Wall Street analysts expect that Tractor Supply (NASDAQ:TSCO) will announce earnings per share (EPS) of $1.33 for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Tractor Supply’s earnings, with the highest EPS estimate coming in at $1.41 and the lowest estimate coming in at $1.25. Tractor Supply posted earnings per share of $1.04 during the same quarter last year, which indicates a positive year-over-year growth rate of 27.9%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, October 22nd.
On average, analysts expect that Tractor Supply will report full-year earnings of $6.29 per share for the current fiscal year, with EPS estimates ranging from $6.05 to $6.45. For the next financial year, analysts anticipate that the business will report earnings of $6.29 per share, with EPS estimates ranging from $5.83 to $7.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $2.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.28. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.01 billion. Tractor Supply had a net margin of 7.40% and a return on equity of 45.25%. The company’s revenue was up 34.9% on a year-over-year basis. During the same quarter last year, the business posted $1.80 earnings per share.
TSCO has been the topic of several research analyst reports. Bank of America restated a “buy” rating on shares of Tractor Supply in a report on Friday, July 24th. Robert W. Baird increased their price objective on shares of Tractor Supply from $130.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Loop Capital boosted their target price on shares of Tractor Supply from $120.00 to $150.00 in a research note on Friday, July 24th. Guggenheim upped their target price on shares of Tractor Supply from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Royal Bank of Canada lifted their price target on shares of Tractor Supply from $138.00 to $162.00 in a research report on Friday, July 24th. Twenty research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $133.31.
TSCO stock traded down $1.43 during midday trading on Monday, reaching $140.62. 923,743 shares of the company’s stock traded hands, compared to its average volume of 1,546,865. The company has a 50-day simple moving average of $144.47 and a two-hundred day simple moving average of $122.23. The company has a quick ratio of 0.62, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Tractor Supply has a 1-year low of $63.89 and a 1-year high of $155.56. The company has a market cap of $16.34 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 1.90 and a beta of 1.01.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were issued a dividend of $0.40 per share. This is an increase from Tractor Supply’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Friday, August 21st. Tractor Supply’s dividend payout ratio (DPR) is 34.19%.
In other news, EVP Benjamin F. Parrish, Jr. sold 120,619 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $148.10, for a total value of $17,863,673.90. Following the sale, the executive vice president now directly owns 67,262 shares in the company, valued at $9,961,502.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Edna Morris sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $144.46, for a total value of $722,300.00. Following the transaction, the director now directly owns 4,676 shares of the company’s stock, valued at $675,494.96. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
A number of institutional investors have recently made changes to their positions in TSCO. Woodstock Corp increased its stake in Tractor Supply by 16.0% in the 3rd quarter. Woodstock Corp now owns 29,488 shares of the specialty retailer’s stock worth $4,227,000 after purchasing an additional 4,062 shares during the period. Demars Financial Group LLC bought a new position in shares of Tractor Supply in the second quarter worth approximately $71,000. FinTrust Capital Advisors LLC increased its stake in shares of Tractor Supply by 302.4% in the second quarter. FinTrust Capital Advisors LLC now owns 680 shares of the specialty retailer’s stock worth $90,000 after buying an additional 511 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Tractor Supply by 14.1% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 145,194 shares of the specialty retailer’s stock valued at $19,134,000 after buying an additional 17,978 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Tractor Supply by 38.7% during the 2nd quarter. Principal Financial Group Inc. now owns 283,080 shares of the specialty retailer’s stock valued at $37,307,000 after buying an additional 79,055 shares during the period. 84.91% of the stock is currently owned by institutional investors and hedge funds.
About Tractor Supply
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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