Analysts expect that Tractor Supply Company (NASDAQ:TSCO) will post earnings of $0.86 per share for the current quarter, according to Zacks. Seven analysts have provided estimates for Tractor Supply’s earnings. The lowest EPS estimate is $0.84 and the highest is $0.89. Tractor Supply reported earnings of $0.94 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 8.5%. The business is scheduled to issue its next earnings report on Wednesday, February 7th.
On average, analysts expect that Tractor Supply will report full-year earnings of $3.27 per share for the current fiscal year, with EPS estimates ranging from $3.23 to $3.31. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.55 per share, with EPS estimates ranging from $3.39 to $3.67. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 earnings per share.
A number of equities analysts recently issued reports on TSCO shares. Deutsche Bank AG reaffirmed a “hold” rating and issued a $54.00 price target (down from $69.00) on shares of Tractor Supply in a report on Thursday, July 27th. Zacks Investment Research downgraded Tractor Supply from a “hold” rating to a “sell” rating in a report on Monday, October 16th. BMO Capital Markets upped their price target on Tractor Supply from $58.00 to $61.00 and gave the company a “market perform” rating in a report on Wednesday, September 27th. Wedbush reaffirmed an “outperform” rating and issued a $72.00 price target (up from $65.00) on shares of Tractor Supply in a report on Tuesday, October 3rd. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $69.00 price target on shares of Tractor Supply in a report on Tuesday, September 5th. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $68.63.
Several institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of Tractor Supply by 10.8% during the third quarter. Wells Fargo & Company MN now owns 1,715,032 shares of the specialty retailer’s stock worth $108,545,000 after purchasing an additional 167,097 shares during the last quarter. Zeke Capital Advisors LLC purchased a new position in Tractor Supply in the third quarter worth $313,000. Achmea Investment Management B.V. raised its position in Tractor Supply by 71.4% in the third quarter. Achmea Investment Management B.V. now owns 22,089 shares of the specialty retailer’s stock worth $1,395,000 after acquiring an additional 9,198 shares in the last quarter. JPMorgan Chase & Co. raised its position in Tractor Supply by 55.6% in the third quarter. JPMorgan Chase & Co. now owns 83,259 shares of the specialty retailer’s stock worth $5,255,000 after acquiring an additional 29,738 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Tractor Supply by 5.9% in the third quarter. Legal & General Group Plc now owns 682,968 shares of the specialty retailer’s stock worth $43,224,000 after acquiring an additional 37,929 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.
Shares of Tractor Supply (NASDAQ:TSCO) traded up $0.79 on Wednesday, reaching $62.67. The company had a trading volume of 3,016,000 shares, compared to its average volume of 2,221,732. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17. The firm has a market capitalization of $7,769.92, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $78.25.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Friday, November 17th. Tractor Supply’s dividend payout ratio (DPR) is presently 32.05%.
About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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