William Blair Weighs in on SiteOne Landscape Supply Inc’s Q1 2018 Earnings (SITE)

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.

Earnings History and Estimates for SiteOne Landscape Supply (NYSE:SITE)

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