Tractor Supply (TSCO) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Tractor Supply (NASDAQ:TSCO) issued its quarterly earnings results on Thursday. The specialty retailer reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08, MarketWatch Earnings reports. Tractor Supply had a return on equity of 35.24% and a net margin of 6.34%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.82 billion. Tractor Supply updated its FY 2018 guidance to $4.23-4.27 EPS.

NASDAQ:TSCO traded down $0.52 during mid-day trading on Friday, hitting $88.55. The company had a trading volume of 48,711 shares, compared to its average volume of 1,744,459. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.92 and a quick ratio of 0.19. Tractor Supply has a 1 year low of $54.76 and a 1 year high of $92.45. The firm has a market capitalization of $10.64 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 1.62 and a beta of 1.40.

TSCO has been the topic of several recent analyst reports. BidaskClub upgraded Tractor Supply from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Zacks Investment Research upgraded shares of Tractor Supply from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Thursday, June 28th. Wells Fargo & Co reiterated a “buy” rating on shares of Tractor Supply in a report on Thursday, July 26th. Stephens set a $93.00 price target on shares of Tractor Supply and gave the stock a “buy” rating in a research note on Friday, July 27th. Finally, ValuEngine raised shares of Tractor Supply from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Twelve analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $84.86.



In other news, CFO Kurt D. Barton sold 11,156 shares of Tractor Supply stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $86.74, for a total transaction of $967,671.44. Following the sale, the chief financial officer now owns 32,327 shares in the company, valued at $2,804,043.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 6,156 shares of Tractor Supply stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $84.50, for a total transaction of $520,182.00. Following the sale, the chief financial officer now owns 32,327 shares in the company, valued at approximately $2,731,631.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 204,530 shares of company stock worth $18,348,570. Company insiders own 1.60% of the company’s stock.

About Tractor Supply

Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.

Read More: The benefits and drawbacks of dollar cost averaging

Earnings History for Tractor Supply (NASDAQ:TSCO)

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply