Tractor Supply Company (NASDAQ:TSCO) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.25-$3.29 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.25. The company issued revenue guidance of $7.17-$7.22 billion, compared to the consensus revenue estimate of $7.20 billion.
Shares of Tractor Supply Company (NASDAQ:TSCO) traded down 0.65% during mid-day trading on Wednesday, hitting $57.92. The company had a trading volume of 4,453,581 shares. The company has a market capitalization of $7.34 billion, a PE ratio of 17.50 and a beta of 1.30. Tractor Supply Company has a one year low of $49.87 and a one year high of $78.25. The company’s 50-day moving average is $60.85 and its 200 day moving average is $57.96.
Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. On average, equities research analysts forecast that Tractor Supply Company will post $3.25 EPS for the current fiscal year.
Several equities analysts recently commented on the company. Loop Capital set a $55.00 target price on Tractor Supply and gave the stock a hold rating in a research report on Wednesday. Oppenheimer Holdings, Inc. restated a hold rating on shares of Tractor Supply in a research report on Thursday, July 27th. UBS AG cut Tractor Supply from a buy rating to a neutral rating and boosted their target price for the stock from $62.00 to $67.00 in a research report on Monday, October 2nd. Guggenheim restated a buy rating and set a $70.00 target price (down from $80.00) on shares of Tractor Supply in a research report on Thursday, July 27th. Finally, Robert W. Baird set a $62.00 target price on Tractor Supply and gave the stock a buy rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $68.95.
Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.