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.
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