Tractor Supply (TSCO) Expected to Post Earnings of $0.57 Per Share

Wall Street analysts expect Tractor Supply (NASDAQ:TSCO) to announce $0.57 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Tractor Supply’s earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.55. Tractor Supply also reported earnings per share of $0.57 during the same quarter last year. The company is expected to issue its next quarterly earnings report on Thursday, April 25th.

According to Zacks, analysts expect that Tractor Supply will report full year earnings of $4.71 per share for the current fiscal year, with EPS estimates ranging from $4.68 to $4.75. For the next financial year, analysts expect that the company will post earnings of $5.23 per share, with EPS estimates ranging from $5.10 to $5.34. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Tractor Supply.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, January 31st. The specialty retailer reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.02. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Tractor Supply had a net margin of 6.73% and a return on equity of 36.86%.

Several analysts recently commented on TSCO shares. BidaskClub cut shares of Tractor Supply from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research cut shares of Tractor Supply from a “buy” rating to a “hold” rating in a research note on Saturday, January 26th. Bank of America reiterated a “neutral” rating and issued a $90.00 price objective (down previously from $95.00) on shares of Tractor Supply in a research note on Wednesday, January 9th. Wells Fargo & Co raised their price objective on shares of Tractor Supply from $102.00 to $108.00 and gave the company an “outperform” rating in a research note on Thursday, February 14th. Finally, Credit Suisse Group restated a “hold” rating and set a $85.00 target price on shares of Tractor Supply in a report on Tuesday, January 29th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $91.94.

In other news, Director Edna Morris sold 4,174 shares of Tractor Supply stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $96.07, for a total transaction of $400,996.18. Following the completion of the sale, the director now directly owns 1,916 shares in the company, valued at $184,070.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Steve K. Barbarick sold 47,011 shares of Tractor Supply stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $97.83, for a total transaction of $4,599,086.13. Following the sale, the chief operating officer now owns 108,905 shares of the company’s stock, valued at $10,654,176.15. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bruderman Asset Management LLC purchased a new stake in shares of Tractor Supply during the fourth quarter worth about $25,000. Cordasco Financial Network grew its holdings in shares of Tractor Supply by 53.6% during the fourth quarter. Cordasco Financial Network now owns 338 shares of the specialty retailer’s stock worth $28,000 after buying an additional 118 shares in the last quarter. Rational Advisors LLC grew its holdings in shares of Tractor Supply by 570.9% during the fourth quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock worth $31,000 after buying an additional 314 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Tractor Supply during the fourth quarter worth about $33,000. Finally, Psagot Investment House Ltd. purchased a new stake in shares of Tractor Supply during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 80.64% of the company’s stock.

Shares of TSCO stock traded down $0.94 during mid-day trading on Friday, hitting $89.46. The stock had a trading volume of 2,004,385 shares, compared to its average volume of 1,535,767. Tractor Supply has a fifty-two week low of $58.27 and a fifty-two week high of $98.03. The stock has a market capitalization of $10.98 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.22 and a current ratio of 1.91.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 25th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, February 22nd. This represents a $1.24 annualized dividend and a yield of 1.39%. Tractor Supply’s dividend payout ratio (DPR) is currently 28.77%.

Tractor Supply Company Profile

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

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