Post-Earnings Research Coverage - Fastenal Co.

LONDON, October 14, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings research coverage on Fastenal Company (NASDAQ: FAST). On October 10, 2014, the company reported its financial results for Q3 FY14 (period ended September 30, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on Fastenal. During Q3 FY14, Fatenal Co.'s net sales and net earnings grew 14.3% and 11.7%, respectively on a Y-o-Y basis and diluted EPS increased $0.05 from the preceding year quarter. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview 

During Q3 FY14, Fastenal Co. reported net sales of $980.81 million, compared to $858.42 million in the same period last year. The company reported that the increase in net sales in the periods 2014 and 2013 came primarily from higher unit sales. However, the company's net sales during the reported quarter slightly came below Bloomberg analysts' forecast of $981.33 million. The company's gross profit margin in Q3 FY14 stood at 50.8%, as compared to 51.7% in the year ago quarter. The free research on FAST can be downloaded as in PDF format at:

www.Investor-Edge.com/FASTFreeReport

The company reported that its operating and administrative expenses as a % of sales were 29.2% in Q3 FY14, which is lower from 29.7% in the corresponding period last year. The company's operating and administrative expenses for Q3 FY14 were $286.13 million, compared to $254.95 in Q3 FY13. Fastenal Co.'s operating income during Q3 FY14 increased to $212.87 million from $188.55 in the prior year quarter. The company's net income broadened to $133.31, or $0.45 per diluted share, in Q3 FY14 from $119.35, or $0.40 per diluted share in Q3 FY13. Analysts from Bloomberg had expected the company to report net income of $133.14 million, or $0.45 per share in Q3 FY14.

Fastenal Co. announced in its earnings press release that continuous addition of customers and increased activity with each customer, are the main growth drivers of the Company. The company also believes that its growth is enhanced by its close proximity to its customers, which allows it to provide a range of product and services availability that its competitors can't match easily. Sign up and read the free analyst's notes on FAST at:

www.Investor-Edge.com/FAST-14102014

On October 09, 2014, the company declared its fourth quarter dividend of $0.25 per share, which is payable on November 21, 2014 to shareholders of record at the close of business on October 24, 2014.

During the Q3 2014, Fastenal Co. purchased 400,000 shares of its common stock at an average price of approximately $44.62 per share. The company currently has the authority to purchase up to an additional 1,000,000 shares of its common stock.

Stock Performance 

On the day of the earnings release, October 10, 2014, Fastenal Co.'s stock declined 4.83% and ended the session at $42.54, and on the last close, Monday, October 13, 2014; it finished at $41.25, further losing 3.03% from its previous day's closing price. The stock vacillated between $41.15 and $42.57 during the session. A total of 3.03 million shares were traded, which was above its three months average volume of 2.04 million shares. Over the previous three trading sessions and last one month, the company's shares have fallen by 9.97% and 9.93%, respectively. Also, the stock has lost 13.18% from the beginning of 2014. Shares in Fastenal Co. are trading below their 50-day and 200-day moving averages of $45.28 and $47.23, respectively. Furthermore, the stock traded at a PE ratio of 25.86 and has a Relative Strength Index (RSI) of 33.95. Visit Investor-Edge and access the latest research on FAST at:

www.Investor-Edge.com/FASTEarningsCoverage

Sneak Peek to Corporate Insider Trading  

In the last one month Fastenal Co. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on FAST is available at:

www.Investor-Edge.com/FASTInsiderTrading

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EDITOR'S NOTES:

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