Wall Street brokerages expect SiteOne Landscape Supply Inc (NYSE:SITE) to report earnings of ($0.01) per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for SiteOne Landscape Supply’s earnings. SiteOne Landscape Supply posted earnings of ($0.05) per share in the same quarter last year, which indicates a positive year over year growth rate of 80%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 18th.
According to Zacks, analysts expect that SiteOne Landscape Supply will report full year earnings of $2.01 per share for the current financial year. For the next financial year, analysts forecast that the firm will report earnings of $2.36 per share. Zacks Investment Research’s EPS calculations are an 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 30th. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. The business had revenue of $652.80 million for the quarter, compared to analyst estimates of $642.97 million. SiteOne Landscape Supply had a net margin of 3.18% and a return on equity of 22.31%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 earnings per share.
Several analysts have commented on the stock. ValuEngine lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Berenberg Bank reaffirmed a “hold” rating and issued a $70.00 price objective on shares of SiteOne Landscape Supply in a research report on Thursday, October 31st. Barclays reaffirmed a “hold” rating and issued a $87.00 price objective on shares of SiteOne Landscape Supply in a research report on Thursday, December 19th. Deutsche Bank assumed coverage on shares of SiteOne Landscape Supply in a research report on Wednesday, November 27th. They issued a “hold” rating on the stock. Finally, Morgan Stanley raised shares of SiteOne Landscape Supply from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 17th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $74.50.
SITE stock traded up $0.53 during mid-day trading on Tuesday, hitting $92.59. The company had a trading volume of 226,400 shares, compared to its average volume of 298,167. The firm has a market cap of $3.78 billion, a PE ratio of 53.52 and a beta of 1.01. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.11 and a current ratio of 2.44. SiteOne Landscape Supply has a 12 month low of $45.32 and a 12 month high of $93.64. The stock’s fifty day moving average price is $89.38 and its two-hundred day moving average price is $79.84.
In other news, EVP L Briley Brisendine, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $90.37, for a total value of $903,700.00. Following the sale, the executive vice president now owns 28,336 shares of the company’s stock, valued at $2,560,724.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Doug Black sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $91.49, for a total transaction of $1,829,800.00. Following the completion of the sale, the chief executive officer now directly owns 397,184 shares in the company, valued at approximately $36,338,364.16. The disclosure for this sale can be found here. In the last three months, insiders sold 116,624 shares of company stock worth $10,443,604. Insiders own 4.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of SiteOne Landscape Supply by 2.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,895,982 shares of the industrial products company’s stock valued at $269,992,000 after purchasing an additional 106,931 shares during the period. Vanguard Group Inc. raised its position in shares of SiteOne Landscape Supply by 0.4% in the second quarter. Vanguard Group Inc. now owns 3,705,624 shares of the industrial products company’s stock valued at $256,801,000 after purchasing an additional 14,591 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in SiteOne Landscape Supply by 5.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,115,029 shares of the industrial products company’s stock valued at $215,871,000 after acquiring an additional 169,679 shares in the last quarter. Victory Capital Management Inc. grew its stake in SiteOne Landscape Supply by 44.9% during the second quarter. Victory Capital Management Inc. now owns 1,223,095 shares of the industrial products company’s stock valued at $84,760,000 after acquiring an additional 379,095 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in SiteOne Landscape Supply by 76.1% during the second quarter. Macquarie Group Ltd. now owns 1,081,484 shares of the industrial products company’s stock valued at $74,947,000 after acquiring an additional 467,447 shares in the last quarter.
About SiteOne Landscape Supply
SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 120,000 stock keeping units, including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones, and blocks.
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