Wall Street brokerages expect SiteOne Landscape Supply Inc (NYSE:SITE) to report sales of $753.20 million for the current quarter, according to Zacks. Five analysts have made estimates for SiteOne Landscape Supply’s earnings, with estimates ranging from $672.68 million to $792.00 million. SiteOne Landscape Supply posted sales of $752.40 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.1%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, July 29th.

According to Zacks, analysts expect that SiteOne Landscape Supply will report full year sales of $2.47 billion for the current year, with estimates ranging from $2.33 billion to $2.52 billion. For the next year, analysts forecast that the firm will report sales of $2.63 billion, with estimates ranging from $2.42 billion to $2.72 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for SiteOne Landscape Supply.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.13. The firm had revenue of $459.80 million for the quarter, compared to analyst estimates of $454.84 million. SiteOne Landscape Supply had a return on equity of 22.45% and a net margin of 3.51%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.59) EPS.

A number of equities research analysts have recently weighed in on the stock. SunTrust Banks boosted their price objective on shares of SiteOne Landscape Supply from $98.00 to $114.00 in a report on Wednesday, June 10th. Robert W. Baird lowered shares of SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $64.00 price target for the company. in a research report on Monday, April 6th. Barclays reaffirmed a “hold” rating and set a $78.00 price objective on shares of SiteOne Landscape Supply in a research note on Monday, April 20th. Odeon Capital Group began coverage on SiteOne Landscape Supply in a research note on Wednesday, April 8th. They issued a “buy” rating for the company. Finally, Zacks Investment Research upgraded SiteOne Landscape Supply from a “hold” rating to a “strong-buy” rating and set a $126.00 target price for the company in a report on Thursday, June 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $94.67.

In other news, CEO Doug Black sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 19th. The shares were sold at an average price of $110.14, for a total value of $1,652,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.49% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in shares of SiteOne Landscape Supply by 1.9% during the 1st quarter. Royal Bank of Canada now owns 393,543 shares of the industrial products company’s stock valued at $28,972,000 after buying an additional 7,327 shares in the last quarter. AXA purchased a new position in SiteOne Landscape Supply during the 1st quarter valued at approximately $530,000. Public Employees Retirement Association of Colorado grew its holdings in shares of SiteOne Landscape Supply by 39.5% in the first quarter. Public Employees Retirement Association of Colorado now owns 5,592 shares of the industrial products company’s stock valued at $412,000 after purchasing an additional 1,582 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of SiteOne Landscape Supply by 37.6% in the 1st quarter. HighTower Advisors LLC now owns 11,794 shares of the industrial products company’s stock worth $869,000 after buying an additional 3,224 shares during the last quarter. Finally, Fred Alger Management LLC increased its stake in SiteOne Landscape Supply by 15.4% during the first quarter. Fred Alger Management LLC now owns 615,878 shares of the industrial products company’s stock worth $45,341,000 after acquiring an additional 82,365 shares during the last quarter.

NYSE SITE traded up $5.23 on Thursday, reaching $109.41. 366,100 shares of the company’s stock traded hands, compared to its average volume of 423,867. The stock has a market cap of $4.36 billion, a PE ratio of 55.54 and a beta of 1.27. SiteOne Landscape Supply has a 12 month low of $53.29 and a 12 month high of $119.42. The stock has a 50-day simple moving average of $103.37 and a 200 day simple moving average of $91.72. The company has a debt-to-equity ratio of 2.26, a current ratio of 2.32 and a quick ratio of 0.94.

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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