Fastenal (FAST) Stock Higher Ahead of Q2 Earnings

Fastenal (FAST) stock is up on Monday afternoon ahead of the company’s 2016 second quarter results due out Tuesday morning.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of Fastenal (FAST) - Get Report are increasing 0.9% to $45.64 on Monday afternoon ahead of the company's 2016 second quarter results, due out before tomorrow's market open.

Wall Street is expecting the Winona, MN-based company to post earnings of 48 cents per share on revenue of $1.02 billion.

During the same period last year, Fastenal reported earnings of 48 cents per share on revenue of $997.83 million.

The company is a distributor of industrial and construction supplies.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B+ on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, notable return on equity and expanding profit margins.

The team believes its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: FAST

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