Tractor Supply (TSCO) Earning Somewhat Positive Media Coverage, Study Finds
Media headlines about Tractor Supply (NASDAQ:TSCO) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tractor Supply earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the specialty retailer an impact score of 45.5011994972243 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Tractor Supply’s Fall Fundraiser Raises Nearly $1 Million for 4-H Youth (finance.yahoo.com)
- Tractor Supply Company (TSCO) Sees Significant Decrease in Short Interest (americanbankingnews.com)
- Tractor Supply’s (TSCO) Hold Rating Reaffirmed at KeyCorp (americanbankingnews.com)
- Tractor Supply Company (TSCO) Receives “Buy” Rating from Robert W. Baird (americanbankingnews.com)
- Analysts Expect Tractor Supply Company (TSCO) Will Post Quarterly Sales of $1.92 Billion (americanbankingnews.com)
Shares of Tractor Supply (NASDAQ TSCO) traded up $0.79 on Monday, reaching $62.67. The company’s stock had a trading volume of 3,016,000 shares, compared to its average volume of 2,221,732. The stock has a market capitalization of $7,810.00, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.37 and a beta of 1.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 2.00. Tractor Supply has a 1-year low of $49.87 and a 1-year high of $78.25.
Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.68 billion. Tractor Supply had a return on equity of 31.25% and a net margin of 6.04%. Tractor Supply’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. equities research analysts anticipate that Tractor Supply will post 3.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.72%. The ex-dividend date is Friday, November 17th. Tractor Supply’s dividend payout ratio is currently 32.05%.
TSCO has been the topic of several recent research reports. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Tractor Supply in a report on Thursday, October 26th. Piper Jaffray Companies set a $55.00 price target on Tractor Supply and gave the company a “hold” rating in a research report on Tuesday, July 25th. BidaskClub upgraded Tractor Supply from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Credit Suisse Group set a $52.00 price target on Tractor Supply and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Robert W. Baird set a $62.00 price target on Tractor Supply and gave the company a “buy” rating in a research report on Friday, August 25th. Fifteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $68.63.
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About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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