Equities analysts expect SiteOne Landscape Supply Inc (NYSE:SITE) to post earnings of ($0.01) per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for SiteOne Landscape Supply’s earnings, with estimates ranging from ($0.04) to $0.04. SiteOne Landscape Supply posted earnings of $0.01 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 200%. The firm is scheduled to announce its next earnings report on Tuesday, February 19th.
According to Zacks, analysts expect that SiteOne Landscape Supply will report full-year earnings of $2.03 per share for the current fiscal year. For the next year, analysts anticipate that the business will report earnings of $2.20 per share, with EPS estimates ranging from $2.05 to $2.44. Zacks’ EPS calculations 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 announced its quarterly earnings data on Wednesday, October 31st. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). SiteOne Landscape Supply had a return on equity of 31.11% and a net margin of 3.90%. The company had revenue of $578.50 million for the quarter, compared to the consensus estimate of $590.23 million. During the same quarter in the prior year, the company earned $0.41 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis.
A number of equities research analysts have recently issued reports on SITE shares. Goldman Sachs Group started coverage on SiteOne Landscape Supply in a research note on Tuesday, October 2nd. They set a “buy” rating and a $111.00 price objective on the stock. ValuEngine cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Jefferies Financial Group started coverage on SiteOne Landscape Supply in a research note on Friday, October 12th. They set a “buy” rating and a $80.00 price objective on the stock. Barclays upped their price objective on SiteOne Landscape Supply from $67.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $80.33.
In related news, VP Joseph Ketter sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $93.67, for a total transaction of $281,010.00. Following the transaction, the vice president now directly owns 8,396 shares of the company’s stock, valued at approximately $786,453.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Doug Black sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $90.01, for a total value of $1,080,120.00. Following the transaction, the chief executive officer now directly owns 398,228 shares in the company, valued at $35,844,502.28. The disclosure for this sale can be found here. Insiders have sold a total of 91,700 shares of company stock worth $7,591,235 over the last three months. 4.40% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of SITE. Synovus Financial Corp grew its holdings in SiteOne Landscape Supply by 155.6% in the 3rd quarter. Synovus Financial Corp now owns 1,687 shares of the industrial products company’s stock valued at $128,000 after buying an additional 1,027 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in SiteOne Landscape Supply in the 3rd quarter valued at $302,000. SG Americas Securities LLC grew its holdings in SiteOne Landscape Supply by 87.6% in the 2nd quarter. SG Americas Securities LLC now owns 4,104 shares of the industrial products company’s stock valued at $345,000 after buying an additional 1,916 shares in the last quarter. Strs Ohio grew its holdings in SiteOne Landscape Supply by 246.2% in the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $377,000 after buying an additional 3,200 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in SiteOne Landscape Supply by 62.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,735 shares of the industrial products company’s stock valued at $397,000 after buying an additional 1,813 shares in the last quarter.
Shares of SiteOne Landscape Supply stock opened at $66.44 on Tuesday. SiteOne Landscape Supply has a 12-month low of $58.70 and a 12-month high of $95.49. The company has a market cap of $2.78 billion, a PE ratio of 54.91 and a beta of 1.52. The company has a current ratio of 2.72, a quick ratio of 1.29 and a debt-to-equity ratio of 1.90.
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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