$2.17 Billion in Sales Expected for Tractor Supply (TSCO) This Quarter

Brokerages predict that Tractor Supply (NASDAQ:TSCO) will report $2.17 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Tractor Supply’s earnings. The highest sales estimate is $2.18 billion and the lowest is $2.16 billion. Tractor Supply posted sales of $2.02 billion in the same quarter last year, which would indicate a positive year over year growth rate of 7.4%. The firm is expected to issue its next earnings report on Wednesday, July 25th.

On average, analysts expect that Tractor Supply will report full-year sales of $7.72 billion for the current financial year, with estimates ranging from $7.68 billion to $7.78 billion. For the next year, analysts expect that the business will post sales of $8.20 billion per share, with estimates ranging from $8.07 billion to $8.37 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 Thursday, April 26th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Tractor Supply had a net margin of 5.88% and a return on equity of 31.99%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share.

Several research firms have issued reports on TSCO. Wedbush restated a “hold” rating and issued a $69.00 price target (down previously from $80.00) on shares of Tractor Supply in a research report on Wednesday, February 21st. Telsey Advisory Group restated a “market perform” rating and issued a $76.00 price target (down previously from $83.00) on shares of Tractor Supply in a research report on Thursday, February 1st. Oppenheimer restated a “hold” rating on shares of Tractor Supply in a research report on Thursday, February 1st. Royal Bank of Canada lifted their price target on shares of Tractor Supply to $74.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. Finally, BidaskClub upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Friday, April 27th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $72.90.

Tractor Supply stock traded up $0.65 during mid-day trading on Friday, hitting $74.34. The company’s stock had a trading volume of 1,468,500 shares, compared to its average volume of 1,978,396. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.96. The firm has a market cap of $9.12 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 1.36 and a beta of 1.27. Tractor Supply has a twelve month low of $49.87 and a twelve month high of $82.68.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 29th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, May 25th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.67%. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.27. Tractor Supply’s dividend payout ratio (DPR) is 32.43%.

Large investors have recently modified their holdings of the business. Two Sigma Advisers LP boosted its stake in shares of Tractor Supply by 1.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,648,477 shares of the specialty retailer’s stock valued at $123,224,000 after buying an additional 25,613 shares during the period. Covington Capital Management increased its stake in Tractor Supply by 47.7% in the fourth quarter. Covington Capital Management now owns 22,309 shares of the specialty retailer’s stock valued at $1,668,000 after acquiring an additional 7,200 shares during the period. Sei Investments Co. increased its stake in Tractor Supply by 23.4% in the fourth quarter. Sei Investments Co. now owns 83,162 shares of the specialty retailer’s stock valued at $6,216,000 after acquiring an additional 15,747 shares during the period. Ontario Teachers Pension Plan Board increased its stake in Tractor Supply by 93.7% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 38,512 shares of the specialty retailer’s stock valued at $2,879,000 after acquiring an additional 18,625 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new stake in Tractor Supply in the fourth quarter valued at about $852,000. 80.51% of the stock is owned by institutional investors.

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.

Get a free copy of the Zacks research report on Tractor Supply (TSCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply