Brokerages expect that Tractor Supply (NASDAQ:TSCO) will report $0.86 earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have made estimates for Tractor Supply’s earnings. The lowest EPS estimate is $0.84 and the highest is $0.87. Tractor Supply reported earnings per share of $0.72 in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.4%. The firm is expected to announce its next earnings report on Wednesday, October 24th.
On average, analysts expect that Tractor Supply will report full-year earnings of $4.18 per share for the current fiscal year, with EPS estimates ranging from $4.10 to $4.22. For the next year, analysts forecast that the firm will report earnings of $4.59 per share, with EPS estimates ranging from $4.44 to $4.76. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Tractor Supply.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, July 26th. The specialty retailer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Tractor Supply had a return on equity of 35.24% and a net margin of 6.34%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $1.25 earnings per share.
Shares of TSCO traded down $0.75 during trading hours on Friday, reaching $79.68. 13,999 shares of the company’s stock traded hands, compared to its average volume of 1,801,553. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.19 and a current ratio of 1.92. Tractor Supply has a twelve month low of $52.81 and a twelve month high of $82.68.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 11th. Investors of record on Monday, August 27th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Friday, August 24th. Tractor Supply’s payout ratio is currently 37.24%.
In related news, CMO Steve K. Barbarick sold 20,000 shares of Tractor Supply stock in a transaction dated Friday, July 20th. The stock was sold at an average price of $79.99, for a total value of $1,599,800.00. Following the transaction, the chief marketing officer now owns 76,953 shares of the company’s stock, valued at approximately $6,155,470.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Benjamin F. Parrish, Jr. sold 5,000 shares of Tractor Supply stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $82.00, for a total value of $410,000.00. Following the completion of the transaction, the executive vice president now directly owns 21,948 shares in the company, valued at approximately $1,799,736. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,146 shares of company stock worth $2,890,607. 1.60% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of TSCO. Centaurus Financial Inc. purchased a new position in Tractor Supply in the 1st quarter worth about $100,000. Piedmont Investment Advisors LLC purchased a new position in Tractor Supply in the 2nd quarter worth about $106,000. Qube Research & Technologies Ltd purchased a new position in Tractor Supply in the 2nd quarter worth about $130,000. Steward Partners Investment Advisory LLC increased its stake in Tractor Supply by 118.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,751 shares of the specialty retailer’s stock worth $134,000 after purchasing an additional 951 shares in the last quarter. Finally, NumerixS Investment Technologies Inc increased its stake in Tractor Supply by 58.3% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the specialty retailer’s stock worth $148,000 after purchasing an additional 700 shares in the last quarter. 79.10% 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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