SiteOne Landscape Supply (SITE) to Release Earnings on Wednesday

SiteOne Landscape Supply (NYSE:SITE) is set to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect SiteOne Landscape Supply to post earnings of ($0.21) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, February 14th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.07. The firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $942.21 million. SiteOne Landscape Supply had a net margin of 4.03% and a return on equity of 12.13%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) EPS. On average, analysts expect SiteOne Landscape Supply to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

SiteOne Landscape Supply Price Performance

NYSE:SITE opened at $161.99 on Tuesday. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 42.85 and a beta of 1.54. The company has a 50-day moving average of $170.51 and a 200-day moving average of $156.83. SiteOne Landscape Supply has a 52 week low of $116.81 and a 52 week high of $188.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.10 and a current ratio of 2.43.

Insider Activity

In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $180.00, for a total transaction of $540,000.00. Following the transaction, the chief financial officer now owns 15,467 shares of the company’s stock, valued at approximately $2,784,060. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Doug Black sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total value of $1,763,500.00. Following the transaction, the chief executive officer now owns 574,657 shares of the company’s stock, valued at approximately $101,340,761.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John T. Guthrie sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $180.00, for a total transaction of $540,000.00. Following the sale, the chief financial officer now directly owns 15,467 shares of the company’s stock, valued at $2,784,060. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock valued at $3,924,500 over the last three months. 2.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SITE shares. Robert W. Baird upped their price objective on SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Royal Bank of Canada lifted their price objective on SiteOne Landscape Supply from $150.00 to $157.00 and gave the company a “sector perform” rating in a report on Thursday, February 15th. Truist Financial increased their target price on shares of SiteOne Landscape Supply from $170.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Loop Capital lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Barclays raised their price objective on shares of SiteOne Landscape Supply from $121.00 to $145.00 and gave the stock an “underweight” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $172.88.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.