Analysts Anticipate Tractor Supply (TSCO) to Announce $0.86 Earnings Per Share
Brokerages predict that Tractor Supply (NASDAQ:TSCO) will post $0.86 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Tractor Supply’s earnings. The lowest EPS estimate is $0.84 and the highest is $0.87. Tractor Supply reported earnings per share of $0.72 during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.4%. The business is scheduled to announce its next quarterly earnings results on Wednesday, October 24th.
On average, analysts expect that Tractor Supply will report full-year earnings of $4.19 per share for the current financial year, with EPS estimates ranging from $4.16 to $4.22. For the next year, analysts expect that the business will report earnings of $4.60 per share, with EPS estimates ranging from $4.44 to $4.76. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 26th. The specialty retailer reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.17 billion. Tractor Supply had a return on equity of 35.24% and a net margin of 6.34%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 EPS.
In other Tractor Supply news, CEO Gregory A. Sandfort sold 140,709 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $90.28, for a total value of $12,703,208.52. Following the completion of the sale, the chief executive officer now directly owns 118,845 shares in the company, valued at $10,729,326.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Steve K. Barbarick sold 20,000 shares of the stock in a transaction dated Friday, July 20th. The shares were sold at an average price of $79.99, for a total value of $1,599,800.00. Following the completion of the sale, the chief marketing officer now owns 76,953 shares of the company’s stock, valued at $6,155,470.47. The disclosure for this sale can be found here. Over the last quarter, insiders sold 240,676 shares of company stock valued at $21,239,177. 1.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in TSCO. Centaurus Financial Inc. purchased a new position in shares of Tractor Supply in the first quarter worth about $100,000. Piedmont Investment Advisors LLC purchased a new position in shares of Tractor Supply in the second quarter worth about $106,000. Qube Research & Technologies Ltd purchased a new position in shares of Tractor Supply in the second quarter worth about $130,000. Steward Partners Investment Advisory LLC raised its stake in shares of Tractor Supply by 118.9% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,751 shares of the specialty retailer’s stock worth $134,000 after purchasing an additional 951 shares during the last quarter. Finally, NumerixS Investment Technologies Inc raised its stake in shares of Tractor Supply by 58.3% in the second 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 last quarter. Institutional investors own 81.71% of the company’s stock.
Shares of NASDAQ TSCO traded down $1.20 during mid-day trading on Friday, reaching $87.41. 2,047,900 shares of the company were exchanged, compared to its average volume of 1,783,982. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.92 and a quick ratio of 0.19. The stock has a market capitalization of $10.80 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 1.65 and a beta of 1.43. Tractor Supply has a 1 year low of $54.76 and a 1 year high of $91.92.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 11th. Shareholders of record on Monday, August 27th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Friday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 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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