Brokers Offer Predictions for Tractor Supply Company’s FY2017 Earnings (NASDAQ:TSCO)

Tractor Supply Company (NASDAQ:TSCO) – Investment analysts at Oppenheimer Holdings reduced their FY2017 earnings per share (EPS) estimates for shares of Tractor Supply in a note issued to investors on Thursday. Oppenheimer Holdings analyst B. Nagel now expects that the specialty retailer will earn $3.24 per share for the year, down from their prior forecast of $3.38. Oppenheimer Holdings has a “Hold” rating on the stock.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by $0.02. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.02 billion. Tractor Supply had a net margin of 6.16% and a return on equity of 30.56%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.16 EPS.

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Several other equities analysts also recently commented on TSCO. J P Morgan Chase & Co downgraded shares of Tractor Supply from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $88.00 to $67.00 in a research note on Wednesday, April 12th. Stephens downgraded shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective for the company. in a research note on Wednesday, April 12th. Zacks Investment Research downgraded shares of Tractor Supply from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Barclays PLC set a $90.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a research note on Wednesday, April 12th. Finally, Robert W. Baird set a $80.00 price objective on shares of Tractor Supply and gave the company a “buy” rating in a research note on Wednesday, April 12th. Nineteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Tractor Supply has a consensus rating of “Hold” and a consensus price target of $74.91.

Shares of Tractor Supply (TSCO) opened at 56.12 on Monday. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 16.96 and a beta of 1.32. Tractor Supply has a one year low of $49.87 and a one year high of $91.14. The company has a 50 day moving average of $53.40 and a 200-day moving average of $63.56.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Tractor Supply by 3.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,497 shares of the specialty retailer’s stock valued at $172,000 after buying an additional 91 shares in the last quarter. Dynamic Advisors Solutions LLC raised its position in shares of Tractor Supply by 3.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 3,065 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 100 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Tractor Supply during the first quarter valued at about $216,000. Gofen & Glossberg LLC IL raised its position in shares of Tractor Supply by 6.7% in the first quarter. Gofen & Glossberg LLC IL now owns 3,165 shares of the specialty retailer’s stock valued at $218,000 after buying an additional 200 shares in the last quarter. Finally, Cleararc Capital Inc. raised its position in shares of Tractor Supply by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the specialty retailer’s stock valued at $221,000 after buying an additional 29 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

About Tractor Supply

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.

Earnings History and Estimates for Tractor Supply (NASDAQ:TSCO)

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