Analysts Anticipate Tractor Supply (TSCO) Will Post Quarterly Sales of $1.68 Billion

Equities analysts predict that Tractor Supply (NASDAQ:TSCO) will report sales of $1.68 billion for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Tractor Supply’s earnings. The lowest sales estimate is $1.56 billion and the highest is $1.72 billion. Tractor Supply reported sales of $1.56 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The company is scheduled to report its next earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that Tractor Supply will report full year sales of $7.67 billion for the current fiscal year, with estimates ranging from $7.26 billion to $7.76 billion. For the next fiscal year, analysts forecast that the company will report sales of $8.18 billion per share, with estimates ranging from $8.09 billion to $8.25 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Tractor Supply.

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Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year.

TSCO has been the subject of several recent analyst reports. Deutsche Bank decreased their price target on Tractor Supply from $72.00 to $65.00 and set a “hold” rating for the company in a research note on Tuesday. Goldman Sachs upgraded Tractor Supply from a “neutral” rating to a “buy” rating and upped their price target for the stock from $72.00 to $79.00 in a research note on Monday. BidaskClub downgraded Tractor Supply from a “hold” rating to a “sell” rating in a research note on Tuesday, April 10th. Wedbush reiterated a “neutral” rating and set a $69.00 price target (up previously from $60.00) on shares of Tractor Supply in a research note on Monday, April 9th. Finally, ValuEngine downgraded Tractor Supply from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $74.16.

In related news, Director Edna Morris sold 1,054 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total transaction of $70,691.78. Following the completion of the sale, the director now owns 10,949 shares in the company, valued at approximately $734,349.43. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. New York State Common Retirement Fund raised its holdings in Tractor Supply by 1.2% in the 3rd quarter. New York State Common Retirement Fund now owns 292,963 shares of the specialty retailer’s stock valued at $18,542,000 after acquiring an additional 3,563 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Tractor Supply by 55.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 83,259 shares of the specialty retailer’s stock valued at $5,255,000 after acquiring an additional 29,738 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Tractor Supply by 6.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 546,751 shares of the specialty retailer’s stock valued at $34,603,000 after acquiring an additional 33,488 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Tractor Supply by 3.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 207,739 shares of the specialty retailer’s stock worth $13,145,000 after buying an additional 6,218 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its holdings in shares of Tractor Supply by 1.0% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 115,466 shares of the specialty retailer’s stock worth $7,308,000 after buying an additional 1,089 shares in the last quarter. Hedge funds and other institutional investors own 84.10% of the company’s stock.

NASDAQ TSCO traded down $0.87 on Friday, reaching $58.90. The stock had a trading volume of 694,982 shares, compared to its average volume of 1,938,783. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.95 and a quick ratio of 0.24. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $82.68. The company has a market capitalization of $7,224.50, a P/E ratio of 17.69, a price-to-earnings-growth ratio of 1.09 and a beta of 1.28.

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Tractor Supply Company Profile

Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm and ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The company operates its retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.

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Earnings History and Estimates for Tractor Supply (NASDAQ:TSCO)

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