Tractor Supply (TSCO) to Release Quarterly Earnings on Thursday

Tractor Supply (NASDAQ:TSCO) is expected 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 $3,791,400.00 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Tractor Supply Trading Up 1.0 %

Shares of NASDAQ:TSCO opened at $57.47 on Thursday. The business has a 50-day moving average price of $55.02 and a 200-day moving average price of $55.06. The stock has a market cap of $30.70 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 3.09 and a beta of 0.84. Tractor Supply has a 52-week low of $44.35 and a 52-week high of $61.53. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81.

Tractor Supply Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Monday, November 25th. Tractor Supply’s dividend payout ratio is presently 42.72%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TSCO shares. Wells Fargo & Company cut their price objective on shares of Tractor Supply from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Barclays cut their price target on Tractor Supply from $262.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, December 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $67.00 price objective on shares of Tractor Supply in a report on Friday, December 6th. JPMorgan Chase & Co. raised their target price on Tractor Supply from $52.00 to $58.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, DA Davidson boosted their price target on Tractor Supply from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.01.

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.