FastenalNASDAQ: FAST

Fastenal's FAST stock has risen over 250% since 2016, thanks to an increase in customers, more Onsite locations, better service, and improved business performance. This upward trend in stock prices may keep going as these factors continue to produce positive results.

Examine how Fastenal's (FAST) international revenue has been performing and its impact on financial analysts' forecasts on Wall Street, as well as the future outlook for the stock.

Fastenal announced Q3 earnings that exceeded expectations, leading to a 10% increase in its stock price. Since it started, the company has seen a return of over 51,000%, which is nearly a 20% compound annual growth rate. Earlier this year, Fastenal became a dividend champion, but investors should keep an eye on the increasing payout ratio.

Fastenal's stock, listed on NASDAQ as FAST, has risen over 250% since 2016, thanks to an increase in customers, more Onsite locations, better service, and improved business performance. This upward trend in stock prices may keep going as these factors continue to produce positive results.

On Friday, Fastenal (FAST) had the highest share gains in the S&P 500 after the company, which produces fasteners and other industrial products, announced a rise in revenue despite sales being affected by Hurricane Helene.

Fastenal Company (NASDAQ:FAST) held its Q3 2024 Earnings Call on October 11, 2024, at 10:00 AM ET. The call featured company representatives including Taylor Ranta, the Accounting Manager, Dan Florness, the CEO, and Holden Lewis, the CFO. Participants from various financial institutions were also present, and the operator announced that everyone was in listen-only mode.

FAST's results for the third quarter of 2024 show a rise in unit sales, mainly due to growth with bigger clients. However, this was balanced out by a less favorable mix of customers and products.

Fastenal (FAST) reported quarterly earnings of $0.52 per share, matching the Zacks Consensus Estimate. This is the same as the earnings of $0.52 per share from the previous year.

Being the first industrial company to share its earnings, its results might show how strong the economy is.