Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Tractor Supply (TSCO) Stock Price
Press coverage about Tractor Supply (NASDAQ:TSCO) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tractor Supply earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned media headlines about the specialty retailer an impact score of 45.203250666165 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Across Central Texas (forthoodsentinel.com)
- Tractor Supply Company to Webcast Fourth Quarter and Full Year 2017 Results (finance.yahoo.com)
- $0.87 Earnings Per Share Expected for Tractor Supply (TSCO) This Quarter (americanbankingnews.com)
- Tractor Supply Company to Webcast Fourth Quarter and Full Year 2017 Results – GlobeNewswire (press release) (globenewswire.com)
- Q3 Sentiment Paccar Inc (NASDAQ:PCAR) – GkMen (gkmen.com)
Tractor Supply (NASDAQ TSCO) traded up $0.32 during trading hours on Thursday, reaching $80.90. The company had a trading volume of 987,622 shares, compared to its average volume of 1,880,000. The firm has a market capitalization of $10,160.00, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 1.52 and a beta of 1.31. Tractor Supply has a 52-week low of $49.87 and a 52-week high of $81.19. The company has a quick ratio of 0.17, a current ratio of 2.00 and a debt-to-equity ratio of 0.38.
Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $1.72 billion for 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 quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 earnings per share. sell-side analysts anticipate that Tractor Supply will post 3.29 earnings per share for the current year.
TSCO has been the subject of several research analyst reports. Zacks Investment Research upgraded Tractor Supply from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. BMO Capital Markets upped their price objective on Tractor Supply from $58.00 to $61.00 and gave the company a “market perform” rating in a report on Wednesday, September 27th. UBS Group lowered Tractor Supply from a “buy” rating to a “neutral” rating and upped their price objective for the company from $62.00 to $67.00 in a report on Monday, October 2nd. Piper Jaffray Companies restated a “hold” rating and issued a $57.00 price objective on shares of Tractor Supply in a report on Friday, September 29th. Finally, Wedbush restated an “outperform” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Tractor Supply in a report on Tuesday, October 3rd. Sixteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $69.40.
In related news, CMO Steve K. Barbarick sold 43,076 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $69.03, for a total transaction of $2,973,536.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.
Tractor Supply Company Profile
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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