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Tractor Supply Company (NASDAQ:TSCO) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.94-0.95 for the period, compared to the Thomson Reuters consensus estimate of $1.02, Analyst Ratings News reports. The company issued revenue guidance of $1.58 billion, compared to the consensus revenue estimate of $1.60 billion.

Several analysts have recently commented on the stock. Analysts at Morgan Stanley initiated coverage on shares of Tractor Supply Company in a research note on Tuesday, June 24th. They set an equal weight rating and a $70.00 price target on the stock. On a related note, analysts at Barclays reiterated an overweight rating on shares of Tractor Supply Company in a research note on Monday, June 16th. Finally, analysts at Argus downgraded shares of Tractor Supply Company from a buy rating to a hold rating in a research note on Tuesday, May 13th. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $89.64.

Shares of Tractor Supply Company (NASDAQ:TSCO) traded up 0.97% on Wednesday, hitting $61.38. The stock had a trading volume of 1,069,849 shares. Tractor Supply Company has a 52 week low of $58.025 and a 52 week high of $78.17. The stock has a 50-day moving average of $63.61 and a 200-day moving average of $68.24. The company has a market cap of $8.501 billion and a P/E ratio of 25.75.

Tractor Supply Company (NASDAQ:TSCO) last announced its earnings results on Wednesday, April 23rd. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts predict that Tractor Supply Company will post $2.62 earnings per share for the current fiscal year.

Tractor Supply Company is an operator of retail farm and ranch stores in the United States. It operates retail stores under the names Tractor Supply Company and Del’s Feed & Farm Supply and operates a Website under the name TractorSupply.

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