Brokerages predict that SiteOne Landscape Supply Inc (NYSE:SITE) will report sales of $594.55 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for SiteOne Landscape Supply’s earnings. The highest sales estimate is $599.00 million and the lowest is $590.10 million. SiteOne Landscape Supply posted sales of $502.40 million in the same quarter last year, which suggests a positive year-over-year growth rate of 18.3%. The company is scheduled to report its next earnings results on Wednesday, November 14th.
On average, analysts expect that SiteOne Landscape Supply will report full-year sales of $2.13 billion for the current fiscal year, with estimates ranging from $2.09 billion to $2.15 billion. For the next financial year, analysts anticipate that the business will report sales of $2.37 billion per share, with estimates ranging from $2.22 billion to $2.46 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow SiteOne Landscape Supply.
SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.07). SiteOne Landscape Supply had a net margin of 3.39% and a return on equity of 28.71%. The firm had revenue of $687.80 million for the quarter, compared to the consensus estimate of $689.21 million. During the same quarter last year, the company earned $1.07 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis.
Several equities research analysts recently weighed in on SITE shares. Robert W. Baird cut shares of SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $38.00 target price for the company. in a research note on Tuesday, July 3rd. Barclays raised their price target 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. Zacks Investment Research cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. ValuEngine upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Finally, Royal Bank of Canada raised their price target on shares of SiteOne Landscape Supply to $110.00 and gave the stock a “positive” rating in a research note on Wednesday, June 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. SiteOne Landscape Supply presently has an average rating of “Buy” and an average price target of $79.29.
Shares of SiteOne Landscape Supply traded down $1.16, hitting $91.96, during mid-day trading on Tuesday, according to MarketBeat Ratings. The company had a trading volume of 298,058 shares, compared to its average volume of 394,114. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.23 and a current ratio of 2.69. SiteOne Landscape Supply has a 12 month low of $48.19 and a 12 month high of $95.49. The stock has a market cap of $3.77 billion, a PE ratio of 63.35 and a beta of 1.40.
In other news, CEO Doug Black sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $78.02, for a total transaction of $936,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joseph Ketter sold 3,000 shares of the firm’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 sale, the vice president now directly owns 8,396 shares of the company’s stock, valued at approximately $786,453.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 208,575 shares of company stock valued at $18,366,776. Corporate insiders own 4.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of SiteOne Landscape Supply in the first quarter valued at approximately $225,000. Sphera Funds Management LTD. acquired a new stake in shares of SiteOne Landscape Supply in the first quarter valued at approximately $231,000. Xact Kapitalforvaltning AB acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at approximately $294,000. SG Americas Securities LLC increased its holdings in shares of SiteOne Landscape Supply by 87.6% in the second quarter. SG Americas Securities LLC now owns 4,104 shares of the industrial products company’s stock valued at $345,000 after purchasing an additional 1,916 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of SiteOne Landscape Supply by 246.2% in the second quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 3,200 shares in the last quarter.
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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