$0.16 EPS Expected for SiteOne Landscape Supply, Inc. (NYSE:SITE) This Quarter

Brokerages expect that SiteOne Landscape Supply, Inc. (NYSE:SITEGet Rating) will post earnings of $0.16 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for SiteOne Landscape Supply’s earnings, with estimates ranging from $0.08 to $0.25. SiteOne Landscape Supply also reported earnings per share of $0.16 during the same quarter last year. The company is scheduled to announce its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that SiteOne Landscape Supply will report full year earnings of $5.41 per share for the current financial year, with EPS estimates ranging from $5.15 to $5.65. For the next year, analysts anticipate that the business will post earnings of $6.15 per share, with EPS estimates ranging from $5.75 to $6.60. Zacks’ EPS averages 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:SITEGet Rating) last issued its quarterly earnings data on Wednesday, February 16th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.33. The business had revenue of $805.20 million during the quarter, compared to the consensus estimate of $744.09 million. SiteOne Landscape Supply had a return on equity of 24.95% and a net margin of 6.86%. The business’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share.

SITE has been the topic of several analyst reports. Robert W. Baird increased their target price on SiteOne Landscape Supply from $216.00 to $232.00 in a research note on Thursday, February 17th. Zacks Investment Research cut SiteOne Landscape Supply from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 20th. Loop Capital reduced their price objective on shares of SiteOne Landscape Supply from $190.00 to $170.00 and set a “hold” rating on the stock in a research note on Thursday, April 7th. Truist Financial reduced their price target on shares of SiteOne Landscape Supply from $275.00 to $200.00 and set a “hold” rating on the stock in a research note on Thursday, February 17th. Finally, William Blair reiterated an “outperform” rating on shares of SiteOne Landscape Supply in a report on Friday, March 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, SiteOne Landscape Supply has an average rating of “Hold” and an average price target of $197.75.

Shares of NYSE SITE traded down $0.15 during mid-day trading on Thursday, reaching $141.98. 780 shares of the company traded hands, compared to its average volume of 351,417. The stock has a market cap of $6.37 billion, a PE ratio of 27.33 and a beta of 1.30. The company’s fifty day moving average is $162.76 and its two-hundred day moving average is $199.52. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.96 and a current ratio of 2.20. SiteOne Landscape Supply has a fifty-two week low of $141.51 and a fifty-two week high of $260.00.

In other news, CEO Doug Black sold 17,431 shares of the business’s stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $149.12, for a total transaction of $2,599,310.72. Following the completion of the transaction, the chief executive officer now directly owns 468,918 shares of the company’s stock, valued at $69,925,052.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders sold 52,193 shares of company stock worth $8,426,900. Insiders own 2.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of SITE. National Bank of Canada FI bought a new stake in shares of SiteOne Landscape Supply during the fourth quarter worth $34,000. Liberty Wealth Management LLC grew its stake in SiteOne Landscape Supply by 1,053.8% in the third quarter. Liberty Wealth Management LLC now owns 150 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 137 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of SiteOne Landscape Supply by 111.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 148 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 78 shares in the last quarter. Covestor Ltd purchased a new position in shares of SiteOne Landscape Supply in the fourth quarter worth $38,000. Finally, Confluence Wealth Services Inc. purchased a new position in shares of SiteOne Landscape Supply in the fourth quarter worth $54,000.

SiteOne Landscape Supply Company Profile (Get Rating)

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 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; 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; 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.

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