Wall Street brokerages forecast that Tractor Supply (NASDAQ:TSCO) will announce earnings per share of $1.60 for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Tractor Supply’s earnings. The highest EPS estimate is $1.64 and the lowest is $1.57. Tractor Supply reported earnings per share of $1.25 during the same quarter last year, which indicates a positive year over year growth rate of 28%. The company is scheduled to report its next earnings report on Wednesday, July 25th.
On average, analysts expect that Tractor Supply will report full-year earnings of $4.08 per share for the current year, with EPS estimates ranging from $4.02 to $4.14. For the next financial year, analysts expect that the firm will report earnings of $4.48 per share, with EPS estimates ranging from $4.28 to $4.71. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow 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, hitting analysts’ consensus estimates of $0.57. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. Tractor Supply had a return on equity of 31.99% and a net margin of 5.88%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 EPS.
A number of analysts have commented on TSCO shares. Piper Jaffray Companies raised Tractor Supply from a “neutral” rating to an “overweight” rating and set a $71.00 price objective for the company in a report on Friday, April 20th. Royal Bank of Canada decreased their price objective on Tractor Supply to $64.00 and set a “market perform” rating for the company in a report on Tuesday, April 24th. Goldman Sachs Group raised Tractor Supply from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $72.00 to $79.00 in a report on Monday, April 16th. Sanford C. Bernstein reissued a “buy” rating on shares of Tractor Supply in a report on Tuesday, February 27th. Finally, Wells Fargo & Co started coverage on Tractor Supply in a report on Monday, April 23rd. They set an “outperform” rating and a $70.00 price objective for the company. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company. Tractor Supply presently has an average rating of “Hold” and a consensus target price of $73.52.
Several hedge funds have recently added to or reduced their stakes in the company. Centaurus Financial Inc. purchased a new position in Tractor Supply in the first quarter valued at approximately $100,000. Kennedy Capital Management Inc. purchased a new position in Tractor Supply in the fourth quarter valued at approximately $204,000. D.B. Root & Company LLC purchased a new position in Tractor Supply in the first quarter valued at approximately $213,000. Diversified Trust Co purchased a new position in Tractor Supply in the first quarter valued at approximately $223,000. Finally, Rampart Investment Management Company LLC lifted its stake in Tractor Supply by 117.0% in the first quarter. Rampart Investment Management Company LLC now owns 3,676 shares of the specialty retailer’s stock valued at $232,000 after purchasing an additional 1,982 shares during the last quarter. 80.62% of the stock is owned by institutional investors.
TSCO traded down $0.89 during midday trading on Wednesday, reaching $75.96. 1,370,401 shares of the company were exchanged, compared to its average volume of 1,929,865. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.96. The firm has a market capitalization of $9.52 billion, a P/E ratio of 22.77, a P/E/G ratio of 1.42 and a beta of 1.28. Tractor Supply has a one year low of $49.87 and a one year high of $82.68.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 12th. Stockholders of record on Tuesday, May 29th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 25th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a dividend yield of 1.63%. Tractor Supply’s dividend payout ratio is currently 37.24%.
About Tractor Supply
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.