Fastenal Analysts Boost Their Forecasts After Upbeat Earnings

Fastenal CompanyFASTreported better-than-expected second-quarter earningson 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.Trending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100.Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get StartedStephens & 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 TuesdayPhoto via ShutterstockLoading...Loading...FASTFastenal Co$44.86-0.47%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum83.63Growth75.49Quality48.07Value24.42Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .EarningsAnalyst RatingsOptionsDividendsIPOsDate▲▼ticker▲▼name▲▼Actual EPS▲▼EPS Surprise▲▼Actual Rev▲▼Rev Surprise▲▼Click to see moreEarningsupdatesEarnings CalendarNever Miss Important CatalystsSort by estimates, projected upside, profit surprises, and more to easily find new stocks to invest in or check up on your portfolio.Click to JoinPosted In:EarningsNewsPrice TargetMarketsAnalyst RatingsTrading IdeasPT Changes