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Tractor Supply (NASDAQ:TSCO) Jumps 4.1% This Week, Though Earnings Growth Is Still Tracking Behind Five-year Shareholder Returns

Tractor Supply (NASDAQ:TSCO) Jumps 4.1% This Week, Though Earnings Growth Is Still Tracking Behind Five-year Shareholder Returns

拖拉機供應公司(納斯達克股票代碼:TSCO)本週上漲4.1%,儘管收益增長仍落後於五年股東回報率
Simply Wall St ·  05/22 21:28

When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on a lighter note, a good company can see its share price rise well over 100%. For example, the Tractor Supply Company (NASDAQ:TSCO) share price has soared 185% in the last half decade. Most would be very happy with that. On top of that, the share price is up 21% in about a quarter. This could be related to the recent financial results, released recently - you can catch up on the most recent data by reading our company report.

當你購買一家公司的股票時,值得記住它可能倒閉的可能性,你可能會賠錢。但簡而言之,一家好的公司的股價可以上漲超過100%。例如,拖拉機供應公司(納斯達克股票代碼:TSCO)的股價在過去五年中飆升了185%。大多數人會對此感到非常滿意。最重要的是,股價在大約一個季度內上漲了21%。這可能與最近發佈的最新財務業績有關——您可以通過閱讀我們的公司報告來了解最新的數據。

The past week has proven to be lucrative for Tractor Supply investors, so let's see if fundamentals drove the company's five-year performance.

事實證明,過去一週對拖拉機供應的投資者來說是有利可圖的,所以讓我們看看基本面是否推動了該公司的五年業績。

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

雖然市場是一種強大的定價機制,但股價反映了投資者的情緒,而不僅僅是潛在的業務表現。研究市場情緒如何隨着時間的推移而變化的一種方法是研究公司股價與其每股收益(EPS)之間的相互作用。

Over half a decade, Tractor Supply managed to grow its earnings per share at 19% a year. This EPS growth is reasonably close to the 23% average annual increase in the share price. This indicates that investor sentiment towards the company has not changed a great deal. In fact, the share price seems to largely reflect the EPS growth.

在過去的五年中,拖拉機供應公司設法將其每股收益增長到每年19%。每股收益的增長相當接近股價年均增長23%。這表明投資者對公司的情緒沒有太大變化。實際上,股價似乎在很大程度上反映了每股收益的增長。

You can see below how EPS has changed over time (discover the exact values by clicking on the image).

你可以在下面看到 EPS 是如何隨着時間的推移而變化的(點擊圖片發現確切的值)。

earnings-per-share-growth
NasdaqGS:TSCO Earnings Per Share Growth May 22nd 2024
納斯達克GS:TSCO每股收益增長 2024年5月22日

It might be well worthwhile taking a look at our free report on Tractor Supply's earnings, revenue and cash flow.

可能值得一看我們關於拖拉機供應公司收益、收入和現金流的免費報告。

What About Dividends?

分紅呢?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Tractor Supply the TSR over the last 5 years was 207%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!

除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。基於股息再投資的假設,股東總回報率納入了任何分拆或貼現資本籌集的價值以及任何股息。可以公平地說,股東總回報率爲支付股息的股票提供了更完整的畫面。我們注意到,拖拉機供應公司過去5年的股東總回報率爲207%,好於上述股價回報率。而且,猜測股息支付在很大程度上解釋了這種分歧是沒有好處的!

A Different Perspective

不同的視角

We're pleased to report that Tractor Supply shareholders have received a total shareholder return of 33% over one year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 25%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Tractor Supply better, we need to consider many other factors. Take risks, for example - Tractor Supply has 2 warning signs we think you should be aware of.

我們很高興地向大家報告,拖拉機供應公司的股東在一年內獲得了33%的總股東回報率。當然,這包括股息。這一增幅好於五年內的年度股東總回報率,即25%。因此,最近公司周圍的情緒似乎一直很樂觀。持樂觀態度的人可能會將最近股東總回報率的改善視爲業務本身隨着時間的推移而變得更好。長期跟蹤股價表現總是很有意思的。但是,爲了更好地了解拖拉機的供應,我們需要考慮許多其他因素。例如,冒險——拖拉機供應有 2 個警告標誌,我們認爲您應該注意。

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation).

如果你想和管理層一起購買股票,那麼你可能會喜歡這份免費的公司清單。(提示:其中許多未被注意且估值誘人)。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.

請注意,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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