Equities research analysts expect Tractor Supply (NASDAQ:TSCO) to report $1.68 billion in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Tractor Supply’s earnings. The highest sales estimate is $1.72 billion and the lowest is $1.56 billion. Tractor Supply reported sales of $1.56 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, April 25th.
On average, analysts expect that Tractor Supply will report full-year sales of $1.68 billion for the current year, with estimates ranging from $7.26 billion to $7.76 billion. For the next financial year, analysts forecast that the company will post sales of $8.17 billion per share, with estimates ranging from $8.09 billion to $8.24 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the business earned $0.94 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis.
Several analysts recently weighed in on the company. Wedbush set a $69.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Wednesday. Loop Capital cut their price target on Tractor Supply to $68.00 and set a “hold” rating on the stock in a research note on Wednesday. UBS Group cut their price target on Tractor Supply from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday. Stephens set a $79.00 price target on Tractor Supply and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada upped their price target on Tractor Supply to $74.00 and gave the stock a “sector perform” rating in a research note on Monday, January 29th. One equities 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 assigned a strong buy rating to the company’s stock. Tractor Supply has a consensus rating of “Hold” and an average price target of $73.35.
Shares of Tractor Supply (TSCO) opened at $66.30 on Thursday. 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 firm has a market capitalization of $8,320.00, a P/E ratio of 19.79, a P/E/G ratio of 1.24 and a beta of 1.17. Tractor Supply has a 52 week low of $49.87 and a 52 week high of $82.68.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $1.08 annualized dividend and a yield of 1.63%. Tractor Supply’s dividend payout ratio is 32.24%.
In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the 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 filing with the SEC, which is available through this link. Also, Director Edna Morris sold 1,054 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $67.07, for a total value of $70,691.78. Following the sale, the director now owns 10,949 shares in the company, valued at $734,349.43. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSCO. Janus Henderson Group PLC lifted its holdings in shares of Tractor Supply by 138.6% during the 3rd quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock valued at $322,558,000 after buying an additional 2,960,119 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in shares of Tractor Supply during the 4th quarter valued at $139,359,000. Alyeska Investment Group L.P. bought a new position in shares of Tractor Supply during the 3rd quarter valued at $31,338,000. CWM LLC lifted its holdings in shares of Tractor Supply by 106,641.1% during the 4th quarter. CWM LLC now owns 480,335 shares of the specialty retailer’s stock valued at $35,905,000 after buying an additional 479,885 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Tractor Supply by 180.8% during the 4th quarter. Alliancebernstein L.P. now owns 680,823 shares of the specialty retailer’s stock valued at $50,892,000 after buying an additional 438,384 shares during the period. 87.83% of the stock is currently owned by hedge funds and other institutional investors.
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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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