Tractor Supply (TSCO) to Release Quarterly Earnings on Thursday

Tractor Supply (NASDAQ:TSCO) is expected to announce its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $2.28 per share and revenue of $3.79 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Tractor Supply Stock Performance

TSCO opened at $57.38 on Wednesday. The company has a market cap of $30.65 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 3.31 and a beta of 0.84. The firm’s fifty day simple moving average is $55.23 and its two-hundred day simple moving average is $55.22. 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 has a 52-week low of $44.35 and a 52-week high of $61.53.

Tractor Supply Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.88 annualized dividend and a yield of 1.53%. Tractor Supply’s dividend payout ratio (DPR) is currently 42.80%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Mizuho increased their price objective on Tractor Supply from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. DA Davidson increased their price objective on shares of Tractor Supply from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, October 25th. Gordon Haskett cut Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Bank of America increased their price target on Tractor Supply from $44.00 to $53.00 and gave the company an “underperform” rating in a report on Thursday, January 16th. Finally, Robert W. Baird set a $64.00 price objective on Tractor Supply in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.58.

About Tractor Supply

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.