Tractor Supply (TSCO) Set to Announce Earnings on Thursday

Tractor Supply (NASDAQ:TSCO) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Tractor Supply to post earnings of $1.70 per share for the quarter. Tractor Supply has set its FY24 guidance at $9.85-10.50 EPS and its FY 2024 guidance at 9.850-10.500 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.06. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The company’s revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.43 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 Trading Up 0.2 %

Shares of Tractor Supply stock opened at $253.38 on Tuesday. The company’s fifty day simple moving average is $250.24 and its 200-day simple moving average is $225.24. The stock has a market capitalization of $27.35 billion, a PE ratio of 25.11, a P/E/G ratio of 3.80 and a beta of 0.84. Tractor Supply has a 1-year low of $185.00 and a 1-year high of $268.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.28.

Tractor Supply Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from Tractor Supply’s previous quarterly dividend of $1.03. Tractor Supply’s dividend payout ratio (DPR) is currently 43.61%.

Insider Transactions at Tractor Supply

In other news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the sale, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Robert D. Mills sold 48,334 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total value of $11,224,604.82. Following the sale, the executive vice president now directly owns 22,167 shares in the company, valued at approximately $5,147,842.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the sale, the chief financial officer now owns 20,678 shares in the company, valued at $5,314,246. The disclosure for this sale can be found here. Insiders have sold a total of 90,090 shares of company stock worth $21,201,877 in the last three months. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TSCO. Mizuho assumed coverage on shares of Tractor Supply in a research note on Tuesday, March 19th. They set a “neutral” rating and a $245.00 price target on the stock. The Goldman Sachs Group lifted their target price on shares of Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Barclays lifted their target price on shares of Tractor Supply from $192.00 to $234.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Telsey Advisory Group lifted their target price on shares of Tractor Supply from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Guggenheim lifted their target price on shares of Tractor Supply from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $241.65.

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.