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Price Action News

  • 1/12/2014 - TSCO has exceed 2 and met 2 of the last 4 quarter earnings estimates.
  • 1/12/2014 - Most analysts have a BUY rating and TSCO trades below its intrinsic value of $97.11
  • 1/12/2014 - Short term technical indicators confirm uptrend and current support level at $74

Tractor Supply Company (NASDAQ:TSCO)

FINANCIAL RESULTS OBSERVATION

The company reported a net income of $64.77 million, or 46 cents diluted earnings per share, for the third quarter of 2013 ending September 28. That's up from a net income of $50.02 million, or 35 cents diluted earnings per share for the same quarter last year. Revenues for the third quarter were $1,208 million, up from $1,066 million for the same quarter last year. Moreover, the comparable store sales were up by 7.5% year on year. The increase was due to strong results in key consumables – usable and edible products as well as to strong results in seasonal merchandise. Also beneficial to the growth was the extended spring selling season resulting from mild temperatures. The company opened 23 new stores, and closed 1, compared to 17 store openings and 1 closure in the same quarter last year. Gross profit margin for the quarter was 34.41%, up from 33.52 for the same quarter last year, mainly due to strong sell-through of spring seasonal products, resulting in fewer markdowns. Operating income margin was 8.42% which is up from 7.3% recorded in the third quarter of 2012, primarily due to strong comparable store sales growth. Cash flow from operating activities for the first nine months of 2013 was $98.6 million, down from $155.8 million for the same period last year. The company raised its full fiscal year outlook and now expects comparable store sales to increase by 4.2% - 5%, in comparison to previous guidance of 4.0% - 5%. TSCO forecasted fourth quarter of 2013 EPS are expected to be in the range from 63 cents to 67 cents, compared to EPS of 55 cents for the fourth quarter of 2012. The financial strength indicators of the company are all at satisfactory levels. The current ratio of 2.20 is better than the industry average of 1.36. However, the quick ratio of 0.20 is at worse levels than the industry average of 0.99. The interest coverage ratio of 223.99 is much better than the industry average of 20.08. In terms of efficiency, the asset turnover ratio of 2.77 is much better than the industry average of 0.94; however, the inventory turnover ratio of 3.09 is at worse levels than the industry average of 7.75; and the ROE of 27.86% is again much better than the industry average of 13.0%.

VALUATION
TSCO PE stands at 34.88 below the industry average of 44.45, but above the stock market average represented by the S&P 500 average of 18.89. The company is currently trading above the maximum P/E ratio of 15x, and over the last five years, the company’s shares have traded in the range of 13.52x to 34.89x trailing 12-month earnings. TSCO's current Price/Sales of 2.13 is in line with the average of its industry of 2.15. TSCO’s head to head comparison to its main competitors shows that the company has leveled gross margin with its competitors and with the industry average. The operating margin is the in the middle when compared to the main peers, and it is above the industry average. The quarterly revenue growth of the company is the highest when compared to the peers, and also above the industry average. TSCO trades at highest P/E ratio in comparison to the main competitors, and it is the same case with P/S ratio. TSCO’s twelve trailing months EBITDA is $588 million, which is the same with the industry average. The stock is currently trading below its intrinsic value of $97.11, this suggests that the stock is currently undervalued at these levels. The beta of 0.86 implies lower volatility of the stock with respect to the S&P 500. TSCO has shown very favorable earnings consistency over the last five years. Moreover, the company earnings have grown by 25.10% over the last five years. Moreover, the current quarter earnings in comparison to the same quarter last year have grown by 31.43%. The company Total Debt to Equity of 3.48 is below the required maximum, and it is also below the industry average of 39.6. TSCO’s current price levels are below the ma
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ABOUT THE COMPANY

Sector: Retail/Wholesale Industry: RETAIL-MISC/DIV

Tractor Supply Company is an operator of retail farm and ranch stores in the United States. The Company operates retail stores under the names Tractor Supply Company and Del’s Farm Supply and operate a Website under the name TractorSupply.com.

  • Oct 25 2012 12:00AM Price Change(-2.4%) Overall Score(95)

    The company reported third-quarter profit of $50.02 million, or $0.69 a share, from $42.73 million, or $0.58 a share, in the same quarter a year ago. Revenue rose to $1.07 billion from $977.8 million. Analysts had expected the company to earn 67 cents a share on $1.07 billion in revenue. Tractor Supply Co announced that for fiscal 2012, it expects net sales to range between $4.61 billion and $4.65 billion compared to the Company's previously expected range of $4.58 billion and $4.65 billionBased on stronger than expected net income per diluted share for the third quarter, the Company now anticipates net income per diluted share for fiscal 2012 to range between $3.63 and $3.69, compared to its previous guidance of $3.58 and $3.66.
  • Dec 4 2012 12:00AM Price Change(-6.06%) Overall Score(72)

    Despite a year-to-date gain of roughly 27%, TSCO saw its price target lowered to $105 from $115 at Suntrust Robinson ahead of the open.
  • Jan 31 2013 12:00AM Price Change(1.87%) Overall Score(85)

    Tractor Supply Co. (TSCO: Quote) reported a rise in fourth-quarter profit to $79.5 million, or $1.11 per share, from $70.5 million, or $0.96 per share, in the same quarter of prior year. Net sales increased 3.7% to $1.29 billion from $1.24 billion in the prior year's fourth quarter. Same-store sales increased 4.7% compared to a very strong 7.6% increase in the prior-year period. Analysts polled by Thomson Reuters expected the company to report earnings of $1.03 per share on revenues of $1.28 billion for the quarter. Analysts' estimates typically exclude special items.
  • Apr 25 2013 12:00AM Price Change(-1.08%) Overall Score(90)

    The company reported $0.62 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.62. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.55 earnings per share. Tractor Supply’s revenue was up 6.4% compared to the same quarter last year. Tractor Supply has set its FY13 guidance at $4.38-$4.47 EPS. Analysts expect that Tractor Supply Co. will post $4.44 EPS for the current fiscal year.
  • Jul 25 2013 12:00AM Price Change(-2.42%) Overall Score(81)

    Tractor Supply Co. (TSCO: Quote) Wednesday reported second-quarter profit of $123.6 million or $1.75 per share, up from $106.6 million or $1.45 per share in the same period last year. On average, 26 analysts polled by Thomson Reuters expected the company to earn $1.71 per share for the quarter. Analysts' estimates typically exclude special items. Revenues increased 12.7 percent to $1.46 billion from $1.29 billion in the prior year's second quarter. Same-store sales increased 7.2 percent, compared to a 3.2 percent growth last year. Analysts expected revenues of $1.44 billion.
  • Oct 24 2013 12:00AM Price Change(8.12%) Overall Score(86)

    Tractor Supply's net income for the third quarter was $64.77 million or $0.46 per share, up from $50.02 million or $0.35 per share in the prior-year period. On average, 26 analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share for the quarter. Analysts' estimates typically exclude special items. Net sales for the quarter grew 13 percent to $1.21 billion from $1.07 billion in the same period last year. Analysts had a consensus revenue estimate of $1.19 billion for the quarter. Comparable store sales for the quarter increased 7.5 percent, compared to a 2.9 percent increase in the prior-year period.
  • Jan 30 2014 12:00AM Price Change(-2.23%) Overall Score(67)

    The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company posted $0.56 earnings per share. Tractor Supply’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Tractor Supply will post $2.29 earnings per share for the current fiscal year.
  • Apr 24 2014 12:00AM Price Change(-0.97%) Overall Score(57)

    The company reported $0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts expect that Tractor Supply will post $2.62 EPS for the current fiscal year.
  • Jul 24 2014 12:00AM Price Change(6.62%) Overall Score(51)

    The company reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95, AR Network reports. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Tractor Supply Company updated its FY14 guidance to $2.54-2.62 EPS.
  • Oct 23 2014 12:00AM Price Change(15.82%) Overall Score(87)

    The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.05. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Tractor Supply Company updated its FY14 guidance to $2.54-2.62 EPS.
  • Jan 29 2015 12:00AM Price Change(4.29%) Overall Score(96)

    Tractor Supply Co. (TSCO: Quote) reported net income for the fourth quarter of $112.1 million or $0.81 per share, compared to $95.9 million or $0.68 per share for the year-ago quarter. Net sales for the fourth quarter rose 12% to $1.58 billion from $1.42 billion a year earlier. Same-store sales for the quarter increased 5.3%. Analysts polled by Thomson Reuters expected the company to earn $0.76 per share on revenue of $1.58 billion for the fourth quarter. Looking forward to full year 2015, the company forecasts net sales of $6.2 billion to $6.3 billion and earnings of $2.95 to $3.05 per share. Analysts currently expect the company to earn $3.02 per share on revenue of $6.27 billion for the full year 2015.
  • Apr 22 2015 12:00AM Price Change(0.01%) Overall Score(92)

    The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.01. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company posted $0.35 earnings per share. Tractor Supply Company’s revenue was up 12.4% compared to the same quarter last year. Analysts expect that Tractor Supply Company will post $3.06 EPS for the current fiscal year.
  • Jul 23 2015 12:00AM Price Change(0.72%) Overall Score(91)

    Tractor Supply Company (TSCO), the largest rural lifestyle retail store chain in the United States, reported that its second quarter net income increased 14.9% to $153.3 million from $133.4 million and earnings per share increased 17.9% to $1.12 from $0.95, prior year. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $1.11 for the quarter. Analysts' estimates typically exclude special items. Net sales increased 11.9% to $1.77 billion from $1.58 billion in the prior year's second quarter. Comparable store sales increased 5.6%. Analysts expected revenue of $1.77 billion for the quarter.
  • Oct 22 2015 12:00AM Price Change(5.53%) Overall Score(92)

    The company said its bottom line totaled $87.31 million, or $0.64 per share. This was higher than $76.60 million, or $0.55 per share, in last year's third quarter. Analysts had expected the company to earn $0.63 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company said revenue for the quarter rose 8.8% to $1.48 billion. This was up from $1.36 billion last year.
  • Jan 28 2016 12:00AM Price Change(0.9%) Overall Score(90)

    The company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the business earned $0.81 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that Tractor Supply Company will post $3.46 EPS for the current year.
  • Apr 21 2016 12:00AM Price Change(4.74%) Overall Score(96)

    The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.04. During the same quarter in the prior year, the business earned $0.42 earnings per share. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. The firm’s revenue was up 10.3% on a year-over-year basis. On average, equities research analysts predict that Tractor Supply Company will post $3.49 earnings per share for the current year.
  • Jul 21 2016 12:00AM Price Change(-3.64%) Overall Score(61)

    The company reported $1.16 earnings per share for the quarter, hitting the consensus estimate of $1.16. The business earned $1.85 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the firm earned $1.12 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts forecast that Tractor Supply will post $3.38 EPS for the current year.

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