Equities research analysts expect Tractor Supply (NASDAQ:TSCO) to announce $0.86 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Tractor Supply’s earnings. The highest EPS estimate is $0.87 and the lowest is $0.84. Tractor Supply posted earnings of $0.72 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.4%. The company is expected to announce its next quarterly earnings results on Wednesday, October 24th.
According to Zacks, analysts expect that Tractor Supply will report full year earnings of $4.19 per share for the current fiscal year, with EPS estimates ranging from $4.16 to $4.22. For the next financial year, analysts expect that the company will post earnings of $4.60 per share, with EPS estimates ranging from $4.44 to $4.76. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, July 26th. The specialty retailer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. Tractor Supply had a net margin of 6.34% and a return on equity of 35.24%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis.
TSCO has been the topic of several analyst reports. BidaskClub downgraded shares of Tractor Supply from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 13th. Gordon Haskett initiated coverage on shares of Tractor Supply in a report on Wednesday, June 20th. They set an “accumulate” rating and a $86.00 price target on the stock. Wells Fargo & Co lifted their price target on shares of Tractor Supply from $72.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, June 27th. ValuEngine raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Finally, Zacks Investment Research raised shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Thursday, June 28th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $81.60.
In other news, EVP Benjamin F. Parrish, Jr. sold 5,000 shares of Tractor Supply stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $78.44, for a total transaction of $392,200.00. Following the sale, the executive vice president now owns 21,948 shares in the company, valued at $1,721,601.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gregory A. Sandfort sold 140,709 shares of Tractor Supply stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $90.28, for a total transaction of $12,703,208.52. Following the sale, the chief executive officer now owns 118,845 shares in the company, valued at approximately $10,729,326.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 240,676 shares of company stock worth $21,239,177. Company insiders own 1.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank increased its position in Tractor Supply by 2.7% in the second quarter. Swiss National Bank now owns 415,400 shares of the specialty retailer’s stock worth $31,774,000 after purchasing an additional 11,000 shares during the last quarter. Ridgewood Investments LLC increased its position in Tractor Supply by 17.2% in the second quarter. Ridgewood Investments LLC now owns 11,768 shares of the specialty retailer’s stock worth $900,000 after purchasing an additional 1,725 shares during the last quarter. Alps Advisors Inc. bought a new stake in Tractor Supply in the second quarter worth $570,000. Sentry Investment Management LLC bought a new stake in Tractor Supply in the second quarter worth $665,000. Finally, Principal Financial Group Inc. increased its position in Tractor Supply by 0.4% in the first quarter. Principal Financial Group Inc. now owns 196,559 shares of the specialty retailer’s stock worth $12,388,000 after purchasing an additional 850 shares during the last quarter. Hedge funds and other institutional investors own 81.72% of the company’s stock.
NASDAQ:TSCO traded up $0.10 during trading hours on Tuesday, hitting $87.65. 1,077,043 shares of the stock traded hands, compared to its average volume of 1,747,273. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.92 and a quick ratio of 0.19. Tractor Supply has a 1 year low of $54.76 and a 1 year high of $92.45. The company has a market capitalization of $11.07 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.69 and a beta of 1.39.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 11th. Stockholders of record on Monday, August 27th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, August 24th. Tractor Supply’s payout ratio is currently 37.24%.
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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