Equities analysts forecast that Tractor Supply (NASDAQ:TSCO) will announce $1.60 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Tractor Supply’s earnings, with the lowest EPS estimate coming in at $1.57 and the highest estimate coming in at $1.64. Tractor Supply posted earnings of $1.25 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 28%. The business is scheduled to report its next quarterly earnings results on Wednesday, July 25th.
On average, analysts expect that Tractor Supply will report full year earnings of $4.08 per share for the current fiscal year, with EPS estimates ranging from $4.02 to $4.14. For the next fiscal year, analysts forecast that the business will report earnings of $4.48 per share, with EPS estimates ranging from $4.28 to $4.71. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, April 26th. The specialty retailer reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. Tractor Supply had a return on equity of 31.99% and a net margin of 5.88%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the company earned $0.46 earnings per share. Tractor Supply’s quarterly revenue was up 7.6% compared to the same quarter last year.
Several brokerages have commented on TSCO. BidaskClub lowered Tractor Supply from a “hold” rating to a “sell” rating in a report on Saturday, March 10th. Royal Bank of Canada raised their price objective on Tractor Supply to $74.00 and gave the company a “sector perform” rating in a report on Monday, January 29th. Stephens set a $70.00 price objective on Tractor Supply and gave the company a “hold” rating in a report on Tuesday, April 17th. Zacks Investment Research lowered Tractor Supply from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, Wedbush reissued a “hold” rating and issued a $69.00 price objective (down from $80.00) on shares of Tractor Supply in a report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. Tractor Supply has a consensus rating of “Hold” and an average price target of $72.90.
TSCO traded up $0.65 during trading on Wednesday, hitting $74.34. The company’s stock had a trading volume of 1,468,500 shares, compared to its average volume of 1,978,396. The company has a current ratio of 1.96, a quick ratio of 0.22 and a debt-to-equity ratio of 0.54. Tractor Supply has a twelve month low of $49.87 and a twelve month high of $82.68. The firm has a market cap of $9.12 billion, a P/E ratio of 22.32, a PEG ratio of 1.36 and a beta of 1.27.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 29th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 25th. This represents a $1.24 dividend on an annualized basis and a yield of 1.67%. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.27. Tractor Supply’s payout ratio is 32.43%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Tractor Supply by 0.8% during the first quarter. BlackRock Inc. now owns 8,186,514 shares of the specialty retailer’s stock worth $515,914,000 after buying an additional 61,450 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Tractor Supply by 19.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,375,561 shares of the specialty retailer’s stock worth $212,727,000 after buying an additional 552,372 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Tractor Supply by 3.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,925,160 shares of the specialty retailer’s stock worth $121,322,000 after buying an additional 60,837 shares during the last quarter. Two Sigma Advisers LP boosted its stake in Tractor Supply by 1.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,648,477 shares of the specialty retailer’s stock worth $123,224,000 after buying an additional 25,613 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Tractor Supply by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,529,953 shares of the specialty retailer’s stock worth $114,154,000 after buying an additional 25,316 shares during the last quarter. 80.51% of the stock is currently owned by institutional investors.
Tractor Supply Company Profile
Tractor Supply Company operates rural lifestyle retail stores 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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