Equities analysts expect Tractor Supply (NASDAQ:TSCO) to report $0.87 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Tractor Supply’s earnings. The highest EPS estimate is $0.91 and the lowest is $0.84. Tractor Supply reported earnings per share of $0.94 during the same quarter last year, which indicates a negative year-over-year growth rate of 7.4%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, January 31st.
According to Zacks, analysts expect that Tractor Supply will report full-year earnings of $3.29 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.35. For the next fiscal year, analysts forecast that the business will report earnings of $3.78 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 cover Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS.
A number of equities analysts have recently commented on the stock. Guggenheim reissued a “buy” rating and issued a $88.00 price target on shares of Tractor Supply in a report on Tuesday. Stephens set a $79.00 target price on shares of Tractor Supply and gave the company a “hold” rating in a report on Wednesday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $57.00 target price on shares of Tractor Supply in a report on Friday, September 29th. Zacks Investment Research raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating and set a $89.00 target price on the stock in a report on Monday, January 8th. Finally, Wedbush lowered shares of Tractor Supply from an “outperform” rating to a “neutral” rating and increased their target price for the company from $72.00 to $80.00 in a report on Thursday, January 11th. Sixteen equities 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $69.40.
In other Tractor Supply news, CMO Steve K. Barbarick sold 43,076 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were 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 at the SEC website. 1.20% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in TSCO. Commonwealth Bank of Australia lifted its position in shares of Tractor Supply by 15.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 317 shares during the period. Riverhead Capital Management LLC lifted its position in shares of Tractor Supply by 14.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 13,402 shares of the specialty retailer’s stock worth $727,000 after purchasing an additional 1,703 shares during the period. Teachers Advisors LLC lifted its position in shares of Tractor Supply by 90.2% in the 2nd quarter. Teachers Advisors LLC now owns 464,297 shares of the specialty retailer’s stock worth $25,170,000 after purchasing an additional 220,179 shares during the period. Norinchukin Bank The lifted its position in shares of Tractor Supply by 5.0% in the 2nd quarter. Norinchukin Bank The now owns 8,922 shares of the specialty retailer’s stock worth $484,000 after purchasing an additional 428 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Tractor Supply by 1.7% in the 2nd quarter. BlackRock Inc. now owns 7,968,825 shares of the specialty retailer’s stock worth $431,989,000 after purchasing an additional 133,235 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tractor Supply (NASDAQ TSCO) traded up $1.77 during trading hours on Wednesday, hitting $80.95. 642,617 shares of the stock were exchanged, compared to its average volume of 1,930,000. The company has a market cap of $10,160.00, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $81.11. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38.
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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