Tractor Supply (TSCO) Expected to Announce Earnings of $0.56 Per Share

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.

TSCO has been the subject of a number of research reports. Zacks Investment Research upgraded Tractor Supply from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Tuesday, December 11th. Wedbush set a $105.00 price objective on Tractor Supply and gave the stock a “buy” rating in a report on Monday, December 10th. Deutsche Bank upgraded Tractor Supply from a “hold” rating to a “buy” rating and upped their price objective for the stock from $94.00 to $107.00 in a report on Thursday, December 13th. BidaskClub upgraded Tractor Supply from a “hold” rating to a “buy” rating in a report on Saturday, December 1st. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $102.00 price objective on shares of Tractor Supply in a report on Monday, February 11th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $92.63.

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.

See Also: Hedge Funds Explained

Get a free copy of the Zacks research report on Tractor Supply (TSCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.