Tractor Supply (TSCO) Expected to Post Quarterly Sales of $1.68 Billion
Wall Street analysts expect that Tractor Supply (NASDAQ:TSCO) will post sales of $1.68 billion for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Tractor Supply’s earnings, with the highest sales estimate coming in at $1.72 billion and the lowest estimate coming in at $1.56 billion. Tractor Supply posted sales of $1.56 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.7%. The company is expected to issue its next earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Tractor Supply will report full-year sales of $1.68 billion for the current fiscal year, with estimates ranging from $7.26 billion to $7.76 billion. For the next year, analysts anticipate that the business will post sales of $8.18 billion per share, with estimates ranging from $8.09 billion to $8.25 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.94 EPS.
In other news, Director Edna Morris sold 1,054 shares of Tractor Supply stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $67.07, for a total value of $70,691.78. Following the completion of the sale, the director now owns 10,949 shares of the company’s stock, valued at $734,349.43. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Steve K. Barbarick sold 43,076 shares of Tractor Supply stock in a transaction on Monday, December 18th. The shares were sold at an average price of $69.03, for a total value of $2,973,536.28. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in Tractor Supply by 0.9% during the fourth quarter. BlackRock Inc. now owns 8,125,064 shares of the specialty retailer’s stock valued at $607,347,000 after acquiring an additional 68,965 shares during the period. Bank of New York Mellon Corp grew its position in Tractor Supply by 1.8% during the third quarter. Bank of New York Mellon Corp now owns 6,413,006 shares of the specialty retailer’s stock valued at $405,879,000 after acquiring an additional 114,539 shares during the period. Janus Henderson Group PLC grew its position in Tractor Supply by 138.6% during the third quarter. Janus Henderson Group PLC now owns 5,096,520 shares of the specialty retailer’s stock valued at $322,558,000 after acquiring an additional 2,960,119 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in Tractor Supply during the fourth quarter valued at about $139,359,000. Finally, Wells Fargo & Company MN grew its position in Tractor Supply by 10.8% during the third quarter. Wells Fargo & Company MN now owns 1,715,032 shares of the specialty retailer’s stock valued at $108,545,000 after acquiring an additional 167,097 shares during the period. 83.10% of the stock is owned by institutional investors and hedge funds.
Tractor Supply (TSCO) opened at $65.34 on Friday. The stock has a market capitalization of $8,175.14, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.20 and a beta of 1.27. Tractor Supply has a 1-year low of $49.87 and a 1-year high of $82.68. The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 0.31.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Friday, February 23rd. Tractor Supply’s dividend payout ratio is currently 32.73%.
About Tractor Supply
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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