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

SiteOne Landscape Supply (NYSE:SITE) issued its quarterly earnings data on Wednesday. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates 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

Shares of SITE stock opened at $145.91 on Friday. SiteOne Landscape Supply has a 12 month low of $114.60 and a 12 month high of $188.01. The company has a market capitalization of $6.58 billion, a PE ratio of 47.22 and a beta of 1.57. The firm’s 50-day moving average is $138.24 and its two-hundred day moving average is $141.45. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

Analysts Set New Price Targets

SITE has been the topic of a number of recent analyst reports. Barclays increased their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Stifel Nicolaus restated a “hold” rating and set a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday. Robert W. Baird lowered their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday. StockNews.com downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, UBS Group lowered their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $154.56.

Insider Buying and Selling

In other news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total value of $924,300.00. Following the transaction, the executive vice president now owns 12,942 shares of the company’s stock, valued at $1,840,352.40. This represents a 33.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

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.