SiteOne Landscape Supply (SITE) to Release Quarterly Earnings on Wednesday

SiteOne Landscape Supply (NYSE:SITE) is set to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect SiteOne Landscape Supply to post earnings of ($0.21) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, February 14th. The industrial products company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.07. The firm had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $942.21 million. SiteOne Landscape Supply had a return on equity of 12.13% and a net margin of 4.03%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) earnings per share. On average, analysts expect SiteOne Landscape Supply to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

SiteOne Landscape Supply Stock Performance

Shares of SiteOne Landscape Supply stock opened at $162.55 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply has a 52 week low of $116.81 and a 52 week high of $188.01. The firm’s 50 day moving average is $170.82 and its two-hundred day moving average is $156.74. The firm has a market capitalization of $7.35 billion, a P/E ratio of 43.00 and a beta of 1.54.

Insider Buying and Selling

In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total value of $1,621,000.00. Following the transaction, the chief executive officer now directly owns 574,657 shares in the company, valued at approximately $93,151,899.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total value of $1,621,000.00. Following the sale, the chief executive officer now owns 574,657 shares of the company’s stock, valued at $93,151,899.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $180.00, for a total transaction of $540,000.00. Following the transaction, the chief financial officer now directly owns 15,467 shares of the company’s stock, valued at $2,784,060. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock valued at $3,924,500 over the last quarter. 2.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SITE. Barclays upped their target price on shares of SiteOne Landscape Supply from $121.00 to $145.00 and gave the company an “underweight” rating in a report on Thursday, February 15th. Loop Capital downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Robert W. Baird lifted their target price on SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Truist Financial boosted their target price on SiteOne Landscape Supply from $170.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada raised their price target on SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $172.88.

SiteOne Landscape Supply Company Profile

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.