Analysts forecast that SiteOne Landscape Supply Inc (NYSE:SITE) will announce earnings per share of $0.76 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for SiteOne Landscape Supply’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.73. SiteOne Landscape Supply reported earnings per share of $0.41 during the same quarter last year, which would suggest a positive year over year growth rate of 85.4%. The company is scheduled to issue its next quarterly earnings report on Wednesday, November 14th.
On average, analysts expect that SiteOne Landscape Supply will report full year earnings of $2.03 per share for the current year, with EPS estimates ranging from $1.96 to $2.07. For the next financial year, analysts expect that the business will report earnings of $2.38 per share, with EPS estimates ranging from $2.26 to $2.44. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover SiteOne Landscape Supply.
SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, August 1st. The industrial products company reported $1.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.07). The business had revenue of $687.80 million during the quarter, compared to analyst estimates of $689.21 million. SiteOne Landscape Supply had a return on equity of 28.71% and a net margin of 3.39%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $1.07 EPS.
Several analysts recently issued reports on SITE shares. Zacks Investment Research lowered SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 25th. Deutsche Bank increased their price objective on SiteOne Landscape Supply from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, May 4th. ValuEngine upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Royal Bank of Canada increased their price objective on SiteOne Landscape Supply to $110.00 and gave the stock a “positive” rating in a report on Wednesday, June 27th. Finally, Robert W. Baird lowered SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $38.00 price objective for the company. in a report on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. SiteOne Landscape Supply currently has an average rating of “Buy” and a consensus target price of $79.29.
Shares of NYSE:SITE traded down $1.16 during midday trading on Friday, hitting $91.96. 298,058 shares of the stock were exchanged, compared to its average volume of 394,114. The company has a current ratio of 2.69, a quick ratio of 1.23 and a debt-to-equity ratio of 2.15. SiteOne Landscape Supply has a 52-week low of $48.19 and a 52-week high of $95.49. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 63.35 and a beta of 1.40.
In other SiteOne Landscape Supply news, CEO Doug Black sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $78.02, for a total transaction of $936,240.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Joseph Ketter sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $93.67, for a total value of $281,010.00. Following the transaction, the vice president now owns 8,396 shares in the company, valued at $786,453.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 208,575 shares of company stock worth $18,366,776. Corporate insiders own 4.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of SITE. Oppenheimer Asset Management Inc. acquired a new stake in shares of SiteOne Landscape Supply in the first quarter valued at about $225,000. Sphera Funds Management LTD. acquired a new stake in shares of SiteOne Landscape Supply in the first quarter valued at about $231,000. Xact Kapitalforvaltning AB acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at about $294,000. SG Americas Securities LLC grew its position in shares of SiteOne Landscape Supply by 87.6% in the second quarter. SG Americas Securities LLC now owns 4,104 shares of the industrial products company’s stock valued at $345,000 after purchasing an additional 1,916 shares during the last quarter. Finally, Strs Ohio grew its position in shares of SiteOne Landscape Supply by 246.2% in the second quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 3,200 shares during the last quarter.
About SiteOne Landscape Supply
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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