Analysts Expect Tractor Supply (NASDAQ:TSCO) to Announce $1.62 Earnings Per Share

Wall Street brokerages predict that Tractor Supply (NASDAQ:TSCO) will report earnings of $1.62 per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Tractor Supply’s earnings, with estimates ranging from $1.33 to $1.77. Tractor Supply also posted earnings of $1.62 per share in the same quarter last year. The firm is expected to report its next quarterly earnings report on Thursday, October 28th.

According to Zacks, analysts expect that Tractor Supply will report full year earnings of $7.97 per share for the current financial year, with EPS estimates ranging from $7.25 to $8.24. For the next fiscal year, analysts expect that the business will report earnings of $8.05 per share, with EPS estimates ranging from $6.97 to $8.60. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Tractor Supply.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Sunday, July 18th. The specialty retailer reported $3.19 EPS for the quarter, topping the consensus estimate of $2.94 by $0.25. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Tractor Supply had a net margin of 7.39% and a return on equity of 49.01%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.90 EPS.

Several analysts have commented on the stock. Piper Sandler boosted their price target on shares of Tractor Supply from $210.00 to $218.00 and gave the stock an “overweight” rating in a research note on Thursday, July 15th. Zacks Investment Research cut shares of Tractor Supply from a “buy” rating to a “hold” rating and set a $214.00 price target on the stock. in a research note on Tuesday, September 14th. Benchmark assumed coverage on shares of Tractor Supply in a research report on Tuesday, August 3rd. They set a “buy” rating and a $219.00 target price on the stock. Telsey Advisory Group upped their target price on shares of Tractor Supply from $205.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday, July 16th. Finally, Morgan Stanley upped their target price on shares of Tractor Supply from $190.00 to $195.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 20th. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $193.73.

TSCO stock traded up $0.61 during mid-day trading on Friday, hitting $210.72. The company had a trading volume of 411,932 shares, compared to its average volume of 1,056,993. The company has a market capitalization of $24.09 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 2.66 and a beta of 1.03. Tractor Supply has a 12-month low of $127.78 and a 12-month high of $213.68. The company has a quick ratio of 0.76, a current ratio of 1.71 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $194.31 and a 200 day moving average price of $186.01.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 8th. Shareholders of record on Monday, August 23rd were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 20th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.99%. Tractor Supply’s dividend payout ratio is currently 30.28%.

In other news, CMO Jonathan S. Estep sold 3,786 shares of Tractor Supply stock in a transaction dated Friday, August 20th. The shares were sold at an average price of $198.00, for a total value of $749,628.00. Following the sale, the chief marketing officer now owns 9,455 shares in the company, valued at $1,872,090. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John P. Ordus sold 19,429 shares of Tractor Supply stock in a transaction dated Friday, September 10th. The shares were sold at an average price of $205.00, for a total transaction of $3,982,945.00. The disclosure for this sale can be found here. Insiders sold 26,742 shares of company stock worth $5,456,913 in the last quarter. Company insiders own 0.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in Tractor Supply by 0.4% during the second quarter. Bank of America Corp DE now owns 1,789,715 shares of the specialty retailer’s stock worth $332,995,000 after purchasing an additional 7,834 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of Tractor Supply by 3.9% during the second quarter. Parametric Portfolio Associates LLC now owns 510,552 shares of the specialty retailer’s stock valued at $94,993,000 after acquiring an additional 19,175 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG increased its position in shares of Tractor Supply by 24.7% during the second quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 6,603 shares of the specialty retailer’s stock valued at $1,228,000 after acquiring an additional 1,308 shares during the last quarter. Marshall Wace LLP increased its position in shares of Tractor Supply by 813.7% during the second quarter. Marshall Wace LLP now owns 69,644 shares of the specialty retailer’s stock valued at $12,958,000 after acquiring an additional 62,022 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Tractor Supply by 44.8% in the second quarter. Morgan Stanley now owns 775,999 shares of the specialty retailer’s stock valued at $144,381,000 after purchasing an additional 239,987 shares in the last quarter. Institutional investors and hedge funds own 86.68% of the company’s stock.

About Tractor Supply

Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.

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Earnings History and Estimates for Tractor Supply (NASDAQ:TSCO)

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