Tractor Supply Company Up 8.6% After Reaching 52-Week High (TSCO)

Shares of Brentwood, Tennessee-based Tractor Supply Company TSCO are currently up 8.6% at $52.74 per share during Thursday afternoon trading. Today's trading range for shares of Tractor Supply Company has been between $50.31 and a 52-week high of $52.78 per share. The consensus price target of analysts covering the company's stock is $48.47 per share. Volume of 1.3 million shares is already more than double the daily average volume of 568,000 shares. Tractor Supply Company (TSCO) released financial results late on Wednesday that beat Wall Street estimates. Tractor Supply Company reported 4th quarter earnings of 67 cents per share, on revenue of $1.03 billion. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 62 cents per share, on revenue of $977.96 million. Chairman and Chief Executive Officer Jim Wright said, "We are excited about entering a new year with significant opportunities ahead for the business. We are beginning to benefit from the plans that we put in place over the past several years and, with continued solid execution, we expect to build on our momentum as we grow and improve our business." The company forecast 2011 full year net earnings to be in the range of $2.54 to $2.62 per share, on revenue of $4.00 billion to $4.07 billion. Read more from Benzinga's Company news.