Tractor Supply (NASDAQ:TSCO – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $10.10-10.40 for the period, compared to the consensus EPS estimate of $10.29. The company issued revenue guidance of $14.85-15.0 billion, compared to the consensus revenue estimate of $14.90 billion. Tractor Supply also updated its FY 2024 guidance to 10.100-10.400 EPS.
Tractor Supply Stock Performance
Shares of Tractor Supply stock traded down $1.52 during trading on Friday, hitting $272.77. 825,696 shares of the company’s stock traded hands, compared to its average volume of 1,052,698. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.43 and a quick ratio of 0.25. Tractor Supply has a 1 year low of $185.00 and a 1 year high of $307.64. The stock has a market capitalization of $29.42 billion, a P/E ratio of 26.25, a PEG ratio of 3.66 and a beta of 0.80. The business has a 50-day simple moving average of $282.05 and a 200-day simple moving average of $272.89.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last announced its earnings results on Thursday, October 24th. The specialty retailer reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.01. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. As a group, analysts forecast that Tractor Supply will post 10.23 EPS for the current year.
Tractor Supply Dividend Announcement
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. UBS Group raised Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Wedbush reaffirmed a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a research note on Friday. Piper Sandler raised their price objective on Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Evercore ISI downgraded Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price objective on the stock. in a research note on Thursday, October 3rd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $335.00 price objective on shares of Tractor Supply in a research note on Thursday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $275.96.
Read Our Latest Analysis on Tractor Supply
Insiders Place Their Bets
In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares of the company’s stock, valued at $2,862,682.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
About Tractor Supply
Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.
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