Tractor Supply Company (TSCO) Releases Earnings Results, Beats Expectations By $0.01 EPS

Tractor Supply Company (TSCO) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. TSCO said it had a profit of $0.67 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.66. The company posted revenue of $1542.00 million in the period, compared to analysts expectations of $1544.40 million. TSCO’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on Tractor Supply Company. Shares were Downgraded by Wedbush on Sep 8, 2016 to ” Neutral” and Lowered the Price Target to $ 72 from a previous price target of $96 .Shares were Reiterated by UBS on Sep 8, 2016 to “Buy” and Lowered the Price Target to $ 88 from a previous price target of $102 .Tractor Supply Company was Downgraded by Piper Jaffray to ” Neutral” on Sep 8, 2016.

Tractor Supply Company closed down -0.12 points or -0.18% at $67.26 with 18,03,506 shares getting traded on Friday. Post opening the session at $68.14, the shares hit an intraday low of $66.78 and an intraday high of $68.34 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 1, 2016, Anthony F Crudele (EVP Chief Financial Officer) sold 18,894 shares at $96.16 per share price. According to the SEC, on Jun 1, 2016, Steve K Barbarick (President & CMO) sold 11,250 shares at $96.59 per share price. On Apr 25, 2016, Benjamin F Jr Parrish (EVP General Counsel) sold 5,276 shares at $97.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers as well as tradesmen and small businesses. As of December 27 2014 it operated 1382 retail stores in 49 states under the names Tractor Supply Company Del’s Feed & Farm Supply and HomeTown Pet. It also operates a Website under the name TractorSupply.com. It offers a portfolio of products which include equine livestock pet and small animal products; hardware truck towing and tool products; seasonal products including lawn and garden items power equipment gifts and toys; work/recreational clothing and footwear and maintenance products for agricultural and rural use. Its products are offered under various brands which include 4health Blue Mountain Countyline Equistages Groundwork Huskee JobSmart Dumor C.E. Schmidt Paws & Claws Producer’s Pride and Redstone among others.

Tractor Supply Company

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