Equities Analysts Offer Predictions for Tractor Supply Co.’s Q1 2017 Earnings (TSCO)
Tractor Supply Co. (NASDAQ:TSCO) – Stock analysts at Wedbush cut their Q1 2017 earnings per share estimates for shares of Tractor Supply in a research report issued to clients and investors on Friday. Wedbush analyst S. Basham now forecasts that the firm will post earnings of $0.55 per share for the quarter, down from their prior estimate of $0.56. Wedbush has a “Neutral” rating and a $72.00 price objective on the stock. Wedbush also issued estimates for Tractor Supply’s Q2 2017 earnings at $1.30 EPS.
TSCO has been the subject of a number of other research reports. Goldman Sachs Group Inc. set a $77.00 price objective on shares of Tractor Supply and gave the company a “hold” rating in a report on Monday, September 12th. Morgan Stanley reissued a “hold” rating and issued a $95.00 price objective on shares of Tractor Supply in a report on Tuesday, September 6th. SunTrust Banks Inc. dropped their price objective on shares of Tractor Supply from $102.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, September 8th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $80.00 price objective (down previously from $110.00) on shares of Tractor Supply in a report on Monday, September 26th. Finally, Nomura reissued a “buy” rating and issued a $105.00 price objective on shares of Tractor Supply in a report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Tractor Supply presently has a consensus rating of “Hold” and an average price target of $88.37.
Tractor Supply (NASDAQ:TSCO) opened at 67.03 on Monday. Tractor Supply has a 12 month low of $66.43 and a 12 month high of $97.25. The stock has a 50 day moving average of $76.35 and a 200-day moving average of $87.99. The stock has a market cap of $8.96 billion, a P/E ratio of 21.50 and a beta of 1.21.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.16. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the firm earned $1.12 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in TSCO. Vanguard Group Inc. raised its stake in Tractor Supply by 1.7% in the second quarter. Vanguard Group Inc. now owns 11,625,336 shares of the company’s stock worth $1,059,998,000 after buying an additional 189,876 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Tractor Supply by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,464,266 shares of the company’s stock worth $315,872,000 after buying an additional 33,365 shares during the last quarter. Fiera Capital Corp raised its stake in Tractor Supply by 12.1% in the second quarter. Fiera Capital Corp now owns 2,168,378 shares of the company’s stock worth $197,713,000 after buying an additional 234,205 shares during the last quarter. William Blair Investment Management LLC raised its stake in Tractor Supply by 54.3% in the second quarter. William Blair Investment Management LLC now owns 2,150,617 shares of the company’s stock worth $196,093,000 after buying an additional 756,716 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in Tractor Supply by 1.7% in the second quarter. BlackRock Fund Advisors now owns 2,147,173 shares of the company’s stock worth $195,779,000 after buying an additional 36,634 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.
About Tractor Supply
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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