Analysts Expect Tractor Supply (NASDAQ:TSCO) to Post $1.39 EPS

Equities research analysts expect Tractor Supply (NASDAQ:TSCO) to report $1.39 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Tractor Supply’s earnings. The highest EPS estimate is $1.54 and the lowest is $1.29. Tractor Supply posted earnings of $1.55 per share during the same quarter last year, which would indicate a negative year over year growth rate of 10.3%. The firm is scheduled to issue its next earnings results on Thursday, April 28th.

On average, analysts expect that Tractor Supply will report full year earnings of $9.15 per share for the current year, with EPS estimates ranging from $7.17 to $9.50. For the next financial year, analysts anticipate that the business will report earnings of $10.07 per share, with EPS estimates ranging from $8.03 to $10.45. 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 issued its quarterly earnings data on Thursday, January 27th. The specialty retailer reported $1.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.08. The company had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.23 billion. Tractor Supply had a net margin of 7.83% and a return on equity of 50.77%. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.64 earnings per share.

A number of brokerages recently weighed in on TSCO. Truist Financial initiated coverage on shares of Tractor Supply in a research report on Thursday, January 13th. They set a “buy” rating and a $270.00 price objective on the stock. Robert W. Baird increased their price target on shares of Tractor Supply from $210.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, October 22nd. Raymond James increased their price target on shares of Tractor Supply from $215.00 to $245.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 22nd. Telsey Advisory Group increased their price target on shares of Tractor Supply from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, January 28th. Finally, Loop Capital increased their price target on shares of Tractor Supply from $200.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, October 22nd. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $226.33.

Shares of Tractor Supply stock opened at $219.44 on Friday. The company has a market cap of $24.98 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 2.28 and a beta of 0.91. The company’s 50 day moving average is $225.37 and its 200 day moving average is $212.45. Tractor Supply has a twelve month low of $148.43 and a twelve month high of $239.86. The company has a quick ratio of 0.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.51.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 8th. Stockholders of record on Monday, February 21st will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, February 17th. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.52. Tractor Supply’s dividend payout ratio (DPR) is 24.13%.

In related news, EVP Colin Yankee sold 2,323 shares of Tractor Supply stock in a transaction dated Thursday, February 3rd. The shares were sold at an average price of $219.42, for a total transaction of $509,712.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Harry A. Lawton III sold 20,049 shares of the firm’s stock in a transaction dated Thursday, February 10th. The shares were sold at an average price of $222.35, for a total transaction of $4,457,895.15. The disclosure for this sale can be found here. Insiders sold a total of 33,853 shares of company stock valued at $7,501,823 in the last 90 days. Company insiders own 0.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Thomasville National Bank increased its position in Tractor Supply by 2.7% during the 3rd quarter. Thomasville National Bank now owns 2,003 shares of the specialty retailer’s stock valued at $406,000 after purchasing an additional 53 shares during the period. Liberty Capital Management Inc. increased its position in Tractor Supply by 1.1% during the 3rd quarter. Liberty Capital Management Inc. now owns 4,905 shares of the specialty retailer’s stock valued at $994,000 after purchasing an additional 55 shares during the period. RE Advisers Corp increased its position in Tractor Supply by 31.0% during the 4th quarter. RE Advisers Corp now owns 241 shares of the specialty retailer’s stock valued at $58,000 after purchasing an additional 57 shares during the period. Knowledge Leaders Capital LLC increased its position in Tractor Supply by 0.6% during the 3rd quarter. Knowledge Leaders Capital LLC now owns 10,462 shares of the specialty retailer’s stock valued at $2,120,000 after purchasing an additional 58 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in Tractor Supply by 5.1% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,242 shares of the specialty retailer’s stock valued at $252,000 after purchasing an additional 60 shares during the period. 84.65% of the stock is currently owned by institutional investors and hedge funds.

About Tractor Supply

Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.

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