Equities Analysts Offer Predictions for Tractor Supply’s Q3 2018 Earnings (TSCO)

Tractor Supply (NASDAQ:TSCO) – Stock analysts at Northcoast Research issued their Q3 2018 earnings per share estimates for shares of Tractor Supply in a report issued on Monday. Northcoast Research analyst C. Cerankosky anticipates that the specialty retailer will post earnings of $0.96 per share for the quarter. Northcoast Research currently has a “Buy” rating on the stock.

Other equities research analysts have also recently issued reports about the company. Oppenheimer reiterated a “hold” rating on shares of Tractor Supply in a research note on Thursday, February 1st. Stephens set a $79.00 price target on Tractor Supply and gave the company a “hold” rating in a research note on Wednesday, January 17th. Royal Bank of Canada increased their price target on Tractor Supply to $74.00 and gave the company a “sector perform” rating in a research note on Monday, January 29th. Telsey Advisory Group restated a “market perform” rating and issued a $76.00 price objective (down from $83.00) on shares of Tractor Supply in a research note on Thursday, February 1st. Finally, Deutsche Bank reduced their price objective on Tractor Supply from $54.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $72.85.

Shares of Tractor Supply (TSCO) opened at $67.54 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 1.95 and a debt-to-equity ratio of 0.31. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $82.68. The company has a market capitalization of $8,243.30, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.21 and a beta of 1.17.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the business posted $0.94 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year.

Large investors have recently modified their holdings of the company. Strs Ohio lifted its position in Tractor Supply by 248.4% during the third quarter. Strs Ohio now owns 5,818 shares of the specialty retailer’s stock worth $368,000 after buying an additional 4,148 shares in the last quarter. Tandem Investment Advisors Inc. lifted its position in Tractor Supply by 8.8% during the second quarter. Tandem Investment Advisors Inc. now owns 90,437 shares of the specialty retailer’s stock worth $4,903,000 after buying an additional 7,347 shares in the last quarter. Achmea Investment Management B.V. lifted its position in Tractor Supply by 58.3% during the second quarter. Achmea Investment Management B.V. now owns 12,891 shares of the specialty retailer’s stock worth $697,000 after buying an additional 4,748 shares in the last quarter. Janus Henderson Group PLC lifted its position in Tractor Supply by 531.0% during the second quarter. Janus Henderson Group PLC now owns 2,136,401 shares of the specialty retailer’s stock worth $115,813,000 after buying an additional 1,797,802 shares in the last quarter. Finally, Wasatch Advisors Inc. lifted its position in Tractor Supply by 52.7% during the second quarter. Wasatch Advisors Inc. now owns 8,400 shares of the specialty retailer’s stock worth $455,000 after buying an additional 2,900 shares in the last quarter. 92.99% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CMO Steve K. Barbarick sold 43,076 shares of Tractor Supply stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total value of $2,973,536.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

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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.

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

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