Tractor Supply Company to Post Q1 2018 Earnings of $0.53 Per Share, Wedbush Forecasts (TSCO)
Tractor Supply Company (NASDAQ:TSCO) – Equities researchers at Wedbush increased their Q1 2018 EPS estimates for Tractor Supply in a report issued on Tuesday. Wedbush analyst S. Basham now forecasts that the specialty retailer will earn $0.53 per share for the quarter, up from their prior estimate of $0.52. Wedbush has a “Outperform” rating and a $72.00 price objective on the stock.
Other analysts have also issued research reports about the company. BidaskClub lowered Tractor Supply from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Telsey Advisory Group reduced their price objective on shares of Tractor Supply from $83.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, July 6th. BMO Capital Markets set a $57.00 price objective on shares of Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Barclays PLC reissued an “overweight” rating and issued a $70.00 price objective (down previously from $90.00) on shares of Tractor Supply in a research note on Saturday, July 22nd. Finally, Piper Jaffray Companies set a $55.00 price target on Tractor Supply and gave the stock a “hold” rating in a research report on Tuesday, July 25th. Sixteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $70.35.
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Tractor Supply (NASDAQ TSCO) traded down 1.6328% on Friday, reaching $61.4303. The company’s stock had a trading volume of 272,160 shares. The company has a market capitalization of $7.78 billion, a PE ratio of 18.5646 and a beta of 1.30. Tractor Supply has a one year low of $49.87 and a one year high of $78.25. The firm has a 50-day moving average of $60.37 and a 200-day moving average of $59.02.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.02). The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 EPS.
Hedge funds have recently added to or reduced their stakes in the business. Commonwealth Bank of Australia raised its holdings in Tractor Supply by 15.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,377 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 317 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in Tractor Supply in the 2nd quarter valued at about $139,000. Bronfman E.L. Rothschild L.P. raised its holdings in Tractor Supply by 33.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,325 shares of the specialty retailer’s stock valued at $180,000 after acquiring an additional 828 shares during the last quarter. Globeflex Capital L P acquired a new stake in Tractor Supply in the 2nd quarter valued at about $206,000. Finally, Koch Industries Inc. acquired a new stake in Tractor Supply in the 1st quarter valued at about $216,000. Institutional investors own 91.99% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 21st were issued a $0.27 dividend. The ex-dividend date was Thursday, August 17th. This represents a $1.08 dividend on an annualized basis and a yield of 1.73%. Tractor Supply’s payout ratio is 32.53%.
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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