Tractor Supply Company (NASDAQ:TSCO) is expected to report second quarter earnings results, before market open, on Thursday 23rd July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 2.46 per share.
Looking ahead, the full year income are expected at $ 5.48 per share on the revenues of $ 9374.64 million.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 2,919.00 million ~ $ 3,037.00 million
Full Year 2020 topline are forecasted in a range of$ 8,750.00 million ~ $ 8,900.00 million, where as bottomline are predicted in a range of $ 4.90 ~ $ 5.10 per share
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Previous Quarter Performance
Tractor Supply Company disclosed income for the first quarter of $ 0.71 per share, from the revenue of $ 1,959.00 million. The quarterly earnings escalated 12.70 percent while revenues swell 7.51 percent compared with the same quarter last year.
Wall street analysts are predicting, TSCO to report 1Q20 income of $ 0.70 per share from revenue of $ 1950.68 million. The bottom line results beat street analysts by $ 0.01 or 1.43 percent, at the same time, top line results outshined analysts by $ 8.32 million or 0.43 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TSCO was $ 145.95, representing a 128.44 % increase from the 52 week low of $ 63.89 and a 0.3 % decrease over the 52 week high of $ 146.39.
The company has a market capital of $ 16.88 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
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Recent Analyst recommendations
On 8th July 2020, maintained by Morgan Stanley at Overweight rating, with $ 145.00 target price.
On 24th June 2020, maintained by Bank of America at Buy rating, with $ 140.00 target price.
On 2nd June 2020, downgraded by Goldman Sachs Group to Neutral from Buy rating, with $ 122.00 target price.
On 28th May 2020, maintained by Morgan Stanley at Overweight rating, with $ 125.00 target price.
On 27th May 2020, maintained by Guggenheim at Buy rating, with $ 125.00 target price.
Recent Stock Dividend Announcement
On May 7, 2020, the board of directors authorized quarterly dividend of $ 0.35 per share to holders of record as of the close of business on May 26, 2020, with payment date of June 9, 2020 and ex-dividend date on May 22, 2020.
Conference Call
Tractor Supply Company will be hosting a conference call at 10:00 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.tractorsupply.com
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use. As of December 29, 2018, it operated 1,940 retail stores in 49 states.
