Brokerages predict that Tractor Supply (NASDAQ:TSCO) will announce earnings of $0.58 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Tractor Supply’s earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.62. Tractor Supply posted earnings per share of $0.46 in the same quarter last year, which would indicate a positive year-over-year growth rate of 26.1%. The company is expected to issue its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Tractor Supply will report full year earnings of $4.06 per share for the current financial year, with EPS estimates ranging from $3.33 to $4.19. For the next financial year, analysts anticipate that the company will report earnings of $4.47 per share, with EPS estimates ranging from $4.28 to $4.61. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.04. Tractor Supply had a net margin of 5.82% and a return on equity of 30.81%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm posted $0.94 earnings per share. Tractor Supply’s revenue for the quarter was up 1.9% compared to the same quarter last year.
Several analysts have issued reports on the stock. TheStreet raised shares of Tractor Supply from a “c+” rating to a “b” rating in a research report on Wednesday, December 20th. Robert W. Baird reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Tractor Supply in a research report on Friday, November 10th. BidaskClub raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research raised shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Tuesday, December 26th. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Tractor Supply in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $72.85.
In related news, CMO Steve K. Barbarick sold 43,076 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Edna Morris sold 1,054 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total value of $70,691.78. Following the transaction, the director now owns 10,949 shares in the company, valued at $734,349.43. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in TSCO. Dimensional Fund Advisors LP lifted its stake in Tractor Supply by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 513,263 shares of the specialty retailer’s stock worth $27,821,000 after purchasing an additional 27,950 shares during the last quarter. Toronto Dominion Bank lifted its stake in Tractor Supply by 23.5% during the second quarter. Toronto Dominion Bank now owns 43,580 shares of the specialty retailer’s stock worth $2,362,000 after purchasing an additional 8,300 shares during the last quarter. Sentry Investment Management LLC lifted its stake in Tractor Supply by 3.1% during the second quarter. Sentry Investment Management LLC now owns 8,957 shares of the specialty retailer’s stock worth $486,000 after purchasing an additional 268 shares during the last quarter. Achmea Investment Management B.V. lifted its stake in Tractor Supply by 58.3% during the second quarter. Achmea Investment Management B.V. now owns 12,891 shares of the specialty retailer’s stock worth $697,000 after purchasing an additional 4,748 shares during the last quarter. Finally, Shell Asset Management Co. lifted its stake in Tractor Supply by 24.0% during the third quarter. Shell Asset Management Co. now owns 19,461 shares of the specialty retailer’s stock worth $1,197,000 after purchasing an additional 3,766 shares during the last quarter. Hedge funds and other institutional investors own 87.83% of the company’s stock.
Tractor Supply (TSCO) traded down $1.82 during midday trading on Tuesday, reaching $67.32. 1,911,500 shares of the company traded hands, compared to its average volume of 2,121,795. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $82.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.95 and a quick ratio of 0.24. The stock has a market capitalization of $8,470.00, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.24 and a beta of 1.17.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Friday, February 23rd. Tractor Supply’s payout ratio is currently 32.24%.
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About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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