Wall Street analysts forecast that Tractor Supply (NASDAQ:TSCO) will announce $1.39 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Tractor Supply’s earnings, with estimates ranging from $1.29 to $1.54. Tractor Supply reported earnings per share of $1.55 during the same quarter last year, which indicates a negative year-over-year growth rate of 10.3%. The business is scheduled to issue its next earnings report on Thursday, April 28th.
According to Zacks, analysts expect that Tractor Supply will report full year earnings of $9.15 per share for the current financial year, with EPS estimates ranging from $7.17 to $9.50. For the next fiscal year, analysts anticipate that the business will post earnings of $10.07 per share, with EPS estimates ranging from $8.03 to $10.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that provide coverage for Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, January 27th. The specialty retailer reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.08. Tractor Supply had a return on equity of 50.77% and a net margin of 7.83%. The firm had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter last year, the business posted $1.64 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year.
A number of brokerages have issued reports on TSCO. Robert W. Baird lifted their price target on Tractor Supply from $210.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, October 22nd. Loop Capital boosted their target price on Tractor Supply from $200.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, October 22nd. Morgan Stanley upped their price target on Tractor Supply from $215.00 to $235.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 18th. Credit Suisse Group increased their target price on Tractor Supply from $190.00 to $215.00 and gave the company a “neutral” rating in a report on Friday, October 22nd. Finally, Wells Fargo & Company increased their target price on Tractor Supply from $230.00 to $265.00 in a report on Wednesday, January 5th. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $226.33.
TSCO opened at $220.58 on Friday. Tractor Supply has a 12 month low of $148.43 and a 12 month high of $239.86. The stock has a market capitalization of $25.11 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.28 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.57 and a quick ratio of 0.51. The business has a fifty day moving average price of $225.54 and a 200 day moving average price of $211.84.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 8th. Investors of record on Monday, February 21st will be issued a $0.92 dividend. This is an increase from Tractor Supply’s previous quarterly dividend of $0.52. This represents a $3.68 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, February 17th. Tractor Supply’s dividend payout ratio is currently 24.13%.
In related news, EVP Colin Yankee sold 2,323 shares of the stock in a transaction on Thursday, February 3rd. The stock was sold at an average price of $219.42, for a total value of $509,712.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kurt D. Barton sold 4,822 shares of the firm’s stock in a transaction dated Tuesday, November 16th. The shares were sold at an average price of $225.00, for a total value of $1,084,950.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,804 shares of company stock valued at $3,043,927. 0.70% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in TSCO. Amundi acquired a new stake in shares of Tractor Supply during the second quarter valued at about $242,565,000. UBS Asset Management Americas Inc. Its stake grew in shares of Tractor Supply by 149.1% during the third quarter. UBS Asset Management Americas Inc. Now owns 2,113,836 shares of the specialty retailer’s stock valued at $428,284,000 after acquiring an additional 1,265,148 shares in the last quarter. 1832 Asset Management LP grew its stake in shares of Tractor Supply by 157.4% during the second quarter. 1832 Asset Management LP now owns 1,499,900 shares of the specialty retailer’s stock valued at $280,062,000 after acquiring an additional 917,300 shares in the last quarter. Nordea Investment Management AB grew its stake in Tractor Supply by 97.8% in the third quarter. Nordea Investment Management AB now owns 1,522,802 shares of the specialty retailer’s stock worth $313,088,000 after purchasing an additional 752,787 shares in the last quarter. Finally, Macquarie Group Ltd. Its stake grew in Tractor Supply by 281.5% in the second quarter. Macquarie Group Ltd. Now owns 553,534 shares of the specialty retailer’s stock worth $102,990,000 after purchasing an additional 408,432 shares in the last quarter. Institutional investors own 84.65% of the company’s stock.
About Tractor Supply
Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.
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