Wall Street analysts expect Tractor Supply (NASDAQ:TSCO) to report earnings of $0.56 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Tractor Supply’s earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.66. Tractor Supply reported earnings of $0.57 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.8%. The firm is expected to issue its next quarterly earnings report on Thursday, April 25th.
According to Zacks, analysts expect that Tractor Supply will report full-year earnings of $4.71 per share for the current year, with EPS estimates ranging from $4.68 to $4.75. For the next fiscal year, analysts expect that the firm will report earnings of $5.22 per share, with EPS estimates ranging from $5.10 to $5.34. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, January 31st. The specialty retailer reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.02. Tractor Supply had a return on equity of 36.86% and a net margin of 6.73%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.10 billion.
Tractor Supply stock traded up $2.52 during midday trading on Friday, hitting $97.76. 1,958,553 shares of the company’s stock were exchanged, compared to its average volume of 1,193,138. Tractor Supply has a 52-week low of $58.27 and a 52-week high of $98.58. The company has a quick ratio of 0.22, a current ratio of 1.91 and a debt-to-equity ratio of 0.26. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.81 and a beta of 1.10.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 25th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, February 22nd. Tractor Supply’s dividend payout ratio (DPR) is presently 28.77%.
In other news, CEO Gregory A. Sandfort sold 25,896 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $95.00, for a total value of $2,460,120.00. Following the completion of the sale, the chief executive officer now owns 117,554 shares of the company’s stock, valued at approximately $11,167,630. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Steve K. Barbarick sold 47,011 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $97.83, for a total value of $4,599,086.13. Following the completion of the sale, the chief operating officer now directly owns 108,905 shares of the company’s stock, valued at approximately $10,654,176.15. The disclosure for this sale can be found here. In the last three months, insiders sold 77,081 shares of company stock valued at $7,460,202. 1.60% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSCO. Oregon Public Employees Retirement Fund lifted its stake in shares of Tractor Supply by 12,298.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,941,622 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 3,909,832 shares during the last quarter. Norges Bank bought a new stake in shares of Tractor Supply in the 4th quarter valued at about $99,527,000. JPMorgan Chase & Co. raised its position in Tractor Supply by 73.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,339,567 shares of the specialty retailer’s stock valued at $212,619,000 after purchasing an additional 987,193 shares during the last quarter. Marshall Wace LLP bought a new position in Tractor Supply during the 3rd quarter valued at approximately $89,427,000. Finally, BlackRock Inc. raised its position in Tractor Supply by 10.0% during the 4th quarter. BlackRock Inc. now owns 9,093,256 shares of the specialty retailer’s stock valued at $758,740,000 after purchasing an additional 829,133 shares during the last quarter. 82.09% of the stock is owned by institutional investors.
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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