SiteOne Landscape Supply Inc (NYSE:SITE) Expected to Post Earnings of $1.65 Per Share

Share on StockTwits

Equities analysts predict that SiteOne Landscape Supply Inc (NYSE:SITE) will announce $1.65 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for SiteOne Landscape Supply’s earnings, with estimates ranging from $1.60 to $1.80. SiteOne Landscape Supply posted earnings of $1.48 per share in the same quarter last year, which suggests a positive year over year growth rate of 11.5%. The company is scheduled to issue its next quarterly earnings results on Wednesday, August 7th.

On average, analysts expect that SiteOne Landscape Supply will report full year earnings of $1.81 per share for the current year, with EPS estimates ranging from $1.64 to $1.95. For the next financial year, analysts anticipate that the business will post earnings of $2.32 per share, with EPS estimates ranging from $2.12 to $2.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for SiteOne Landscape Supply.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.59) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.48) by ($0.11). The business had revenue of $417.30 million during the quarter, compared to analyst estimates of $425.91 million. SiteOne Landscape Supply had a return on equity of 23.17% and a net margin of 3.10%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.43) EPS.

SITE has been the subject of a number of recent analyst reports. ValuEngine raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. TheStreet upgraded SiteOne Landscape Supply from a “d+” rating to a “c-” rating in a research note on Monday, April 29th. Robert W. Baird upgraded SiteOne Landscape Supply from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $64.00 to $77.00 in a research note on Tuesday, June 25th. Zacks Investment Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Berenberg Bank restated a “buy” rating and issued a $76.00 target price on shares of SiteOne Landscape Supply in a research note on Wednesday, March 6th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $78.00.

In other SiteOne Landscape Supply news, EVP Ross Anker sold 16,025 shares of SiteOne Landscape Supply stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $62.52, for a total transaction of $1,001,883.00. Following the completion of the transaction, the executive vice president now owns 44,007 shares in the company, valued at approximately $2,751,317.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Pascal Convers sold 9,750 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $63.74, for a total value of $621,465.00. Following the transaction, the executive vice president now owns 9,750 shares of the company’s stock, valued at approximately $621,465. The disclosure for this sale can be found here. Insiders have sold a total of 87,941 shares of company stock valued at $5,762,923 in the last quarter. Company insiders own 4.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. American International Group Inc. increased its stake in shares of SiteOne Landscape Supply by 0.8% in the 4th quarter. American International Group Inc. now owns 26,718 shares of the industrial products company’s stock valued at $1,477,000 after purchasing an additional 215 shares in the last quarter. Stephens Inc. AR increased its stake in shares of SiteOne Landscape Supply by 5.4% in the 1st quarter. Stephens Inc. AR now owns 4,386 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 223 shares in the last quarter. Bank of Montreal Can increased its stake in shares of SiteOne Landscape Supply by 108.0% in the 4th quarter. Bank of Montreal Can now owns 570 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 296 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of SiteOne Landscape Supply by 7.9% in the 4th quarter. Prudential Financial Inc. now owns 4,212 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 308 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in shares of SiteOne Landscape Supply by 0.5% in the 1st quarter. Kennedy Capital Management Inc. now owns 63,485 shares of the industrial products company’s stock valued at $3,628,000 after purchasing an additional 315 shares in the last quarter.

Shares of SiteOne Landscape Supply stock traded up $0.38 during trading on Friday, reaching $69.30. The company’s stock had a trading volume of 540,774 shares, compared to its average volume of 357,677. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.94 and a current ratio of 2.38. The stock has a market capitalization of $2.84 billion, a P/E ratio of 40.06 and a beta of 1.10. SiteOne Landscape Supply has a 1-year low of $45.32 and a 1-year high of $95.04. The company has a 50-day moving average price of $66.21.

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.

Featured Story: Growth Stocks, What They Are, What They Are Not

Get a free copy of the Zacks research report on SiteOne Landscape Supply (SITE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for SiteOne Landscape Supply (NYSE:SITE)

Receive News & Ratings for SiteOne Landscape Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

KeyCorp Initiates Coverage on AppFolio
KeyCorp Initiates Coverage on AppFolio
Wolfgang Helmut Leoni Buys 410 Shares of Central and Eastern Europe Fund Inc  Stock
Wolfgang Helmut Leoni Buys 410 Shares of Central and Eastern Europe Fund Inc Stock
Raymond James Raises Amedisys  Price Target to $144.00
Raymond James Raises Amedisys Price Target to $144.00
Omeros’  Neutral Rating Reaffirmed at Wedbush
Omeros’ Neutral Rating Reaffirmed at Wedbush
Jefferies Financial Group Begins Coverage on Akero Therapeutics
Jefferies Financial Group Begins Coverage on Akero Therapeutics
Canaccord Genuity Begins Coverage on Slack
Canaccord Genuity Begins Coverage on Slack


 
© 2006-2019 Zolmax.