Wall Street brokerages expect Tractor Supply Company (NASDAQ:TSCO) to post sales of $1.68 billion for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Tractor Supply’s earnings. The lowest sales estimate is $1.66 billion and the highest is $1.71 billion. Tractor Supply posted sales of $1.54 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9.1%. The firm is expected to issue its next earnings results on Wednesday, October 18th.

According to Zacks, analysts expect that Tractor Supply will report full year sales of $1.68 billion for the current financial year, with estimates ranging from $7.17 billion to $7.24 billion. For the next year, analysts expect that the business will report sales of $7.63 billion per share, with estimates ranging from $7.17 billion to $7.82 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Tractor Supply.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the consensus estimate of $1.27 by $0.02. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $1.16 earnings per share.

A number of research analysts recently issued reports on the stock. UBS AG restated a “buy” rating and set a $75.00 target price (down from $86.00) on shares of Tractor Supply in a research report on Friday, April 28th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Tractor Supply in a research report on Thursday, July 27th. BMO Capital Markets boosted their target price on shares of Tractor Supply from $57.00 to $58.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. BidaskClub upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Deutsche Bank AG restated a “hold” rating and set a $54.00 target price (down from $69.00) on shares of Tractor Supply in a research report on Thursday, July 27th. Nineteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $74.91.

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Hedge funds have recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. boosted its stake in Tractor Supply by 37.5% in the second quarter. Tocqueville Asset Management L.P. now owns 27,500 shares of the specialty retailer’s stock worth $1,491,000 after buying an additional 7,500 shares in the last quarter. Thomas Story & Son LLC boosted its stake in Tractor Supply by 16.9% in the second quarter. Thomas Story & Son LLC now owns 94,213 shares of the specialty retailer’s stock worth $5,107,000 after buying an additional 13,635 shares in the last quarter. BB&T Securities LLC boosted its stake in Tractor Supply by 522.2% in the second quarter. BB&T Securities LLC now owns 60,012 shares of the specialty retailer’s stock worth $3,253,000 after buying an additional 50,367 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its stake in Tractor Supply by 143.0% in the second quarter. Douglass Winthrop Advisors LLC now owns 660,764 shares of the specialty retailer’s stock worth $35,820,000 after buying an additional 388,816 shares in the last quarter. Finally, Welch Capital Partners LLC NY boosted its stake in Tractor Supply by 16.0% in the second quarter. Welch Capital Partners LLC NY now owns 98,514 shares of the specialty retailer’s stock worth $5,340,000 after buying an additional 13,590 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Shares of Tractor Supply (NASDAQ TSCO) opened at 56.99 on Monday. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 17.22 and a beta of 1.32. The stock has a 50 day moving average price of $53.36 and a 200 day moving average price of $63.42. Tractor Supply has a 1-year low of $49.87 and a 1-year high of $87.57.

Tractor Supply Company Profile

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

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