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Fastenal

$44.86

-0.93 (-2.03%)

10:20
10/11/17
10/11
10:20
10/11/17
10:20

Fastenal says on track for 275-300 Onsite signings in 2017

Says sales growth accelerated in Q3. Reports year-to-date sales growth at 10.1% Says investing in infrastructure but has continued to maintain operating expense leverage. Says operating cash flow at $162.6M was a record for any third quarter. Says signed 4,771 vending devices in Q3 and saw a lower rate of device removal. Says company feels good about top-line momentum entering Q4. Repurchased $25.9M in stock in Q3. Continues to expect capital spending at $127M for 2017. Comments taken from Q3 earnings conference call.

  • 11

    Oct

FAST Fastenal
$44.86

-0.93 (-2.03%)

07/13/17
RAJA
07/13/17
UPGRADE
RAJA
Strong Buy
Fastenal upgraded to Strong Buy from Outperform at Raymond James
07/13/17
RAJA
07/13/17
UPGRADE
Target $50
RAJA
Strong Buy
Fastenal upgraded to Strong Buy, selloff unwarranted, says Raymond James
As previously reported, Raymond James upgraded Fastenal (FAST) to Strong Buy from Outperform with a $50 price target. Analyst Sam Darkatsh thinks yesterday's selloff in Fastenal shares is entirely related to MSC Industrial's (MSM) gross margin commentary and is unwarranted. The analyst said Fastenal is showing signs that its business model, sales growth, margin profile, and returns on capital are highly defensible combined with a favorable pricing backdrop. Darkatsh expects topline growth to accelerate and views valuation as compelling.
07/13/17
07/13/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Snap (SNAP) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying Snap shares offer a "compelling risk/reward opportunity." 2. Progressive (PGR) upgraded to Strong Buy from Outperform at Raymond James with analyst Gregory Peters saying he believes Progressive will continue to grow net premiums written at a double digit pace through 2017 and is well positioned to benefit from emerging smartphone technology to monitor and price for distracting driving over the next 24 months. 3. Agilent (A) upgraded to Outperform from Market Perform at Wells Fargo. 4. Hain Celestial (HAIN) upgraded to Buy from Hold at Maxim with analyst Anthony Vendetti saying that its fiscal 2018 guidance implies a turnaround in its business while the company's reporting of its prior financials without any major restatements has removed an accounting overhang. 5. Fastenal (FAST) upgraded to Strong Buy from Outperform at Raymond James analyst Sam Darkatsh saying he thinks yesterday's selloff in Fastenal shares is entirely related to MSC Industrial's (MSM) gross margin commentary and is unwarranted. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/25/17
NRCS
07/25/17
INITIATION
Target $54
NRCS
Buy
Fastenal initiated with a Buy at Northcoast
Northcoast analyst Ryan Cieslak initiated Fastenal with a Buy and a $54 price target telling investors he expects near-term earnings to stand out among peers driven by self-help initiatives and outsized operating leverage, and said margins could trend more favorable in the second half and 2018 given easing freight costs, higher margin fastener sales, and incremental spot activity.

TODAY'S FREE FLY STORIES

03:40
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JNJ

Johnson & Johnson

$136.12

-0.31 (-0.23%)

, UNH

UnitedHealth

$193.20

0.68 (0.35%)

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Earnings
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Johnson & Johnson

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UNH

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GS

Goldman Sachs

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MS

Morgan Stanley

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CSX

CSX

$52.84

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PGR

Progressive

$48.98

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CMA

Comerica

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HOG

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SNV

Synovus

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TTS

Tile Shop

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MSBI

Midland States

$33.03

-0.07 (-0.21%)

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  • 27

    Oct

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MYL

Mylan

$38.18

0.23 (0.61%)

, AGN

Allergan

$198.41

-7.11 (-3.46%)

18:46
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Hot Stocks
Mylan CEO: 'Pleased' with court ruling on Allergan's Restasis patents »

Mylan (MYL) announced…

MYL

Mylan

$38.18

0.23 (0.61%)

AGN

Allergan

$198.41

-7.11 (-3.46%)

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NFLX

Netflix

$202.68

3.19 (1.60%)

18:44
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Hot Stocks
Netflix says seeing steady growth, great success for streaming »

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PCG

PG&E

$53.43

-4.29 (-7.43%)

18:42
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Hot Stocks
PG&E sees restoring service to all electric customers in CA affected by fires »

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CYTR

CytRx

$0.38

-0.0142 (-3.64%)

18:29
10/16/17
10/16
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Hot Stocks
CytRx granted listing extension pending results of stockholder vote »

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  • 17

    Oct

EADSY

Airbus

$22.75

-0.07 (-0.31%)

, BDRBF

Bombardier

$1.88

0.03 (1.62%)

18:27
10/16/17
10/16
18:27
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18:27
Hot Stocks
Airbus and Bombardier announce C Series partnership »

Airbus (EADSY) and…

EADSY

Airbus

$22.75

-0.07 (-0.31%)

BDRBF

Bombardier

$1.88

0.03 (1.62%)

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IMDZ

Immune Design

$10.10

-0.85 (-7.76%)

18:16
10/16/17
10/16
18:16
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Conference/Events
Immune Design to host conference call »

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PG

Procter & Gamble

$93.14

0.1 (0.11%)

18:15
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10/16
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Hot Stocks
Trian: P&G board election results 'too close to call' »

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  • 20

    Oct

AMZN

Amazon.com

$1,006.34

3.4 (0.34%)

18:14
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10/16
18:14
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Periodicals
NJ leaders offer up to $7B in tax incentives to lure Amazon to Newark, WSJ says »

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BDRBF

Bombardier

$1.88

0.03 (1.62%)

, EADSY

Airbus

$22.75

-0.07 (-0.31%)

18:09
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10/16
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18:09
Periodicals
Bombardier in talks with Airbus over CSeries jet unit JV, WSJ reports »

Bombardier (BDRBF) is in…

BDRBF

Bombardier

$1.88

0.03 (1.62%)

EADSY

Airbus

$22.75

-0.07 (-0.31%)

03/08/13
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IPXL

Impax

$19.95

-0.85 (-4.09%)

17:55
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10/16
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Hot Stocks
Impax jumps 6% in after-hours after WSJ says Amneal deal near »

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  • 09

    Nov

IPXL

Impax

$19.95

-0.85 (-4.09%)

17:51
10/16/17
10/16
17:51
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17:51
Periodicals
Impax and Amneal close to merger pact, WSJ says »

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  • 09

    Nov

AGII

Argo Group

$62.90

-0.25 (-0.40%)

17:36
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Hot Stocks
Argo Group provides preliminary Q3 loss estimate »

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FDEF

First Defiance Financial

$53.65

-0.25 (-0.46%)

17:34
10/16/17
10/16
17:34
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Earnings
First Defiance Financial reports Q3 EPS 92c, consensus 89c »

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  • 17

    Oct

BRO

Brown & Brown

$48.97

-0.42 (-0.85%)

17:33
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Earnings
Brown & Brown reports Q3 EPS 53c, consensus 50c »

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  • 17

    Oct

ORIG

Ocean Rig UDW

$26.18

0.51 (1.99%)

17:31
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Ocean Rig holder BlueMountain intends to recommend company hire advisers »

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NFLX

Netflix

$202.68

3.19 (1.60%)

, IMDZ

Immune Design

$10.10

-0.85 (-7.76%)

17:31
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Hot Stocks
On The Fly: After Hours Movers »

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NFLX

Netflix

$202.68

3.19 (1.60%)

IMDZ

Immune Design

$10.10

-0.85 (-7.76%)

SAVE

Spirit Airlines

$33.47

-0.33 (-0.98%)

UNH

UnitedHealth

$193.20

0.68 (0.35%)

BMI

Badger Meter

$50.80

-0.6 (-1.17%)

SONC

Sonic

$24.80

0.42 (1.72%)

ABEO

Abeona Therapeutics

$16.70

0.6 (3.73%)

VICL

Vical

$2.86

0.04 (1.42%)

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FDC

First Data

$18.01

0.39 (2.21%)

17:28
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Hot Stocks
First Data CAO sells 3,996 common shares »

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  • 22

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ROSG

Rosetta Genomics

$1.00

-0.0479 (-4.57%)

17:28
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10/16
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17:28
Syndicate
Breaking Syndicate news story on Rosetta Genomics »

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HRS

Harris

$135.90

-0.66 (-0.48%)

17:27
10/16/17
10/16
17:27
10/16/17
17:27
Hot Stocks
Harris awarded $100M government contract modification »

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