Brokerages predict that SiteOne Landscape Supply Inc (NYSE:SITE) will report sales of $594.56 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for SiteOne Landscape Supply’s earnings, with the lowest sales estimate coming in at $590.10 million and the highest estimate coming in at $599.00 million. SiteOne Landscape Supply reported sales of $502.40 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.3%. The business is scheduled to issue its next earnings report on Wednesday, November 14th.
According to Zacks, analysts expect that SiteOne Landscape Supply will report full year sales of $2.15 billion for the current fiscal year, with estimates ranging from $2.14 billion to $2.15 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.41 billion, with estimates ranging from $2.33 billion to $2.46 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow SiteOne Landscape Supply.
SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.07). SiteOne Landscape Supply had a return on equity of 28.71% and a net margin of 3.39%. The company had revenue of $687.80 million for the quarter, compared to analysts’ expectations of $689.21 million. During the same quarter in the prior year, the firm earned $1.07 EPS. The firm’s revenue was up 13.0% on a year-over-year basis.
Several analysts recently issued reports on the stock. UBS Group boosted their price objective on shares of SiteOne Landscape Supply from $76.00 to $80.00 and gave the company a “sell” rating in a report on Thursday, August 30th. TheStreet upgraded shares of SiteOne Landscape Supply from a “c” rating to a “b-” rating in a report on Thursday, August 9th. Barclays boosted their price objective on shares of SiteOne Landscape Supply from $67.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. Royal Bank of Canada set a $105.00 price objective on shares of SiteOne Landscape Supply and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $80.57.
NYSE SITE opened at $79.37 on Thursday. SiteOne Landscape Supply has a 52 week low of $56.37 and a 52 week high of $95.49. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.23 and a current ratio of 2.69. The firm has a market cap of $3.26 billion, a PE ratio of 67.68 and a beta of 1.29.
In other SiteOne Landscape Supply news, EVP Pascal Convers sold 9,750 shares of SiteOne Landscape Supply stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $86.15, for a total value of $839,962.50. Following the completion of the transaction, the executive vice president now directly owns 106,975 shares of the company’s stock, valued at approximately $9,215,896.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP L Briley Brisendine, Jr. sold 1,600 shares of SiteOne Landscape Supply stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $89.05, for a total value of $142,480.00. Following the completion of the transaction, the executive vice president now directly owns 28,348 shares of the company’s stock, valued at $2,524,389.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 199,925 shares of company stock worth $17,895,116. 4.40% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SITE. Oppenheimer Asset Management Inc. acquired a new position in SiteOne Landscape Supply in the 1st quarter valued at about $225,000. SG Americas Securities LLC grew its position in SiteOne Landscape Supply by 87.6% in the 2nd quarter. SG Americas Securities LLC now owns 4,104 shares of the industrial products company’s stock valued at $345,000 after acquiring an additional 1,916 shares in the last quarter. Strs Ohio grew its position in SiteOne Landscape Supply by 246.2% in the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $377,000 after acquiring an additional 3,200 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in SiteOne Landscape Supply in the 2nd quarter valued at about $419,000. Finally, Sei Investments Co. grew its position in SiteOne Landscape Supply by 78.8% in the 2nd quarter. Sei Investments Co. now owns 4,993 shares of the industrial products company’s stock valued at $419,000 after acquiring an additional 2,201 shares in the last quarter.
SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply, Inc, through its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; nursery goods outdoor lighting; and ice melt products, as well as hardscapes, including pavers, natural stones, and blocks; turf protection products; grass seed; and turf care equipment and golf course maintenance supplies, as well as value-added consultative services to its customers.
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