Tractor Supply Co. (TSCO) to Release Quarterly Earnings on Wednesday
Tractor Supply Co. (NASDAQ:TSCO) is scheduled to be announcing its earnings results before the market opens on Wednesday, October 5th. Tractor Supply has set its FY16 guidance at $3.35-3.40 EPS.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, July 20th. The company reported $1.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.16. Tractor Supply had a net margin of 6.57% and a return on equity of 30.30%. The firm earned $1.85 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the firm earned $1.12 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts expect Tractor Supply to post $3.24 EPS for the current fiscal year and $3.63 EPS for the next fiscal year.
Shares of Tractor Supply Co. (NASDAQ:TSCO) opened at 67.03 on Tuesday. The company has a 50-day moving average of $76.35 and a 200 day moving average of $87.99. Tractor Supply Co. has a 12-month low of $66.43 and a 12-month high of $97.25. The firm has a market cap of $8.96 billion, a P/E ratio of 21.50 and a beta of 1.21.
Institutional investors have recently modified their holdings of the stock. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Tractor Supply by 12.4% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 20,901 shares of the company’s stock worth $1,906,000 after buying an additional 2,300 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Tractor Supply by 178.9% in the second quarter. Cubist Systematic Strategies LLC now owns 7,434 shares of the company’s stock worth $678,000 after buying an additional 4,769 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Tractor Supply by 785.8% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 162,990 shares of the company’s stock worth $14,862,000 after buying an additional 144,590 shares in the last quarter. Weiss Multi Strategy Advisers LLC acquired a new position in shares of Tractor Supply during the second quarter worth approximately $438,000. Finally, Panagora Asset Management Inc. increased its position in shares of Tractor Supply by 100.6% in the second quarter. Panagora Asset Management Inc. now owns 6,309 shares of the company’s stock worth $575,000 after buying an additional 3,164 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.
TSCO has been the topic of several research reports. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of Tractor Supply in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Morgan Stanley reiterated a “hold” rating and issued a $95.00 price target on shares of Tractor Supply in a research report on Tuesday, September 6th. Barclays PLC reiterated an “overweight” rating and issued a $90.00 price target on shares of Tractor Supply in a research report on Friday. Finally, Nomura reiterated a “buy” rating and issued a $105.00 price target on shares of Tractor Supply in a research report on Thursday, September 8th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. Tractor Supply currently has an average rating of “Hold” and a consensus target price of $88.37.
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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