Tractor Supply (TSCO) Set to Announce Quarterly Earnings on Wednesday

Tractor Supply (NASDAQ:TSCO) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, January 31st. Analysts expect the company to announce earnings of $0.85 per share for the quarter.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the company posted $0.67 earnings per share. Tractor Supply’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, analysts expect Tractor Supply to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Tractor Supply (NASDAQ:TSCO) opened at $81.04 on Wednesday. Tractor Supply has a twelve month low of $49.87 and a twelve month high of $82.68. The stock has a market capitalization of $10,180.00, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.00 and a quick ratio of 0.17.

In related news, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on TSCO. TheStreet raised Tractor Supply from a “c+” rating to a “b” rating in a research note on Wednesday, December 20th. Robert W. Baird set a $66.00 target price on Tractor Supply and gave the stock a “buy” rating in a research note on Thursday, October 26th. BidaskClub raised Tractor Supply from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research raised Tractor Supply from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Tuesday, December 26th. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Tractor Supply in a research note on Wednesday, January 3rd. Sixteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Tractor Supply has an average rating of “Hold” and an average target price of $69.40.

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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.

Earnings History for Tractor Supply (NASDAQ:TSCO)

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