Brokerages Anticipate Tractor Supply (TSCO) Will Announce Earnings of $1.81 Per Share
Brokerages predict that Tractor Supply (NASDAQ:TSCO) will announce earnings per share (EPS) of $1.81 for the current quarter, according to Zacks. Nine analysts have issued estimates for Tractor Supply’s earnings, with the lowest EPS estimate coming in at $1.78 and the highest estimate coming in at $1.82. Tractor Supply posted earnings per share of $1.69 in the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The business is scheduled to report its next quarterly earnings report on Thursday, July 25th.
According to Zacks, analysts expect that Tractor Supply will report full-year earnings of $4.76 per share for the current financial year, with EPS estimates ranging from $4.71 to $4.85. For the next year, analysts expect that the business will report earnings of $5.28 per share, with EPS estimates ranging from $5.20 to $5.43. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Tractor Supply had a return on equity of 36.16% and a net margin of 6.68%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS.
In other news, EVP Benjamin F. Parrish, Jr. sold 37,596 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $99.00, for a total value of $3,722,004.00. Following the completion of the transaction, the executive vice president now owns 26,549 shares of the company’s stock, valued at approximately $2,628,351. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory A. Sandfort sold 25,896 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $95.00, for a total value of $2,460,120.00. Following the completion of the transaction, the chief executive officer now directly owns 117,554 shares of the company’s stock, valued at approximately $11,167,630. The disclosure for this sale can be found here. In the last three months, insiders sold 375,062 shares of company stock valued at $37,903,170. Insiders own 1.50% of the company’s stock.
Several hedge funds have recently modified their holdings of TSCO. Bruderman Asset Management LLC purchased a new position in shares of Tractor Supply in the 4th quarter valued at about $25,000. Icon Wealth Partners LLC purchased a new position in shares of Tractor Supply in the 1st quarter valued at about $27,000. Rational Advisors LLC increased its stake in shares of Tractor Supply by 570.9% in the 4th quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 314 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in shares of Tractor Supply in the 4th quarter valued at about $31,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Tractor Supply in the 4th quarter valued at about $33,000. 83.54% of the stock is owned by institutional investors and hedge funds.
TSCO traded up $0.59 on Wednesday, reaching $101.27. 1,386,061 shares of the stock were exchanged, compared to its average volume of 1,448,526. Tractor Supply has a fifty-two week low of $72.35 and a fifty-two week high of $107.98. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.15 and a current ratio of 1.58. The stock has a market cap of $12.15 billion, a P/E ratio of 23.50, a P/E/G ratio of 1.86 and a beta of 1.11.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, May 24th. This is a boost from Tractor Supply’s previous quarterly dividend of $0.31. Tractor Supply’s payout ratio is 28.77%.
About Tractor Supply
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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