral and raised the price target from $43 to $47.\n\nConsidering buying FAST stock? Here’s what analysts think: \n\nRead This Next: \n\nJPMorgan, Wells Fargo And 3 Stocks To Watch Heading Into Tuesday\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}