Fastenal Company (FAST) on April 12, 2016 reported the results of the quarter ended March 31, 2016. Except for per share information, or as otherwise noted below, dollar amounts are stated in thousands.
BUSINESS UPDATE
Fastenal is a growth focused organization and we constantly strive to make investments into the growth drivers of our business. These investments typically center on people. By adding more people we add to our ability to interact with and to serve our customers from our local store and to back them up in some type of support role. In recent years this investment has also centered on more industrial vending devices to serve our customers’ needs on a 24 hours a day, 7 days a week basis.
The table below summarizes our store employee count and our total employee count at the end of the periods presented. This is intended to demonstrate the change in energy (or capacity). Later in this document we discuss the average full-time equivalent employee count to help explain the expense trends in more detail. The final two items below summarize our investments in industrial vending machines and in store locations.
Fastenal Company earnings per share showed an increasing trend of 6.4% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 197%.Analysts project EPS growth over the next 5 years at 11.3%. It has EPS annual growth over the past 5 fiscal years of 14.5% when sales grew 11.3. It reported 3.5% sales growth, and 1.3% EPS growth in the last quarter.
The stock is trading at $46.03, up 36.56% from 52-week low of $34.45. The stock trades down -7.31% from its peak of $49.99 and -0.87% below the consensus price target of $45.63. Its volume clocked up at 2.58 million shares which is lower than the average volume of 2.74 million shares. Its market capitalization currently stands at $13.29B.
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