Brokerages Expect Tractor Supply (NASDAQ:TSCO) to Post $0.96 EPS


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Equities analysts forecast that Tractor Supply (NASDAQ:TSCO) will announce $0.96 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Tractor Supply’s earnings, with estimates ranging from $0.76 to $1.33. Tractor Supply posted earnings of $0.71 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 35.2%. The business is scheduled to announce its next earnings results on Thursday, April 22nd.

On average, analysts expect that Tractor Supply will report full year earnings of $6.68 per share for the current year, with EPS estimates ranging from $6.00 to $7.05. For the next fiscal year, analysts anticipate that the company will report earnings of $7.20 per share, with EPS estimates ranging from $6.74 to $7.53. 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 announced its quarterly earnings results on Wednesday, January 27th. The specialty retailer reported $1.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.13. Tractor Supply had a return on equity of 46.65% and a net margin of 7.62%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the company posted $1.21 earnings per share. Tractor Supply’s revenue for the quarter was up 31.3% on a year-over-year basis.

A number of research analysts have issued reports on TSCO shares. Morgan Stanley boosted their price target on Tractor Supply from $155.00 to $156.00 and gave the company an “equal weight” rating in a report on Friday, January 29th. The Goldman Sachs Group upped their target price on Tractor Supply from $170.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, February 25th. Telsey Advisory Group upped their target price on Tractor Supply from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, January 29th. Credit Suisse Group reissued a “hold” rating on shares of Tractor Supply in a research note on Thursday, April 1st. Finally, Royal Bank of Canada increased their price objective on Tractor Supply from $168.00 to $175.00 in a research note on Thursday, January 21st. Eighteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $150.08.

In other Tractor Supply news, SVP Christi C. Korzekwa sold 3,585 shares of the business’s stock in a transaction that occurred on Wednesday, February 17th. The stock was sold at an average price of $165.00, for a total value of $591,525.00. Following the completion of the sale, the senior vice president now owns 14,976 shares in the company, valued at $2,471,040. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John P. Ordus sold 14,047 shares of the business’s stock in a transaction that occurred on Friday, January 15th. The shares were sold at an average price of $159.75, for a total value of $2,244,008.25. Following the completion of the sale, the executive vice president now owns 9,584 shares of the company’s stock, valued at approximately $1,531,044. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bremer Bank National Association purchased a new stake in Tractor Supply in the first quarter valued at approximately $239,000. Summit Financial Group Inc. purchased a new stake in shares of Tractor Supply during the first quarter worth approximately $216,000. Carroll Financial Associates Inc. raised its stake in shares of Tractor Supply by 212.3% during the first quarter. Carroll Financial Associates Inc. now owns 228 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 155 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Tractor Supply during the first quarter worth approximately $367,000. Finally, Park National Corp OH purchased a new stake in shares of Tractor Supply during the first quarter worth approximately $449,000. Institutional investors own 88.26% of the company’s stock.

NASDAQ:TSCO traded down $0.84 during trading hours on Thursday, reaching $176.22. The company had a trading volume of 23,923 shares, compared to its average volume of 1,283,363. Tractor Supply has a 1-year low of $85.22 and a 1-year high of $180.85. The firm has a market cap of $20.48 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 2.03 and a beta of 0.96. The business’s 50 day moving average price is $168.64 and its 200-day moving average price is $149.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.49 and a quick ratio of 0.59.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 9th. Investors of record on Monday, February 22nd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.18%. This is an increase from Tractor Supply’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, February 19th. Tractor Supply’s dividend payout ratio is 44.44%.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer 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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Earnings History and Estimates for Tractor Supply (NASDAQ:TSCO)

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