Tractor Supply (TSCO) Projected to Post Quarterly Earnings on Thursday

Tractor Supply (NASDAQ:TSCO) is projected to release its earnings data before the market opens on Thursday, January 30th. Analysts expect Tractor Supply to post earnings of $2.28 per share and revenue of $3.79 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $57.38 on Wednesday. The stock’s 50-day simple moving average is $55.23 and its 200-day simple moving average is $55.22. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. The firm has a market capitalization of $30.65 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 3.31 and a beta of 0.84. Tractor Supply has a fifty-two week low of $44.35 and a fifty-two week high of $61.53.

Tractor Supply Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Monday, November 25th. Tractor Supply’s payout ratio is 42.80%.

Analyst Ratings Changes

TSCO has been the subject of several research analyst reports. Evercore ISI upgraded shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 15th. Benchmark raised their target price on shares of Tractor Supply from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. UBS Group upped their price target on shares of Tractor Supply from $54.40 to $56.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on shares of Tractor Supply from $52.00 to $58.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Finally, Barclays reduced their price objective on Tractor Supply from $262.00 to $52.00 and set an “equal weight” rating for the company in a research note on Monday, December 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $58.58.

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.