Equities analysts expect that Tractor Supply (NASDAQ:TSCO) will post earnings of $0.87 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Tractor Supply’s earnings, with estimates ranging from $0.84 to $0.92. Tractor Supply posted earnings per share of $0.94 in the same quarter last year, which indicates a negative year-over-year growth rate of 7.4%. The firm is expected to announce its next earnings report after the market closes on Wednesday, January 31st.
According to Zacks, analysts expect that Tractor Supply will report full year earnings of $3.30 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.35. For the next fiscal year, analysts forecast that the firm will post earnings of $3.83 per share, with EPS estimates ranging from $3.33 to $4.30. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 EPS.
A number of equities research analysts recently weighed in on the company. Piper Jaffray Companies restated a “hold” rating and set a $56.00 price objective on shares of Tractor Supply in a research note on Friday, October 27th. KeyCorp restated a “hold” rating on shares of Tractor Supply in a research note on Friday, November 10th. Robert W. Baird set a $66.00 price objective on Tractor Supply and gave the stock a “buy” rating in a research note on Thursday, October 26th. Guggenheim restated a “buy” rating and set a $88.00 price objective on shares of Tractor Supply in a research note on Tuesday. Finally, Zacks Investment Research cut Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Sixteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $69.40.
Shares of Tractor Supply (NASDAQ:TSCO) traded up $1.49 during midday trading on Wednesday, hitting $82.39. The company had a trading volume of 1,121,005 shares, compared to its average volume of 1,137,060. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38. The stock has a market cap of $10,158.16, a PE ratio of 24.45, a P/E/G ratio of 1.54 and a beta of 1.32. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $82.44.
In other news, CMO Steve K. Barbarick sold 43,076 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in TSCO. Strs Ohio grew its holdings in Tractor Supply by 248.4% during the third quarter. Strs Ohio now owns 5,818 shares of the specialty retailer’s stock worth $368,000 after acquiring an additional 4,148 shares during the period. Tandem Investment Advisors Inc. grew its holdings in Tractor Supply by 8.8% during the second quarter. Tandem Investment Advisors Inc. now owns 90,437 shares of the specialty retailer’s stock worth $4,903,000 after acquiring an additional 7,347 shares during the period. Achmea Investment Management B.V. grew its holdings in Tractor Supply by 58.3% during the second quarter. Achmea Investment Management B.V. now owns 12,891 shares of the specialty retailer’s stock worth $697,000 after acquiring an additional 4,748 shares during the period. Janus Henderson Group PLC grew its holdings in Tractor Supply by 531.0% during the second quarter. Janus Henderson Group PLC now owns 2,136,401 shares of the specialty retailer’s stock worth $115,813,000 after acquiring an additional 1,797,802 shares during the period. Finally, Wasatch Advisors Inc. grew its holdings in Tractor Supply by 52.7% during the second quarter. Wasatch Advisors Inc. now owns 8,400 shares of the specialty retailer’s stock worth $455,000 after acquiring an additional 2,900 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.
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Tractor Supply Company Profile
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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