Brokerages forecast that SiteOne Landscape Supply Inc (NYSE:SITE) will post sales of $594.55 million for the current quarter, Zacks reports. Two analysts have provided estimates for SiteOne Landscape Supply’s earnings. The highest sales estimate is $599.00 million and the lowest is $590.10 million. SiteOne Landscape Supply posted sales of $502.40 million in the same quarter last year, which suggests a positive year-over-year growth rate of 18.3%. The firm is scheduled to issue its next earnings report on Wednesday, November 14th.

On average, analysts expect that SiteOne Landscape Supply will report full-year sales of $2.13 billion for the current financial year, with estimates ranging from $2.09 billion to $2.15 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.37 billion per share, with estimates ranging from $2.22 billion to $2.46 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover SiteOne Landscape Supply.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.07). The business had revenue of $687.80 million during the quarter, compared to the consensus estimate of $689.21 million. SiteOne Landscape Supply had a net margin of 3.39% and a return on equity of 28.71%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $1.07 EPS.

Several equities research analysts have issued reports on SITE shares. Robert W. Baird lowered shares of SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $38.00 price target on the stock. in a report on Tuesday, July 3rd. Barclays boosted their price target on shares of SiteOne Landscape Supply from $67.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. Zacks Investment Research lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. ValuEngine raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Finally, Royal Bank of Canada boosted their price target on shares of SiteOne Landscape Supply to $110.00 and gave the company a “positive” rating in a report on Wednesday, June 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $80.57.

In other news, CFO John T. Guthrie sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $89.90, for a total value of $899,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP L Briley Brisendine, Jr. sold 1,600 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $89.05, for a total transaction of $142,480.00. Following the completion of the sale, the executive vice president now directly owns 28,348 shares in the company, valued at approximately $2,524,389.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 188,575 shares of company stock worth $16,988,924. 4.40% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. bought a new stake in SiteOne Landscape Supply during the 2nd quarter worth approximately $71,949,000. Wells Fargo & Company MN lifted its holdings in SiteOne Landscape Supply by 51.3% in the 1st quarter. Wells Fargo & Company MN now owns 1,920,133 shares of the industrial products company’s stock worth $147,927,000 after buying an additional 651,461 shares during the period. BlackRock Inc. lifted its holdings in SiteOne Landscape Supply by 29.0% in the 2nd quarter. BlackRock Inc. now owns 2,882,470 shares of the industrial products company’s stock worth $242,041,000 after buying an additional 648,424 shares during the period. Redwood Investments LLC purchased a new stake in SiteOne Landscape Supply in the 2nd quarter worth approximately $16,482,000. Finally, Bank of America Corp DE lifted its holdings in SiteOne Landscape Supply by 278.6% in the 2nd quarter. Bank of America Corp DE now owns 201,306 shares of the industrial products company’s stock worth $16,905,000 after buying an additional 148,135 shares during the period.

SiteOne Landscape Supply stock traded down $2.96 on Monday, hitting $87.91. The company’s stock had a trading volume of 325,200 shares, compared to its average volume of 331,825. The firm has a market capitalization of $3.73 billion, a PE ratio of 73.32 and a beta of 1.29. The company has a debt-to-equity ratio of 2.15, a current ratio of 2.69 and a quick ratio of 1.23. SiteOne Landscape Supply has a one year low of $52.92 and a one year high of $95.49.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc, through its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; nursery goods outdoor lighting; and ice melt products, as well as hardscapes, including pavers, natural stones, and blocks; turf protection products; grass seed; and turf care equipment and golf course maintenance supplies, as well as value-added consultative services to its customers.

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

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