Tractor Supply (TSCO) Scheduled to Post Earnings on Thursday

Tractor Supply (NASDAQ:TSCO) will post its quarterly earnings results 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 interested in participating in the company’s earnings conference call can do so using this link.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.06. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the prior year, the company earned $2.43 EPS. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. 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 1.0 %

TSCO opened at $255.96 on Wednesday. Tractor Supply has a fifty-two week low of $185.00 and a fifty-two week 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. The firm has a market capitalization of $27.63 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 3.80 and a beta of 0.84. The company’s 50 day moving average price is $250.69 and its two-hundred day moving average price is $225.60.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, February 23rd. This is a positive change from Tractor Supply’s previous quarterly dividend of $1.03. This represents a $4.40 annualized dividend and a yield of 1.72%. Tractor Supply’s dividend payout ratio is currently 43.61%.

Insiders Place Their Bets

In other news, EVP Robert D. Mills sold 48,334 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the transaction, the executive vice president now directly owns 22,167 shares in the company, valued at approximately $5,147,842.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Tractor Supply news, EVP Colin Yankee sold 8,675 shares of Tractor Supply stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the completion of the transaction, the executive vice president now owns 9,673 shares of the company’s stock, valued at $2,418,250. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robert D. Mills sold 48,334 shares of Tractor Supply stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $232.23, for a total transaction of $11,224,604.82. Following the completion of the transaction, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $5,147,842.41. The disclosure for this sale can be found here. Insiders have sold 90,090 shares of company stock valued at $21,201,877 in the last ninety days. Insiders own 0.58% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Truist Financial increased their target price on shares of Tractor Supply from $256.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Morgan Stanley restated an “underweight” rating and issued a $195.00 price objective on shares of Tractor Supply in a research report on Tuesday, January 16th. Raymond James downgraded shares of Tractor Supply from a “strong-buy” rating to an “outperform” rating and raised their target price for the company from $230.00 to $250.00 in a research note on Friday, February 2nd. Wedbush reaffirmed a “neutral” rating and issued a $235.00 target price on shares of Tractor Supply in a research note on Tuesday. Finally, Evercore ISI decreased their price target on shares of Tractor Supply from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.