$3.47 Billion in Sales Expected for Tractor Supply (NASDAQ:TSCO) This Quarter

Brokerages forecast that Tractor Supply (NASDAQ:TSCO) will report $3.47 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Tractor Supply’s earnings, with the highest sales estimate coming in at $3.54 billion and the lowest estimate coming in at $3.43 billion. Tractor Supply reported sales of $3.18 billion in the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The business is expected to issue its next quarterly earnings report on Thursday, July 22nd.

According to Zacks, analysts expect that Tractor Supply will report full-year sales of $11.62 billion for the current year, with estimates ranging from $11.27 billion to $11.91 billion. For the next financial year, analysts anticipate that the firm will post sales of $12.08 billion, with estimates ranging from $11.03 billion to $13.01 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Tractor Supply.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Wednesday, April 21st. The specialty retailer reported $1.55 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.56. Tractor Supply had a return on equity of 46.65% and a net margin of 7.62%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period last year, the business earned $0.71 EPS. The business’s revenue was up 39.7% on a year-over-year basis.

Several equities analysts have weighed in on the company. Telsey Advisory Group raised their price objective on Tractor Supply from $200.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, April 26th. Piper Sandler raised their price objective on Tractor Supply from $175.00 to $203.00 and gave the company an “overweight” rating in a research note on Monday, April 26th. Wells Fargo & Company raised their target price on Tractor Supply from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on Tractor Supply from $158.00 to $194.00 and gave the company a “neutral” rating in a research report on Monday, May 10th. Finally, Raymond James raised their target price on Tractor Supply from $175.00 to $215.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 29th. Eighteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Tractor Supply presently has a consensus rating of “Hold” and a consensus target price of $171.40.

Shares of NASDAQ:TSCO opened at $187.88 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $183.83 and its two-hundred day simple moving average is $157.53. Tractor Supply has a 1-year low of $106.76 and a 1-year high of $200.75. The stock has a market cap of $21.65 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 2.03 and a beta of 0.96.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 8th. Shareholders of record on Monday, May 24th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Friday, May 21st. Tractor Supply’s payout ratio is presently 44.44%.

In other Tractor Supply news, SVP Christi C. Korzekwa sold 3,585 shares of Tractor Supply stock in a transaction dated Wednesday, February 17th. The stock was sold at an average price of $165.00, for a total transaction of $591,525.00. Following the completion of the transaction, the senior vice president now owns 14,976 shares of the company’s stock, valued at approximately $2,471,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christi C. Korzekwa sold 8,836 shares of Tractor Supply stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $200.03, for a total value of $1,767,465.08. Following the transaction, the senior vice president now directly owns 16,391 shares of the company’s stock, valued at approximately $3,278,691.73. The disclosure for this sale can be found here. Insiders have sold a total of 21,899 shares of company stock valued at $4,130,135 in the last ninety days. Insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Tractor Supply during the 1st quarter valued at about $33,000. E Fund Management Co. Ltd. bought a new stake in shares of Tractor Supply during the 1st quarter valued at about $36,000. Perigon Wealth Management LLC bought a new stake in shares of Tractor Supply during the 4th quarter valued at about $29,000. Accel Wealth Management bought a new stake in shares of Tractor Supply during the 4th quarter valued at about $31,000. Finally, Carroll Financial Associates Inc. boosted its position in shares of Tractor Supply by 212.3% during the 1st quarter. Carroll Financial Associates Inc. now owns 228 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 88.26% of the company’s stock.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer 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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