Q2 2018 EPS Estimates for Tractor Supply Company Lowered by Analyst (TSCO)
Tractor Supply Company (NASDAQ:TSCO) – Equities researchers at Wedbush reduced their Q2 2018 EPS estimates for shares of Tractor Supply in a research report issued on Tuesday. Wedbush analyst S. Basham now expects that the specialty retailer will post earnings of $1.36 per share for the quarter, down from their previous forecast of $1.42. Wedbush currently has a “Outperform” rating and a $72.00 target price on the stock. Wedbush also issued estimates for Tractor Supply’s Q3 2018 earnings at $0.74 EPS, Q4 2018 earnings at $0.95 EPS, FY2018 earnings at $3.58 EPS, FY2019 earnings at $3.99 EPS and FY2020 earnings at $4.45 EPS.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.02). Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the company posted $1.16 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year.
Other analysts also recently issued reports about the company. UBS AG downgraded Tractor Supply from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $62.00 to $67.00 in a research report on Monday. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Tractor Supply in a report on Thursday, July 27th. Robert W. Baird reissued a “buy” rating and issued a $66.00 price target on shares of Tractor Supply in a report on Wednesday. BidaskClub raised Tractor Supply from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Barclays PLC reissued an “overweight” rating and issued a $70.00 price target (down from $90.00) on shares of Tractor Supply in a report on Saturday, July 22nd. Sixteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $70.35.
Tractor Supply (NASDAQ TSCO) traded down 1.97% on Thursday, reaching $61.22. The company had a trading volume of 473,173 shares. The company has a market capitalization of $7.76 billion, a PE ratio of 18.50 and a beta of 1.30. The company’s 50-day moving average is $60.37 and its 200-day moving average is $59.02. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $78.25.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st were paid a dividend of $0.27 per share. The ex-dividend date was Thursday, August 17th. This represents a $1.08 annualized dividend and a yield of 1.73%. Tractor Supply’s dividend payout ratio is presently 32.53%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Cleararc Capital Inc. boosted its position in shares of Tractor Supply by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock worth $221,000 after buying an additional 29 shares during the period. New Amsterdam Partners LLC NY boosted its position in shares of Tractor Supply by 0.7% in the second quarter. New Amsterdam Partners LLC NY now owns 6,893 shares of the specialty retailer’s stock worth $374,000 after buying an additional 50 shares during the period. Mount Vernon Associates Inc. MD boosted its position in shares of Tractor Supply by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 17,380 shares of the specialty retailer’s stock worth $942,000 after buying an additional 75 shares during the period. Rothschild Asset Management Inc. boosted its position in shares of Tractor Supply by 1.1% in the first quarter. Rothschild Asset Management Inc. now owns 9,774 shares of the specialty retailer’s stock worth $674,000 after buying an additional 104 shares during the period. Finally, Mason Street Advisors LLC boosted its position in shares of Tractor Supply by 0.6% in the first quarter. Mason Street Advisors LLC now owns 18,065 shares of the specialty retailer’s stock worth $1,246,000 after buying an additional 111 shares during the period. 91.99% of the stock is owned by institutional investors.
Tractor Supply Company Profile
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.
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