SiteOne Landscape Supply (NYSE:SITE) Posts Quarterly Earnings Results, Misses Expectations By $0.22 EPS

SiteOne Landscape Supply (NYSE:SITE) posted its earnings results on Wednesday. The industrial products company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.22), Zacks reports. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%.

SiteOne Landscape Supply Price Performance

SITE opened at $137.50 on Thursday. The stock has a 50-day moving average price of $138.47 and a 200-day moving average price of $141.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The firm has a market cap of $6.20 billion, a PE ratio of 44.50 and a beta of 1.57. SiteOne Landscape Supply has a 1 year low of $114.60 and a 1 year high of $188.01.

Insiders Place Their Bets

In other news, EVP Joseph Ketter sold 6,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares in the company, valued at $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SITE has been the topic of a number of research analyst reports. Barclays boosted their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $175.00 in a research note on Friday, December 6th. Robert W. Baird cut their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a report on Thursday. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Stifel Nicolaus restated a “hold” rating and set a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $154.44.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.