Zacks: Brokerages Anticipate Tractor Supply (NASDAQ:TSCO) to Announce $1.05 EPS

Analysts expect that Tractor Supply (NASDAQ:TSCO) will post earnings per share (EPS) of $1.05 for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Tractor Supply’s earnings. The lowest EPS estimate is $1.02 and the highest is $1.08. Tractor Supply posted earnings per share of $0.95 during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.5%. The company is expected to announce its next earnings report on Thursday, October 24th.

On average, analysts expect that Tractor Supply will report full-year earnings of $4.74 per share for the current year, with EPS estimates ranging from $4.70 to $4.80. For the next financial year, analysts expect that the business will post earnings of $5.28 per share, with EPS estimates ranging from $5.20 to $5.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Tractor Supply.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Thursday, July 25th. The specialty retailer reported $1.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.01). The firm had revenue of $2.35 billion for 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 business’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $1.69 EPS.

A number of research firms recently weighed in on TSCO. Barclays upped their target price on shares of Tractor Supply from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, May 16th. BidaskClub raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Northcoast Research lowered shares of Tractor Supply from a “buy” rating to a “neutral” rating in a report on Wednesday, July 3rd. ValuEngine lowered shares of Tractor Supply from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $113.00 price target (up previously from $103.00) on shares of Tractor Supply in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $107.82.

Tractor Supply stock traded up $0.13 during midday trading on Thursday, reaching $101.45. 731,681 shares of the stock were exchanged, compared to its average volume of 1,313,629. The company’s fifty day moving average is $108.21 and its 200-day moving average is $101.84. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.16 and a current ratio of 1.52. The firm has a market cap of $12.07 billion, a PE ratio of 23.54, a PEG ratio of 1.90 and a beta of 1.10. Tractor Supply has a 52 week low of $78.67 and a 52 week high of $114.25.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be paid a $0.35 dividend. The ex-dividend date is Friday, August 23rd. This represents a $1.40 annualized dividend and a dividend yield of 1.38%. Tractor Supply’s payout ratio is 32.48%.

In related news, COO Steve K. Barbarick sold 36,108 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $104.10, for a total value of $3,758,842.80. Following the completion of the transaction, the chief operating officer now directly owns 60,258 shares in the company, valued at approximately $6,272,857.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Chad Michael Frazell sold 17,857 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $110.04, for a total transaction of $1,964,984.28. Following the completion of the transaction, the senior vice president now owns 31,004 shares of the company’s stock, valued at $3,411,680.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,933 shares of company stock valued at $6,865,486. 1.50% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Charter Trust Co. increased its stake in Tractor Supply by 28.6% during the 1st quarter. Charter Trust Co. now owns 5,181 shares of the specialty retailer’s stock valued at $506,000 after purchasing an additional 1,153 shares in the last quarter. Foothills Asset Management Ltd. bought a new stake in Tractor Supply during the 1st quarter valued at about $2,234,000. Catalyst Capital Advisors LLC bought a new stake in Tractor Supply during the 1st quarter valued at about $1,026,000. Cerebellum GP LLC increased its stake in Tractor Supply by 12.0% during the 1st quarter. Cerebellum GP LLC now owns 3,461 shares of the specialty retailer’s stock valued at $338,000 after purchasing an additional 372 shares in the last quarter. Finally, Creative Planning increased its stake in Tractor Supply by 15.0% during the 2nd quarter. Creative Planning now owns 11,931 shares of the specialty retailer’s stock valued at $1,298,000 after purchasing an additional 1,556 shares in the last quarter. Institutional investors own 83.27% of the company’s stock.

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

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