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

SiteOne Landscape Supply (NYSE:SITE) is scheduled to be announcing its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.17 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.50 by $0.13. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $2.71 EPS. On average, analysts expect SiteOne Landscape Supply to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $141.44 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. The stock has a 50-day moving average of $142.93 and a 200-day moving average of $142.62. The company has a market cap of $6.39 billion, a PE ratio of 41.00 and a beta of 1.53. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SITE shares. Robert W. Baird raised their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays dropped their price target on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. The Goldman Sachs Group started coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price target on the stock. Jefferies Financial Group dropped their price target on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Finally, Royal Bank of Canada dropped their price target on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $147.20.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of SiteOne Landscape Supply stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $129.04, for a total transaction of $113,297.12. Following the transaction, the director now owns 11,267 shares of the company’s stock, valued at $1,453,893.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.70% of the company’s stock.

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.