Tractor Supply Company (TSCO) Announces Earnings Results
Tractor Supply Company (NASDAQ:TSCO) issued its quarterly earnings results on Wednesday. The specialty retailer reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by $0.02, Bloomberg Earnings reports. Tractor Supply had a net margin of 6.25% and a return on equity of 29.64%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the company earned $1.16 earnings per share. Tractor Supply’s revenue for the quarter was up 8.9% on a year-over-year basis.
Tractor Supply (TSCO) traded down 0.24% during midday trading on Wednesday, reaching $53.40. 3,383,805 shares of the company’s stock traded hands. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $92.11. The stock has a 50-day moving average of $53.39 and a 200 day moving average of $64.31. The company has a market cap of $6.87 billion, a P/E ratio of 16.49 and a beta of 1.32.
A number of analysts have weighed in on TSCO shares. TheStreet downgraded shares of Tractor Supply from a “b” rating to a “c+” rating in a report on Wednesday, April 12th. Robert W. Baird set a $80.00 price target on shares of Tractor Supply and gave the company a “buy” rating in a report on Wednesday, April 12th. BMO Capital Markets set a $57.00 price target on shares of Tractor Supply and gave the company a “hold” rating in a report on Tuesday, July 11th. Guggenheim reduced their price target on shares of Tractor Supply from $80.00 to $77.00 and set a “hold” rating for the company in a report on Monday, April 17th. Finally, J P Morgan Chase & Co downgraded shares of Tractor Supply from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $88.00 to $67.00 in a report on Wednesday, April 12th. Twenty research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $77.64.
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About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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