Fastenal Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Group 1 - Fastenal Company is set to release its second-quarter earnings results on July 14, with analysts expecting earnings of 28 cents per share, an increase from 25 cents per share in the same period last year [1] - The projected quarterly revenue for Fastenal is $2.07 billion, compared to $1.92 billion a year earlier [1] - On April 23, Fastenal announced a two-for-one stock split [1] Group 2 - Fastenal shares experienced a decline of 0.4%, closing at $42.68 [2] - Benzinga provides access to the latest analyst ratings for Fastenal, allowing readers to sort by various criteria [2] Group 3 - Morgan Stanley analyst Chris Snyder maintained an Equal-Weight rating and raised the price target from $38 to $40 [4] - Stephens & Co. analyst Tommy Moll maintained an Equal-Weight rating and increased the price target from $75 to $80 [4] - Baird analyst David Manthey maintained a Neutral rating and raised the price target from $80 to $86 [4] - William Blair analyst Ryan Merkel upgraded the stock from Market Perform to Outperform [4] - Stifel analyst Brian Butler maintained a Hold rating and cut the price target from $86 to $82 [4]