$0.74 Earnings Per Share Expected for SiteOne Landscape Supply Inc (SITE) This Quarter

Equities analysts predict that SiteOne Landscape Supply Inc (NYSE:SITE) will report earnings per share of $0.74 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for SiteOne Landscape Supply’s earnings, with the highest EPS estimate coming in at $0.75 and the lowest estimate coming in at $0.73. SiteOne Landscape Supply reported earnings of $0.41 per share during the same quarter last year, which would suggest a positive year over year growth rate of 80.5%. The business is expected to report its next quarterly earnings report before the market opens on Wednesday, October 31st.

On average, analysts expect that SiteOne Landscape Supply will report full-year earnings of $2.01 per share for the current fiscal year, with EPS estimates ranging from $1.96 to $2.05. For the next fiscal year, analysts anticipate that the business will post earnings of $2.42 per share, with EPS estimates ranging from $2.26 to $2.60. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover SiteOne Landscape Supply.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, August 1st. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.07). The company had revenue of $687.80 million for 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 EPS.

SITE has been the subject of several analyst reports. Royal Bank of Canada set a $105.00 price objective on shares of SiteOne Landscape Supply and gave the stock a “buy” rating in a research note on Thursday, August 2nd. UBS Group lifted their price objective on shares of SiteOne Landscape Supply from $76.00 to $80.00 and gave the stock a “sell” rating in a research note on Thursday, August 30th. TheStreet upgraded shares of SiteOne Landscape Supply from a “c” rating to a “b-” rating in a research note on Thursday, August 9th. Zacks Investment Research upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research note on Wednesday, July 18th. Finally, Barclays lifted their price objective on shares of SiteOne Landscape Supply from $67.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $83.33.

In other SiteOne Landscape Supply news, CEO Doug Black sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, July 25th. The shares were sold at an average price of $87.66, for a total value of $1,051,920.00. Following the transaction, the chief executive officer now directly owns 403,228 shares of the company’s stock, valued at approximately $35,346,966.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP L Briley Brisendine, Jr. sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $89.05, for a total transaction of $142,480.00. Following the completion of the transaction, the executive vice president now directly owns 28,348 shares in the company, valued at $2,524,389.40. The disclosure for this sale can be found here. Insiders sold a total of 199,925 shares of company stock valued at $17,583,606 in the last quarter. Corporate insiders own 4.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its holdings in SiteOne Landscape Supply by 4,105.4% in the 2nd quarter. Janus Henderson Group PLC now owns 108,961 shares of the industrial products company’s stock valued at $9,149,000 after buying an additional 106,370 shares during the period. Artisan Partners Limited Partnership increased its holdings in SiteOne Landscape Supply by 42.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 219,710 shares of the industrial products company’s stock valued at $18,449,000 after buying an additional 65,150 shares during the period. Sandhill Capital Partners LLC increased its holdings in SiteOne Landscape Supply by 1.5% in the 2nd quarter. Sandhill Capital Partners LLC now owns 362,744 shares of the industrial products company’s stock valued at $30,460,000 after buying an additional 5,478 shares during the period. BlackRock Inc. increased its holdings in SiteOne Landscape Supply by 29.0% in the 2nd quarter. BlackRock Inc. now owns 2,882,470 shares of the industrial products company’s stock valued at $242,041,000 after buying an additional 648,424 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in SiteOne Landscape Supply by 12.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 210,096 shares of the industrial products company’s stock valued at $17,642,000 after buying an additional 23,627 shares during the period.

Shares of NYSE SITE traded down $2.93 during mid-day trading on Friday, reaching $67.00. 494,600 shares of the company were exchanged, compared to its average volume of 372,234. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.23 and a current ratio of 2.69. The stock has a market cap of $2.88 billion, a PE ratio of 55.76 and a beta of 1.44. SiteOne Landscape Supply has a twelve month low of $60.08 and a twelve month high of $95.49.

SiteOne Landscape Supply Company Profile

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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