Fastenal Company (NASDAQ:FAST) Given Price Target Of $44.5


As per Fastenal Company (NASDAQ:FAST)’s news release on 2016-07-12, its shareholders will get cash dividend of $0.3 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-26 and 2016-08-23, respectively.

The stock will commence trading ex-dividend from 2016-07-22, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Fastenal Company (NASDAQ:FAST) disbursed $0.3 in dividend compared to distribution of $0.3, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 12%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Fastenal Company (NASDAQ:FAST) to attain a price target of $44.5. It is an average estimate figure given by 6 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $51. The low price range is set at $36 for next year while the arithmetic mean is seen at 3.14.

Eyeing Earnings Fastenal Company (NASDAQ:FAST) is likely to post quarterly numbers around 2016-10-11 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.46 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Fastenal Company (NASDAQ:FAST) earnings came at $0.45 suggesting a deviation of $-0.03. The brokerages targeted EPS of $0.48 for the quarter.

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