SiteOne Landscape Supply Inc (NYSE:SITE) – William Blair lowered their Q1 2018 earnings estimates for SiteOne Landscape Supply in a note issued to investors on Tuesday. William Blair analyst R. Merkel now forecasts that the industrial products company will earn ($0.27) per share for the quarter, down from their prior estimate of ($0.24). William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for SiteOne Landscape Supply’s Q2 2018 earnings at $1.57 EPS, Q3 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.02 EPS, FY2018 earnings at $2.01 EPS, FY2019 earnings at $2.62 EPS and FY2020 earnings at $3.23 EPS.
SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The business had revenue of $415.70 million for the quarter, compared to analysts’ expectations of $410.38 million. SiteOne Landscape Supply had a net margin of 2.93% and a return on equity of 28.96%. The business’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.14) EPS.
A number of other equities research analysts have also recently commented on the stock. SunTrust Banks raised their price objective on shares of SiteOne Landscape Supply to $89.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays reaffirmed an “equal weight” rating and set a $67.00 price objective (up previously from $65.00) on shares of SiteOne Landscape Supply in a research note on Wednesday. UBS Group set a $71.00 price objective on shares of SiteOne Landscape Supply and gave the stock a “sell” rating in a research note on Wednesday. Royal Bank of Canada set a $85.00 price objective on shares of SiteOne Landscape Supply and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, Zacks Investment Research lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $74.33.
Shares of SiteOne Landscape Supply (NYSE SITE) opened at $74.02 on Friday. The company has a market cap of $2,940.00 and a P/E ratio of 54.03. SiteOne Landscape Supply has a one year low of $38.95 and a one year high of $80.56. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.21 and a current ratio of 2.69.
A number of hedge funds have recently made changes to their positions in SITE. Wells Fargo & Company MN lifted its holdings in SiteOne Landscape Supply by 312.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,366,395 shares of the industrial products company’s stock valued at $79,387,000 after purchasing an additional 1,034,971 shares in the last quarter. Wasatch Advisors Inc. lifted its holdings in SiteOne Landscape Supply by 1,803.9% in the 4th quarter. Wasatch Advisors Inc. now owns 1,062,098 shares of the industrial products company’s stock valued at $81,463,000 after purchasing an additional 1,006,314 shares in the last quarter. Thrivent Financial For Lutherans purchased a new position in SiteOne Landscape Supply in the 4th quarter valued at $45,412,000. Hennessy Advisors Inc. purchased a new position in SiteOne Landscape Supply in the 4th quarter valued at $37,307,000. Finally, Neuberger Berman Group LLC purchased a new position in SiteOne Landscape Supply in the 3rd quarter valued at $24,028,000.
In other SiteOne Landscape Supply news, EVP Ross Anker sold 3,700 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $71.75, for a total value of $265,475.00. Following the transaction, the executive vice president now owns 62,981 shares in the company, valued at approximately $4,518,886.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John T. Guthrie sold 20,000 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $70.91, for a total value of $1,418,200.00. Following the completion of the transaction, the chief financial officer now owns 57,854 shares in the company, valued at approximately $4,102,427.14. The disclosure for this sale can be found here. Insiders have sold a total of 48,110 shares of company stock worth $3,490,093 in the last quarter. Insiders own 4.00% of the company’s stock.
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SiteOne Landscape Supply Company Profile
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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