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The Investment Committee previews this week's market earnings. Don't miss their expert analysis!
Get a deeper insight into the potential performance of Fastenal (FAST) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Fastenal Company FAST will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 17, 2025.
WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us') announced the date and time for its conference call to review 2024 annual and fourth quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Friday, January 17, 2025 at 9:00 a.m. central time. To access the call, please visit the following Web address: https://investor.fastenal.com/events.cfm Our.
Dividend Aristocrats are stocks on the S&P 500 that have raised their dividends every year for 25 years or more.
Fastenal has a robust dividend growth history, increasing dividends for 25 consecutive years, and a strong long-term track record of revenue and earnings growth. Shares are currently overvalued, trading at nearly 36 times 2024 earnings estimates, above the historical average, posing a risk to strong returns. I rate Fastenal as a hold, awaiting a valuation closer to my target range of 28 to 30 times earnings for a more attractive entry point.
FAST's average daily sales increase year over year, backed by strong trends across the total Manufacturing end market.
Scott Bessent's predictions for a Trump presidency suggest economic growth, driven by tariffs as a threat, energy expansion, and manufacturing revival. Trump's second term may focus on broad economic growth, addressing inflation while boosting U.S. manufacturing, despite challenges like rising oil costs. I present several dividend picks I expect to perform well, as they come with income, dividend growth, secular tailwinds, and pricing power.
The Home Depot, Lowe's, Fastenal, Beacon Roofing Supply and Tecnoglass have been highlighted in this Industry Outlook article.
Technological investments, e-commerce growth and the recent interest rate cuts by the central bank are expected to strengthen the growth prospects of the Building Products - Retail industry. HD, LOW, FAST, BECN and TGLS appear well-positioned for growth.