Analysts Anticipate SiteOne Landscape Supply Inc (SITE) Will Post Earnings of $1.62 Per Share

Equities research analysts expect that SiteOne Landscape Supply Inc (NYSE:SITE) will report earnings per share of $1.62 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for SiteOne Landscape Supply’s earnings. The highest EPS estimate is $1.65 and the lowest is $1.60. SiteOne Landscape Supply reported earnings of $1.48 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The business is scheduled to report its next quarterly earnings report on Wednesday, August 7th.

According to Zacks, 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 forecast that the company will report earnings of $2.30 per share, with EPS estimates ranging from $2.12 to $2.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for SiteOne Landscape Supply.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.11). The business had revenue of $417.30 million for 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%. SiteOne Landscape Supply’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.43) EPS.

A number of equities research analysts have recently issued reports on SITE shares. ValuEngine upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Friday, April 5th. TheStreet upgraded SiteOne Landscape Supply from a “d+” rating to a “c-” rating in a report on Monday, April 29th. Zacks Investment Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 24th. Royal Bank of Canada cut SiteOne Landscape Supply from an “outperform” rating to a “sector perform” rating and set a $59.00 price objective for the company. in a report on Thursday, January 31st. Finally, Berenberg Bank restated a “buy” rating and set a $76.00 price objective on shares of SiteOne Landscape Supply in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $74.10.

NYSE SITE traded up $1.61 during trading on Wednesday, reaching $66.10. 12,196 shares of the company’s stock were exchanged, compared to its average volume of 420,922. The company has a market cap of $2.55 billion, a PE ratio of 38.21 and a beta of 1.14. The company has a quick ratio of 0.94, a current ratio of 2.38 and a debt-to-equity ratio of 2.87. SiteOne Landscape Supply has a fifty-two week low of $45.32 and a fifty-two week high of $95.49.

In related news, EVP Pascal Convers sold 9,750 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $63.74, for a total value of $621,465.00. Following the completion of the sale, the executive vice president now directly owns 9,750 shares in the company, valued at $621,465. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ross Anker sold 16,025 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $62.52, for a total value of $1,001,883.00. Following the completion of the sale, the executive vice president now owns 44,007 shares of the company’s stock, valued at $2,751,317.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,525 shares of company stock valued at $2,157,551. Corporate insiders own 4.10% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Assetmark Inc. bought a new stake in shares of SiteOne Landscape Supply in the first quarter valued at approximately $31,000. Bank of Montreal Can boosted its stake in shares of SiteOne Landscape Supply by 108.0% in the fourth quarter. Bank of Montreal Can now owns 570 shares of the industrial products company’s stock valued at $32,000 after buying an additional 296 shares during the period. Fifth Third Bancorp boosted its stake in shares of SiteOne Landscape Supply by 39.9% in the first quarter. Fifth Third Bancorp now owns 771 shares of the industrial products company’s stock valued at $44,000 after buying an additional 220 shares during the period. Park National Corp OH bought a new stake in shares of SiteOne Landscape Supply in the first quarter valued at approximately $207,000. Finally, First Allied Advisory Services Inc. bought a new stake in shares of SiteOne Landscape Supply in the first quarter valued at approximately $217,000.

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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