Tractor Supply (TSCO) Expected to Announce Quarterly Earnings on Thursday

Tractor Supply (NASDAQ:TSCO - Get Free Report) is expected to be issuing its quarterly earnings data 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. Parties interested in participating in the company's conference call can do so using this link.

Tractor Supply Stock Performance

Tractor Supply stock traded down $0.55 during midday trading on Tuesday, reaching $57.38. 4,134,943 shares of the stock traded hands, compared to its average volume of 5,023,805. Tractor Supply has a fifty-two week low of $44.35 and a fifty-two week high of $61.53. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. The firm 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 has a fifty day moving average price of $55.23 and a two-hundred day moving average price of $55.22.

Tractor Supply Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were given a dividend of $0.22 per share. The ex-dividend date was Monday, November 25th. This represents a $0.88 annualized dividend and a dividend yield of 1.53%. Tractor Supply's dividend payout ratio is presently 42.80%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Tractor Supply from $52.00 to $58.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Gordon Haskett downgraded shares of Tractor Supply from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, October 24th. Truist Financial lowered their target price on shares of Tractor Supply from $65.00 to $63.40 and set a "buy" rating on the stock in a research note on Friday, October 25th. Evercore ISI raised shares of Tractor Supply from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 15th. Finally, Barclays lowered their price objective on shares of Tractor Supply from $262.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Monday, December 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.