Equities analysts predict that SiteOne Landscape Supply Inc (NYSE:SITE) will post sales of $775.11 million for the current quarter, according to Zacks. Five analysts have made estimates for SiteOne Landscape Supply’s earnings, with the highest sales estimate coming in at $794.00 million and the lowest estimate coming in at $754.40 million. SiteOne Landscape Supply posted sales of $687.80 million in the same quarter last year, which suggests a positive year over year growth rate of 12.7%. The firm is expected to issue its next earnings report on Wednesday, August 7th.

On average, analysts expect that SiteOne Landscape Supply will report full year sales of $2.36 billion for the current financial year, with estimates ranging from $2.33 billion to $2.41 billion. For the next year, analysts anticipate that the firm will post sales of $2.57 billion, with estimates ranging from $2.46 billion to $2.73 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow SiteOne Landscape Supply.

SiteOne Landscape Supply (NYSE:SITE) last released 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 firm had revenue of $417.30 million during the quarter, compared to the consensus estimate of $425.91 million. SiteOne Landscape Supply had a net margin of 3.10% and a return on equity of 23.17%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.43) earnings per share.

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

NYSE SITE traded up $1.61 on Friday, hitting $66.10. 12,196 shares of the company’s stock traded hands, compared to its average volume of 420,922. The company has a current ratio of 2.38, a quick ratio of 0.94 and a debt-to-equity ratio of 2.87. SiteOne Landscape Supply has a 1-year low of $45.32 and a 1-year high of $95.49. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 38.21 and a beta of 1.14.

In related news, EVP Ross Anker sold 16,025 shares of the business’s stock in a transaction 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 approximately $2,751,317.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Pascal Convers sold 9,750 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $63.74, for a total transaction of $621,465.00. Following the completion of the sale, the executive vice president now directly owns 9,750 shares of the company’s stock, valued at approximately $621,465. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,525 shares of company stock valued at $2,157,551. Insiders own 4.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. purchased a new stake in SiteOne Landscape Supply in the 1st quarter worth $31,000. Bank of Montreal Can increased its holdings in 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 worth $32,000 after acquiring an additional 296 shares in the last quarter. Fifth Third Bancorp increased its holdings in SiteOne Landscape Supply by 39.9% in the 1st quarter. Fifth Third Bancorp now owns 771 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 220 shares in the last quarter. Park National Corp OH purchased a new stake in SiteOne Landscape Supply in the 1st quarter worth $207,000. Finally, First Allied Advisory Services Inc. purchased a new stake in SiteOne Landscape Supply in the 1st quarter worth $217,000.

SiteOne Landscape Supply Company Profile

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

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