Q3 2016 Earnings Estimate for Tractor Supply Co. Issued By Northcoast Research (TSCO)
Tractor Supply Co. (NASDAQ:TSCO) – Equities researchers at Northcoast Research issued their Q3 2016 earnings estimates for Tractor Supply in a research report issued to clients and investors on Tuesday. Northcoast Research analyst C. Cerankosky expects that the firm will post earnings per share of $0.66 for the quarter. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Tractor Supply’s Q4 2016 earnings at $0.94 EPS, FY2016 earnings at $3.26 EPS and FY2017 earnings at $3.64 EPS.
Several other research analysts have also recently weighed in on the stock. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $80.00 price objective (down from $110.00) on shares of Tractor Supply in a research report on Monday. Goldman Sachs Group Inc. set a $77.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a research report on Monday, September 12th. Zacks Investment Research cut shares of Tractor Supply from a “hold” rating to a “strong sell” rating in a research report on Friday, September 9th. BMO Capital Markets reiterated a “hold” rating and set a $74.00 price target (down from $98.00) on shares of Tractor Supply in a research report on Friday, September 9th. Finally, SunTrust Banks Inc. reduced their price target on shares of Tractor Supply from $102.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $89.63.
Shares of Tractor Supply (NASDAQ:TSCO) opened at 68.24 on Thursday. Tractor Supply has a 1-year low of $66.77 and a 1-year high of $97.25. The company has a market cap of $9.12 billion, a price-to-earnings ratio of 21.89 and a beta of 1.04. The stock has a 50 day moving average of $77.44 and a 200 day moving average of $88.34.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, July 20th. The company reported $1.16 earnings per share for the quarter, meeting the consensus estimate of $1.16. The company earned $1.85 billion during the quarter, compared to analyst estimates of $1.93 billion. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. Tractor Supply’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 EPS.
Institutional investors have recently modified their holdings of the stock. Palisade Capital Management LLC NJ increased its position in shares of Tractor Supply by 768.6% in the first quarter. Palisade Capital Management LLC NJ now owns 53,924 shares of the company’s stock valued at $4,878,000 after buying an additional 47,716 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of Tractor Supply during the first quarter valued at $2,386,000. BlackRock Institutional Trust Company N.A. increased its position in shares of Tractor Supply by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,430,901 shares of the company’s stock valued at $310,359,000 after buying an additional 15,671 shares during the last quarter. BlackRock Group LTD increased its position in shares of Tractor Supply by 0.4% in the first quarter. BlackRock Group LTD now owns 968,880 shares of the company’s stock valued at $87,644,000 after buying an additional 4,021 shares during the last quarter. Finally, Woodstock Corp increased its position in shares of Tractor Supply by 2.2% in the first quarter. Woodstock Corp now owns 23,860 shares of the company’s stock valued at $2,158,000 after buying an additional 525 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.
Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company operates in the retail sale of products that support the rural lifestyle segment. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.
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