Fastenal Co
FAST: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$12.00 | Rwqs | Jxjmxnptc |
Fastenal Earnings: End Markets Remain Muted but We Still Think Long-Term Growth Is Intact
Fastenal reported first-quarter earnings largely in line with our expectations, leading us to maintain our $50 fair value estimate. The time value of money would’ve added $1 to our fair value estimate, but this was offset by us lowering our 2024 sales estimate.