$1.68 Billion in Sales Expected for Tractor Supply (TSCO) This Quarter

Analysts expect that Tractor Supply (NASDAQ:TSCO) will report sales of $1.68 billion for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Tractor Supply’s earnings. The highest sales estimate is $1.72 billion and the lowest is $1.56 billion. Tractor Supply posted sales of $1.56 billion during the same quarter last year, which indicates a positive year over year growth rate of 7.7%. The company is scheduled to announce its next earnings results on Wednesday, April 25th.

On average, analysts expect that Tractor Supply will report full year sales of $1.68 billion for the current year, with estimates ranging from $7.26 billion to $7.76 billion. For the next year, analysts expect that the firm will post sales of $8.18 billion per share, with estimates ranging from $8.09 billion to $8.25 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Tractor Supply.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $1.93 billion. During the same period in the previous year, the firm earned $0.94 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis.

A number of research analysts have recently weighed in on the company. BidaskClub cut Tractor Supply from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Telsey Advisory Group downgraded Tractor Supply from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $62.00 to $83.00 in a research note on Thursday, January 25th. They noted that the move was a valuation call. Guggenheim reaffirmed a “buy” rating and set a $88.00 price objective on shares of Tractor Supply in a research note on Tuesday, January 16th. Zacks Investment Research raised Tractor Supply from a “hold” rating to a “strong-buy” rating and set a $89.00 price objective for the company in a research note on Monday, January 8th. Finally, Stephens set a $79.00 price objective on Tractor Supply and gave the company a “hold” rating in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Tractor Supply currently has a consensus rating of “Hold” and a consensus price target of $73.35.

In related news, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edna Morris sold 1,054 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio lifted its stake in Tractor Supply by 248.4% in the third quarter. Strs Ohio now owns 5,818 shares of the specialty retailer’s stock valued at $368,000 after acquiring an additional 4,148 shares during the last quarter. Achmea Investment Management B.V. increased its stake 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 last quarter. Wedbush Securities Inc. increased its stake in Tractor Supply by 46.4% during the third quarter. Wedbush Securities Inc. now owns 23,213 shares of the specialty retailer’s stock worth $1,469,000 after acquiring an additional 7,359 shares during the last quarter. Cim LLC grew its stake in shares of Tractor Supply by 3.0% in the third quarter. Cim LLC now owns 111,475 shares of the specialty retailer’s stock valued at $7,055,000 after buying an additional 3,260 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Tractor Supply by 29.9% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,300 shares of the specialty retailer’s stock valued at $715,000 after buying an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

Tractor Supply (NASDAQ:TSCO) traded up $0.34 during mid-day trading on Thursday, hitting $65.86. The stock had a trading volume of 1,343,939 shares, compared to its average volume of 2,409,567. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $82.68. The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 0.31. The stock has a market cap of $8,240.21, a PE ratio of 19.96, a P/E/G ratio of 1.21 and a beta of 1.17.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, February 23rd. Tractor Supply’s payout ratio is 32.73%.

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

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