Brokerages expect that SiteOne Landscape Supply Inc (NYSE:SITE) will post earnings of ($0.02) per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for SiteOne Landscape Supply’s earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.02). SiteOne Landscape Supply reported earnings of ($0.05) per share during the same quarter last year, which indicates a positive year over year growth rate of 60%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 18th.
According to Zacks, analysts expect that SiteOne Landscape Supply will report full-year earnings of $2.00 per share for the current financial year, with EPS estimates ranging from $1.99 to $2.01. For the next year, analysts expect that the firm will report earnings of $2.29 per share, with EPS estimates ranging from $2.21 to $2.36. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover SiteOne Landscape Supply.
SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.07. SiteOne Landscape Supply had a net margin of 3.18% and a return on equity of 22.31%. The firm had revenue of $652.80 million for the quarter, compared to analyst estimates of $642.97 million. During the same quarter in the previous year, the firm posted $0.70 EPS. The business’s revenue for the quarter was up 12.8% on a year-over-year basis.
A number of research firms have recently weighed in on SITE. ValuEngine downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Berenberg Bank reissued a “hold” rating and set a $70.00 price target on shares of SiteOne Landscape Supply in a research report on Thursday, October 31st. Deutsche Bank initiated coverage on SiteOne Landscape Supply in a report on Wednesday, November 27th. They issued a “hold” rating for the company. Zacks Investment Research raised SiteOne Landscape Supply from a “hold” rating to a “strong-buy” rating and set a $103.00 price objective for the company in a report on Thursday, November 7th. Finally, SunTrust Banks lifted their price objective on SiteOne Landscape Supply to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $67.00.
In other SiteOne Landscape Supply news, CEO Doug Black sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $91.49, for a total transaction of $1,829,800.00. Following the completion of the transaction, the chief executive officer now directly owns 397,184 shares in the company, valued at $36,338,364.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John T. Guthrie sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $77.68, for a total transaction of $776,800.00. Following the transaction, the chief financial officer now owns 38,452 shares of the company’s stock, valued at $2,986,951.36. The disclosure for this sale can be found here. Insiders sold a total of 91,624 shares of company stock valued at $8,224,304 over the last 90 days. Corporate insiders own 4.10% of the company’s stock.
Several hedge funds have recently modified their holdings of SITE. Quest Capital Management Inc. ADV purchased a new stake in SiteOne Landscape Supply during the third quarter valued at about $25,000. Captrust Financial Advisors acquired a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth about $40,000. Advisory Services Network LLC boosted its position in shares of SiteOne Landscape Supply by 40.1% during the 2nd quarter. Advisory Services Network LLC now owns 664 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 190 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth about $62,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of SiteOne Landscape Supply by 103.6% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,374 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 699 shares during the last quarter.
NYSE:SITE opened at $87.74 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.11 and a current ratio of 2.44. The company has a 50-day moving average of $85.76 and a 200-day moving average of $74.89. SiteOne Landscape Supply has a 52 week low of $45.32 and a 52 week high of $92.61. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 50.72 and a beta of 1.03.
About SiteOne Landscape Supply
SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 120,000 stock keeping units, including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones, and blocks.
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