Wall Street brokerages expect Tractor Supply (NASDAQ:TSCO) to post $1.08 earnings per share for the current quarter, according to Zacks. Eight analysts have issued estimates for Tractor Supply’s earnings, with estimates ranging from $1.06 to $1.14. Tractor Supply reported earnings per share of $0.91 in the same quarter last year, which suggests a positive year over year growth rate of 18.7%. The company is expected to announce its next earnings report on Wednesday, January 30th.
On average, analysts expect that Tractor Supply will report full year earnings of $4.29 per share for the current financial year, with EPS estimates ranging from $4.26 to $4.35. For the next financial year, analysts expect that the company will post earnings of $4.72 per share, with EPS estimates ranging from $4.63 to $4.78. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, October 25th. The specialty retailer reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.08. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.82 billion. Tractor Supply had a return on equity of 36.23% and a net margin of 6.54%.
TSCO has been the subject of several analyst reports. BidaskClub upgraded Tractor Supply from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Oppenheimer boosted their price target on Tractor Supply from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, September 14th. Zacks Investment Research downgraded Tractor Supply from a “buy” rating to a “hold” rating in a report on Thursday, November 29th. Wedbush upgraded Tractor Supply from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $80.00 to $100.00 in a report on Friday, October 26th. Finally, Loop Capital boosted their price target on Tractor Supply to $93.00 and gave the company a “hold” rating in a report on Friday, October 26th. Twelve research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $88.05.
In other news, EVP Robert D. Mills sold 20,278 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $97.10, for a total transaction of $1,968,993.80. Following the completion of the sale, the executive vice president now directly owns 31,826 shares in the company, valued at approximately $3,090,304.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Benjamin F. Parrish, Jr. sold 25,252 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $89.62, for a total value of $2,263,084.24. Following the sale, the executive vice president now owns 28,700 shares of the company’s stock, valued at $2,572,094. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,605 shares of company stock valued at $8,041,912. Insiders own 1.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in TSCO. Nomura Asset Management Co. Ltd. boosted its position in Tractor Supply by 3.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 19,663 shares of the specialty retailer’s stock worth $1,787,000 after purchasing an additional 626 shares during the period. Private Capital Group LLC boosted its position in Tractor Supply by 66.1% during the 3rd quarter. Private Capital Group LLC now owns 1,648 shares of the specialty retailer’s stock worth $149,000 after purchasing an additional 656 shares during the period. NumerixS Investment Technologies Inc boosted its position in Tractor Supply by 58.3% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the specialty retailer’s stock worth $148,000 after purchasing an additional 700 shares during the period. First National Bank of Omaha boosted its position in Tractor Supply by 23.5% during the 3rd quarter. First National Bank of Omaha now owns 3,680 shares of the specialty retailer’s stock worth $334,000 after purchasing an additional 700 shares during the period. Finally, AXA boosted its position in Tractor Supply by 0.4% during the 3rd quarter. AXA now owns 160,754 shares of the specialty retailer’s stock worth $14,609,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 81.93% of the company’s stock.
Shares of TSCO opened at $88.79 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.99 and a quick ratio of 0.21. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22. Tractor Supply has a fifty-two week low of $58.27 and a fifty-two week high of $97.65.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 11th. Stockholders of record on Monday, November 26th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.40%. Tractor Supply’s payout ratio is 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.
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