Tractor Supply (NASDAQ:TSCO – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 9.850-10.500 for the period, compared to the consensus estimate of 10.230. The company issued revenue guidance of $14.7 billion-$15.1 billion, compared to the consensus revenue estimate of $15.0 billion. Tractor Supply also updated its FY24 guidance to $9.85-10.50 EPS.
Tractor Supply Trading Up 3.3 %
Shares of NASDAQ:TSCO traded up $8.64 during mid-day trading on Friday, reaching $273.90. 1,599,523 shares of the company’s stock were exchanged, compared to its average volume of 1,172,440. The firm has a market capitalization of $29.56 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 3.88 and a beta of 0.84. The business’s fifty day moving average price is $252.44 and its 200-day moving average price is $226.59. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.28 and a current ratio of 1.50. Tractor Supply has a twelve month low of $185.00 and a twelve month high of $274.66.
Tractor Supply (NASDAQ:TSCO – Get Free Report) last released its earnings results on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.13. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.40 billion. Tractor Supply had a net margin of 7.61% and a return on equity of 53.60%. Tractor Supply’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 earnings per share. On average, research analysts predict that Tractor Supply will post 10.2 EPS for the current fiscal year.
Tractor Supply Increases Dividend
Wall Street Analyst Weigh In
TSCO has been the subject of several research analyst reports. TD Cowen lifted their price target on shares of Tractor Supply from $250.00 to $270.00 and gave the company a buy rating in a research note on Friday. Truist Financial boosted their target price on shares of Tractor Supply from $277.00 to $289.00 and gave the stock a buy rating in a research report on Friday. Wells Fargo & Company boosted their target price on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an overweight rating in a research report on Monday, March 25th. Evercore ISI boosted their target price on shares of Tractor Supply from $275.00 to $280.00 and gave the stock an outperform rating in a research report on Friday. Finally, Stephens downgraded shares of Tractor Supply from an overweight rating to an equal weight rating and boosted their target price for the stock from $226.00 to $240.00 in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $248.17.
View Our Latest Report on Tractor Supply
Insider Activity at Tractor Supply
In other Tractor Supply news, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total transaction of $4,775,065.00. Following the transaction, the chief executive officer now directly owns 95,192 shares of the company’s stock, valued at $22,173,072.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Harry A. Lawton III sold 20,500 shares of Tractor Supply stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $232.93, for a total value of $4,775,065.00. Following the transaction, the chief executive officer now directly owns 95,192 shares of the company’s stock, valued at $22,173,072.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew L. Rubin sold 725 shares of Tractor Supply stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $238.09, for a total transaction of $172,615.25. Following the completion of the transaction, the senior vice president now directly owns 5,710 shares in the company, valued at $1,359,493.90. The disclosure for this sale can be found here. Insiders have sold 90,090 shares of company stock valued at $21,201,877 over the last three months. 0.24% of the stock is owned by corporate insiders.
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.
Featured Stories
- Five stocks we like better than Tractor Supply
- Roth IRA Calculator: Calculate Your Potential Returns
- 3 Stocks Leading the U.S. Agriculture Comeback
- What is a Dividend King?
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Stock Market Sectors: What Are They and How Many Are There?
- Alphabet Changes the Narrative with Its First-Ever Dividend
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.