Fastenal Company Reports 2016 Third Quarter Earnings

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Go back to Fastenal Company Reports 2016 Third Quarter Earnings

BMO Capital Cuts Price Target on Fastenal (FAST) Following 3Q Report

October 12, 2016 8:44 AM EDT

BMO Capital maintained a Market Perform rating on Fastenal (NASDAQ: FAST), and cut the price target to $45.00 (from $47.00), following the company's 3Q earnings report. EPS was down 7% to $0.44, a penny below expectations.

Analyst Scott Graham commented, "3Q16 EPS declined 7%, which was a bit... More