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

Tractor Supply (NASDAQ:TSCO) is set to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $2.22 per share for the quarter. Tractor Supply has set its FY24 guidance at $10.00-$10.40 EPS and its FY 2024 guidance at 10.000-10.400 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $3.93 earnings per share for the quarter, hitting the consensus estimate of $3.93. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $3.83 EPS. On average, analysts expect Tractor Supply to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Tractor Supply Stock Down 1.0 %

Shares of Tractor Supply stock opened at $294.60 on Tuesday. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $307.64. The firm has a market capitalization of $31.78 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 3.74 and a beta of 0.80. The company has a quick ratio of 0.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average is $279.96 and its 200-day moving average is $272.17.

Tractor Supply Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Monday, August 26th. Tractor Supply’s dividend payout ratio is presently 42.43%.

Insider Buying and Selling

In other Tractor Supply news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Evercore ISI lowered shares of Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target on the stock. in a report on Thursday, October 3rd. Citigroup lowered Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Benchmark reaffirmed a “buy” rating and issued a $280.00 target price on shares of Tractor Supply in a research report on Monday. Loop Capital upped their price target on Tractor Supply from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company raised their price objective on Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $272.50.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.