Equities research analysts expect that SiteOne Landscape Supply Inc (NYSE:SITE) will announce earnings of ($0.24) per share for the current quarter, Zacks reports. Three analysts have issued estimates for SiteOne Landscape Supply’s earnings. The lowest EPS estimate is ($0.28) and the highest is ($0.19). SiteOne Landscape Supply posted earnings per share of ($0.26) in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The business is expected to issue its next earnings results on Wednesday, May 9th.
According to Zacks, analysts expect that SiteOne Landscape Supply will report full-year earnings of $1.90 per share for the current financial year, with EPS estimates ranging from $1.61 to $2.05. For the next year, analysts anticipate that the company will report earnings of $2.44 per share, with EPS estimates ranging from $2.11 to $2.62. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for SiteOne Landscape Supply.
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, beating the consensus estimate of ($0.04) by $0.05. SiteOne Landscape Supply had a return on equity of 27.59% and a net margin of 2.93%. The firm had revenue of $415.70 million during the quarter, compared to analyst estimates of $410.38 million. During the same quarter in the prior year, the business posted ($0.14) EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year.
Several analysts have recently commented on the company. Royal Bank of Canada set a $85.00 price objective on SiteOne Landscape Supply and gave the company a “buy” rating in a report on Wednesday, February 14th. UBS lowered SiteOne Landscape Supply from a “neutral” rating to a “sell” rating and set a $72.00 price objective for the company. in a report on Monday, January 22nd. They noted that the move was a valuation call. William Blair raised SiteOne Landscape Supply from a “market perform” rating to an “outperform” rating in a research report on Friday, January 26th. Barclays reissued an “equal weight” rating and issued a $67.00 target price (up from $65.00) on shares of SiteOne Landscape Supply in a research report on Wednesday, February 21st. Finally, SunTrust Banks upped their target price on SiteOne Landscape Supply to $89.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. SiteOne Landscape Supply currently has an average rating of “Buy” and a consensus price target of $74.67.
Shares of SITE opened at $77.40 on Friday. SiteOne Landscape Supply has a 12 month low of $46.00 and a 12 month high of $80.56. The company has a quick ratio of 1.28, a current ratio of 2.92 and a debt-to-equity ratio of 2.19. The firm has a market cap of $3,097.94, a PE ratio of 63.97 and a beta of 1.32.
In other SiteOne Landscape Supply news, CEO Doug Black sold 12,000 shares of the stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $75.32, for a total transaction of $903,840.00. Following the sale, the chief executive officer now directly owns 403,228 shares of the company’s stock, valued at approximately $30,371,132.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ross Anker sold 6,080 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $77.19, for a total value of $469,315.20. Following the sale, the executive vice president now directly owns 34,040 shares in the company, valued at $2,627,547.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,840 shares of company stock worth $3,115,300. 4.00% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Prudential Financial Inc. acquired a new stake in shares of SiteOne Landscape Supply during the 3rd quarter valued at about $205,000. Bank of New York Mellon Corp lifted its stake in SiteOne Landscape Supply by 3.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 278,536 shares of the industrial products company’s stock valued at $16,182,000 after buying an additional 10,441 shares in the last quarter. SG Americas Securities LLC purchased a new position in SiteOne Landscape Supply in the 3rd quarter valued at about $524,000. Ameriprise Financial Inc. lifted its stake in SiteOne Landscape Supply by 15.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 215,774 shares of the industrial products company’s stock valued at $12,537,000 after buying an additional 29,340 shares in the last quarter. Finally, American International Group Inc. lifted its stake in SiteOne Landscape Supply by 8.1% in the 3rd quarter. American International Group Inc. now owns 22,766 shares of the industrial products company’s stock valued at $1,323,000 after buying an additional 1,702 shares in the last quarter.
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About SiteOne Landscape Supply
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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