Tractor Supply (NASDAQ:TSCO) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Tractor Supply (NASDAQ:TSCO) posted its quarterly earnings results on Thursday. The specialty retailer reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02, Zacks reports. Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the firm posted $0.49 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year.

Tractor Supply Price Performance

Shares of TSCO opened at $32.69 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.23 and a current ratio of 1.33. The company has a 50 day moving average price of $33.58 and a 200-day moving average price of $33.47. Tractor Supply has a fifty-two week low of $28.36 and a fifty-two week high of $58.21. The stock has a market capitalization of $17.14 billion, a PE ratio of 17.03, a PEG ratio of 2.12 and a beta of 0.52.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, August 24th. Tractor Supply’s dividend payout ratio is presently 50.00%.

Insider Activity at Tractor Supply

In other Tractor Supply news, Director Edna Morris acquired 1,560 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average cost of $32.44 per share, with a total value of $50,606.40. Following the completion of the acquisition, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This represents a 0.56% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andre Hawaux acquired 3,150 shares of Tractor Supply stock in a transaction that occurred on Monday, August 3rd. The stock was acquired at an average cost of $31.83 per share, with a total value of $100,264.50. Following the purchase, the director directly owned 3,150 shares of the company’s stock, valued at $100,264.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 20,310 shares of company stock valued at $652,411 over the last ninety days. 0.64% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley reissued a “negative” rating and issued a $35.00 price objective on shares of Tractor Supply in a research report on Friday, July 24th. Wall Street Zen lowered shares of Tractor Supply from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Telsey Advisory Group decreased their price target on shares of Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. Guggenheim set a $40.00 price objective on Tractor Supply and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Citigroup reaffirmed a “buy” rating and set a $38.00 target price (up from $37.00) on shares of Tractor Supply in a research report on Tuesday, October 13th. Thirteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.00.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.