Fastenal (FAST) Stock Rising Today on Earnings Beat

NEW YORK (TheStreet) -- Shares of Fastenal Co. are higher by 2.67% to $41.09 in mid-morning trading on Tuesday, after the industrial and construction supplies wholesale distributor reported its 2015 first quarter earnings results, which improved-year-over-year. For the most recent quarter Fastenal said it earned 43 cents per share, compared to the 41 cents per share analysts were expecting. Fastenal said its 2014 first quarter earnings were 38 cents per share. Revenue for the latest quarter grew 8.8% to $953 million, but missed the $955.19 million analysts were expecting. "Our motto is 'Growth through Customer Service'... We believe in efficient markets - to us, this means we can grow our market share if we provide the greatest value to our customers. We believe our ability to grow is amplified if we can service our customers at the closest economic point of contact. For us, this 'closest economic point of contact' is the local store; therefore, our focus centers on understanding our customers' day, their opportunities, and their obstacles," the company said in a statement. Separately, TheStreet Ratings team rates FASTENAL CO as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation: "We rate FASTENAL CO (FAST) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. 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, notable return on equity, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself." You can view the full analysis from the report here: FAST Ratings Report FAST data by YCharts Must Read: Warren Buffett's Top 25 Stocks for 2015

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