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

Brokerages expect Tractor Supply (NASDAQ:TSCO) to announce $0.56 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Tractor Supply’s earnings, with estimates ranging from $0.55 to $0.58. Tractor Supply reported earnings of $0.57 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 1.8%. The business is expected to report its next earnings report before the market opens 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 financial year, with EPS estimates ranging from $4.68 to $4.75. For the next fiscal year, analysts forecast that the firm will post earnings of $5.23 per share, with EPS estimates ranging from $5.10 to $5.41. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Tractor Supply.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, January 31st. The specialty retailer reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.02. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Tractor Supply had a net margin of 6.73% and a return on equity of 36.86%.

Several research firms have recently commented on TSCO. Morgan Stanley increased their price target on shares of Tractor Supply from $89.00 to $96.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Wells Fargo & Co increased their price target on shares of Tractor Supply from $108.00 to $114.00 and gave the company an “outperform” rating in a research note on Thursday. Telsey Advisory Group reissued a “market perform” rating and set a $98.00 price target (up from $92.00) on shares of Tractor Supply in a research note on Monday. Bank of America reissued a “neutral” rating and set a $95.00 price target on shares of Tractor Supply in a research note on Thursday, April 11th. Finally, Zacks Investment Research cut shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $96.44.

Shares of TSCO traded down $1.05 during mid-day trading on Monday, hitting $102.04. 487,093 shares of the company traded hands, compared to its average volume of 1,297,426. Tractor Supply has a one year low of $59.48 and a one year high of $106.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.91 and a quick ratio of 0.22. The stock has a market capitalization of $12.49 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10.

In other Tractor Supply news, CEO Gregory A. Sandfort sold 74,667 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $105.00, for a total value of $7,840,035.00. Following the transaction, the chief executive officer now directly owns 166,325 shares of the company’s stock, valued at $17,464,125. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory A. Sandfort sold 25,896 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $95.00, for a total transaction of $2,460,120.00. Following the completion of the sale, the chief executive officer now owns 117,554 shares in the company, valued at $11,167,630. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 346,369 shares of company stock worth $34,881,726. Insiders own 1.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of TSCO. Bruderman Asset Management LLC acquired a new stake in Tractor Supply in the fourth quarter worth $25,000. Cordasco Financial Network raised its holdings in Tractor Supply by 53.6% in the fourth quarter. Cordasco Financial Network now owns 338 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 118 shares during the period. Rational Advisors LLC raised its holdings in Tractor Supply by 570.9% in the fourth quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 314 shares during the period. Liberty Wealth Management LLC acquired a new stake in Tractor Supply in the fourth quarter worth $31,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in Tractor Supply in the fourth quarter worth $33,000. Institutional investors own 82.26% of the company’s stock.

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

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