Tractor Supply (TSCO) Getting Somewhat Positive Press Coverage, Analysis Shows
News headlines about Tractor Supply (NASDAQ:TSCO) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tractor Supply earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the specialty retailer an impact score of 46.3156095537118 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
- Rent-A-Center (RCII) versus Tractor Supply (TSCO) Financial Contrast (americanbankingnews.com)
- Brokers Issue Forecasts for Tractor Supply Company’s Q3 2018 Earnings (TSCO) (americanbankingnews.com)
- Tractor Supply Company (TSCO) Forecasted to Earn FY2017 Earnings of $3.27 Per Share (americanbankingnews.com)
- FY2017 Earnings Forecast for Tractor Supply Company Issued By Northcoast Research (TSCO) (americanbankingnews.com)
- Equities Analysts Offer Predictions for Tractor Supply Company’s FY2017 Earnings (TSCO) (americanbankingnews.com)
A number of research analysts have recently issued reports on the stock. UBS AG cut shares of Tractor Supply from a “buy” rating to a “neutral” rating and lifted their target price for the company from $62.00 to $67.00 in a research note on Monday, October 2nd. Piper Jaffray Companies reiterated a “hold” rating and issued a $57.00 target price on shares of Tractor Supply in a research note on Friday, September 29th. Robert W. Baird reiterated a “buy” rating and issued a $66.00 target price on shares of Tractor Supply in a research note on Wednesday, October 4th. Wedbush reiterated an “outperform” rating and issued a $72.00 target price (up previously from $65.00) on shares of Tractor Supply in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Fourteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Tractor Supply currently has a consensus rating of “Hold” and an average price target of $68.63.
Shares of Tractor Supply (TSCO) opened at 60.49 on Tuesday. The firm’s 50 day moving average is $60.67 and its 200 day moving average is $57.70. Tractor Supply has a 12 month low of $49.87 and a 12 month high of $78.25. The company has a market cap of $7.66 billion, a PE ratio of 18.28 and a beta of 1.30.
Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.68 billion. Tractor Supply had a net margin of 6.04% and a return on equity of 31.25%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 earnings per share. On average, equities analysts predict that Tractor Supply will post $3.28 earnings per share for the current year.
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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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