SiteOne Landscape Supply Inc (NYSE:SITE) – Equities research analysts at SunTrust Banks lowered their Q2 2018 earnings per share estimates for shares of SiteOne Landscape Supply in a report released on Tuesday. SunTrust Banks analyst K. Hughes now forecasts that the industrial products company will earn $1.09 per share for the quarter, down from their previous estimate of $1.23. SunTrust Banks has a “Buy” rating and a $89.00 price objective on the stock. SunTrust Banks also issued estimates for SiteOne Landscape Supply’s Q1 2019 earnings at ($0.20) EPS, Q2 2019 earnings at $1.46 EPS, Q3 2019 earnings at $0.69 EPS and Q4 2019 earnings at $0.02 EPS.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. UBS Group set a $71.00 price target on SiteOne Landscape Supply and gave the company a “sell” rating in a research note on Wednesday. Barclays restated an “equal weight” rating and issued a $67.00 price target (up from $65.00) on shares of SiteOne Landscape Supply in a research note on Wednesday. Royal Bank of Canada set a $85.00 price target on SiteOne Landscape Supply and gave the company a “buy” rating in a research note on Wednesday, February 14th. Finally, William Blair upgraded SiteOne Landscape Supply from a “market perform” rating to an “outperform” rating in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $74.33.
Shares of SiteOne Landscape Supply (SITE) opened at $74.02 on Thursday. The company has a quick ratio of 1.21, a current ratio of 2.69 and a debt-to-equity ratio of 2.35. SiteOne Landscape Supply has a 12 month low of $38.95 and a 12 month high of $80.56. The firm has a market capitalization of $2,885.64, a P/E ratio of 56.50 and a beta of 1.42.
SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. SiteOne Landscape Supply had a return on equity of 28.96% and a net margin of 2.93%. The firm had revenue of $415.70 million for the quarter, compared to the consensus estimate of $410.38 million. During the same period in the previous year, the business earned ($0.14) earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Neuberger Berman Group LLC purchased a new stake in SiteOne Landscape Supply during the third quarter worth $24,028,000. SG Americas Securities LLC purchased a new stake in SiteOne Landscape Supply during the third quarter worth $524,000. Wells Fargo & Company MN boosted its position in SiteOne Landscape Supply by 312.3% during the third quarter. Wells Fargo & Company MN now owns 1,366,395 shares of the industrial products company’s stock worth $79,387,000 after purchasing an additional 1,034,971 shares in the last quarter. Bamco Inc. NY boosted its position in SiteOne Landscape Supply by 11.2% during the third quarter. Bamco Inc. NY now owns 1,720,722 shares of the industrial products company’s stock worth $99,974,000 after purchasing an additional 172,650 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in SiteOne Landscape Supply by 40.0% during the second quarter. Parametric Portfolio Associates LLC now owns 44,637 shares of the industrial products company’s stock worth $2,324,000 after purchasing an additional 12,752 shares in the last quarter.
In other SiteOne Landscape Supply news, EVP Pascal Convers sold 9,750 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $74.25, for a total transaction of $723,937.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ross Anker sold 6,080 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $77.19, for a total value of $469,315.20. Following the sale, the executive vice president now owns 34,040 shares in the company, valued at $2,627,547.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,110 shares of company stock worth $3,490,093. 4.00% of the stock is owned by company insiders.
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About SiteOne Landscape Supply
SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.
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