Shares of Tractor Supply (TSCO) Fall After Q4 Report; Wall Street Firms Remain Positive

Most Wall Street firms were positive on Tractor Supply Company's (NASDAQ: TSCO) Q4 earnings report, which topped consensus estimates by $0.04 ($0.96 actual vs. $0.92 cons.). Q4 revenues were $1.24 billion versus the consensus estimate of $1.22 billion.

However, on guidance TSCO sees FY2012 EPS of $3.38-$3.46, versus the consensus of $3.48. Tractor Supply Co sees FY2012 revenue of $4.56-$4.66 billion, versus the consensus of $4.62 billion.

Webush and Nomura reiterated their Outperform/Buy ratings and Wedbush raised its price target from $82 to $96.

Barclays maintained an Overweight rating, calling TSCO a 'Top Pick'. Analyst, Alan M. Rifkin raised his price target from $80 to $90 and boosted FY12 EPS estimate from $3.50 to $3.52 and FY13 from $3.97 to $4.02.

For an analyst ratings summary and ratings history on Tractor Supply Company click here. For more ratings news on Tractor Supply Company click here.

Shares of Tractor Supply Company closed at $81.79 yesterday.

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