Tractor Supply Company (TSCO) to Post Q2 2017 Earnings of $1.25 Per Share, Wedbush Forecasts

Tractor Supply Company (NASDAQ:TSCO) – Analysts at Wedbush reduced their Q2 2017 earnings per share estimates for shares of Tractor Supply Company in a report released on Wednesday. Wedbush analyst S. Basham now anticipates that the specialty retailer will earn $1.25 per share for the quarter, down from their previous estimate of $1.29. Wedbush currently has a “Outperform” rating and a $80.00 price target on the stock. Wedbush also issued estimates for Tractor Supply Company’s Q3 2017 earnings at $0.74 EPS, FY2017 earnings at $3.40 EPS, Q2 2018 earnings at $1.42 EPS, Q3 2018 earnings at $0.84 EPS, Q4 2018 earnings at $1.09 EPS, FY2018 earnings at $3.88 EPS, FY2019 earnings at $4.43 EPS and FY2020 earnings at $5.07 EPS.

A number of other brokerages have also commented on TSCO. Instinet restated a “buy” rating and issued a $85.00 price target on shares of Tractor Supply Company in a report on Saturday, March 11th. TheStreet upgraded Tractor Supply Company from a “c+” rating to a “b” rating in a report on Friday, March 17th. Zacks Investment Research lowered Tractor Supply Company from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Stephens lowered Tractor Supply Company from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a report on Wednesday, April 12th. Finally, J P Morgan Chase & Co lowered Tractor Supply Company from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $88.00 to $67.00 in a report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $79.52.

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Tractor Supply Company (TSCO) opened at 51.06 on Thursday. The stock’s 50 day moving average price is $55.58 and its 200-day moving average price is $67.24. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 15.76 and a beta of 1.32. Tractor Supply Company has a one year low of $50.92 and a one year high of $94.62.

Tractor Supply Company (NASDAQ:TSCO) last issued its earnings results on Wednesday, April 26th. The specialty retailer reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. Tractor Supply Company had a return on equity of 29.64% and a net margin of 6.25%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the firm posted $0.50 EPS. The business’s revenue was up 6.6% compared to the same quarter last year.

Several hedge funds have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. increased its stake in shares of Tractor Supply Company by 3.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock valued at $172,000 after buying an additional 91 shares in the last quarter. Dynamic Advisors Solutions LLC increased its stake in shares of Tractor Supply Company by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 100 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of Tractor Supply Company during the first quarter valued at approximately $216,000. Gofen & Glossberg LLC IL increased its stake in shares of Tractor Supply Company by 6.7% in the first quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock valued at $218,000 after buying an additional 200 shares in the last quarter. Finally, Cleararc Capital Inc. increased its stake in shares of Tractor Supply Company by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock valued at $221,000 after buying an additional 29 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.

Tractor Supply Company Company Profile

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.

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

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