Zacks: Brokerages Anticipate Tractor Supply (NASDAQ:TSCO) to Announce $1.05 EPS
Brokerages predict that Tractor Supply (NASDAQ:TSCO) will report earnings of $1.05 per share for the current quarter, according to Zacks. Eight analysts have made estimates for Tractor Supply’s earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $1.02. Tractor Supply posted earnings of $0.95 per share during the same quarter last year, which would suggest a positive year over year growth rate of 10.5%. The firm is expected to announce its next earnings results on Thursday, October 24th.
According to Zacks, analysts expect that Tractor Supply will report full-year earnings of $4.74 per share for the current fiscal year, with EPS estimates ranging from $4.70 to $4.80. For the next fiscal year, analysts expect that the business will report earnings of $5.28 per share, with EPS estimates ranging from $5.20 to $5.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.01). The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Tractor Supply had a return on equity of 36.12% and a net margin of 6.71%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the business posted $1.69 EPS.
Shares of Tractor Supply stock traded down $2.54 on Friday, hitting $103.85. The company had a trading volume of 844,800 shares, compared to its average volume of 1,317,161. Tractor Supply has a 52 week low of $78.67 and a 52 week high of $114.25. The company has a market cap of $12.23 billion, a PE ratio of 24.10, a PEG ratio of 1.92 and a beta of 1.10. The business has a 50-day simple moving average of $104.14 and a 200-day simple moving average of $102.60. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.52 and a quick ratio of 0.16.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.40 annualized dividend and a yield of 1.35%. Tractor Supply’s dividend payout ratio (DPR) is currently 32.48%.
In other news, SVP Chad Michael Frazell sold 17,857 shares of Tractor Supply stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $110.04, for a total value of $1,964,984.28. Following the transaction, the senior vice president now directly owns 31,004 shares in the company, valued at $3,411,680.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steve K. Barbarick sold 36,108 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $104.10, for a total value of $3,758,842.80. Following the transaction, the chief operating officer now directly owns 60,258 shares of the company’s stock, valued at approximately $6,272,857.80. The disclosure for this sale can be found here. Insiders have sold 64,933 shares of company stock valued at $6,865,486 in the last ninety days. Company insiders own 1.50% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Icon Wealth Partners LLC acquired a new stake in shares of Tractor Supply in the first quarter worth $27,000. CSat Investment Advisory L.P. raised its stake in Tractor Supply by 46.4% during the 2nd quarter. CSat Investment Advisory L.P. now owns 429 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 136 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in Tractor Supply by 255.9% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 484 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 348 shares during the last quarter. Pinnacle Financial Partners Inc. bought a new stake in Tractor Supply in the 1st quarter valued at $49,000. Finally, Quadrant Capital Group LLC grew its position in Tractor Supply by 241.8% in the 1st quarter. Quadrant Capital Group LLC now owns 523 shares of the specialty retailer’s stock worth $50,000 after purchasing an additional 370 shares during the last quarter. 82.96% of the stock is currently owned by hedge funds and other institutional investors.
Tractor Supply Company Profile
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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