Zacks: Brokerages Anticipate Tractor Supply (NASDAQ:TSCO) Will Announce Earnings of $1.62 Per Share

Analysts expect Tractor Supply (NASDAQ:TSCO) to report $1.62 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Tractor Supply’s earnings, with the highest EPS estimate coming in at $1.77 and the lowest estimate coming in at $1.33. Tractor Supply also posted earnings of $1.62 per share during the same quarter last year. The firm is expected to report its next quarterly earnings results on Thursday, October 28th.

On average, analysts expect that Tractor Supply will report full-year earnings of $7.97 per share for the current year, with EPS estimates ranging from $7.25 to $8.24. For the next financial year, analysts anticipate that the firm will report earnings of $8.05 per share, with EPS estimates ranging from $6.97 to $8.60. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Tractor Supply.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Sunday, July 18th. The specialty retailer reported $3.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.94 by $0.25. Tractor Supply had a return on equity of 49.01% and a net margin of 7.39%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period last year, the firm posted $2.90 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis.

TSCO has been the topic of a number of research reports. Zacks Investment Research lowered Tractor Supply from a “buy” rating to a “hold” rating and set a $214.00 price objective on the stock. in a research report on Tuesday, September 14th. Telsey Advisory Group lifted their target price on Tractor Supply from $205.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, July 16th. Credit Suisse Group lifted their target price on Tractor Supply from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, July 20th. Morgan Stanley lifted their target price on Tractor Supply from $190.00 to $195.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 20th. Finally, Northcoast Research raised Tractor Supply from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Thursday, July 1st. Eleven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Tractor Supply presently has a consensus rating of “Buy” and an average price target of $193.73.

In related news, CFO Kurt D. Barton sold 3,527 shares of the company’s stock in a transaction that occurred on Monday, September 13th. The stock was sold at an average price of $205.37, for a total value of $724,339.99. Following the transaction, the chief financial officer now owns 38,708 shares in the company, valued at $7,949,461.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John P. Ordus sold 19,429 shares of the company’s stock in a transaction that occurred on Friday, September 10th. The shares were sold at an average price of $205.00, for a total value of $3,982,945.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,742 shares of company stock valued at $5,456,913. 0.70% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Baillie Gifford & Co. purchased a new stake in shares of Tractor Supply during the second quarter worth $28,000. Wagner Wealth Management LLC purchased a new stake in shares of Tractor Supply during the first quarter worth $27,000. WASHINGTON TRUST Co lifted its position in shares of Tractor Supply by 161.3% during the second quarter. WASHINGTON TRUST Co now owns 162 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Tractor Supply by 126.6% during the second quarter. Whittier Trust Co. now owns 179 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Finally, Bedel Financial Consulting Inc. purchased a new stake in shares of Tractor Supply during the second quarter worth $37,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Shares of TSCO traded up $0.61 during midday trading on Friday, hitting $210.72. The company’s stock had a trading volume of 411,932 shares, compared to its average volume of 1,056,993. Tractor Supply has a one year low of $127.78 and a one year high of $213.68. The company’s fifty day simple moving average is $194.31 and its two-hundred day simple moving average is $186.01. The company has a quick ratio of 0.76, a current ratio of 1.71 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $24.09 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 2.66 and a beta of 1.03.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 8th. Stockholders of record on Monday, August 23rd were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, August 20th. Tractor Supply’s dividend payout ratio is presently 30.28%.

Tractor Supply Company Profile

Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.

Further Reading: Hold Rating

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

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