Equities analysts forecast that SiteOne Landscape Supply Inc (NYSE:SITE) will post earnings per share (EPS) of ($0.55) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for SiteOne Landscape Supply’s earnings. The lowest EPS estimate is ($0.58) and the highest is ($0.51). SiteOne Landscape Supply reported earnings per share of $1.52 in the same quarter last year, which suggests a negative year-over-year growth rate of 136.2%. The company is expected to issue its next earnings results on Wednesday, July 29th.

On average, analysts expect that SiteOne Landscape Supply will report full-year earnings of $2.00 per share for the current financial year, with EPS estimates ranging from $1.80 to $2.20. For the next year, analysts anticipate that the firm will post earnings of $2.28 per share, with EPS estimates ranging from $1.98 to $2.58. Zacks’ earnings per share 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 issued its earnings results on Wednesday, April 29th. The industrial products company reported ($0.42) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.55) by $0.13. The company had revenue of $459.80 million for the quarter, compared to the consensus estimate of $454.84 million. SiteOne Landscape Supply had a net margin of 3.51% and a return on equity of 22.45%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.59) EPS.

Several research firms have recently weighed in on SITE. Zacks Investment Research raised shares of SiteOne Landscape Supply from a “hold” rating to a “strong-buy” rating and set a $126.00 price objective for the company in a report on Thursday, June 4th. SunTrust Banks lifted their price objective on SiteOne Landscape Supply from $98.00 to $114.00 in a research report on Wednesday, June 10th. Jefferies Financial Group increased their target price on SiteOne Landscape Supply from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Deutsche Bank cut their price target on SiteOne Landscape Supply from $89.00 to $68.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. Finally, Odeon Capital Group assumed coverage on shares of SiteOne Landscape Supply in a research report on Wednesday, April 8th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $94.67.

NYSE:SITE traded up $5.23 on Tuesday, reaching $109.41. The stock had a trading volume of 366,100 shares, compared to its average volume of 423,867. The company has a quick ratio of 0.94, a current ratio of 2.32 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $4.36 billion, a P/E ratio of 55.54 and a beta of 1.27. SiteOne Landscape Supply has a 1-year low of $53.29 and a 1-year high of $119.42. The stock has a fifty day moving average price of $103.37 and a 200-day moving average price of $91.72.

In other news, CEO Doug Black sold 15,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of $110.14, for a total transaction of $1,652,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.49% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Invesco Ltd. boosted its stake in SiteOne Landscape Supply by 899.4% in the 1st quarter. Invesco Ltd. now owns 588,306 shares of the industrial products company’s stock worth $43,311,000 after purchasing an additional 529,440 shares during the period. Norges Bank bought a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at about $26,061,000. Standard Life Aberdeen plc acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter worth about $19,332,000. Renaissance Technologies LLC bought a new position in shares of SiteOne Landscape Supply during the fourth quarter worth about $13,017,000. Finally, BlackRock Inc. raised its position in SiteOne Landscape Supply by 4.3% in the 1st quarter. BlackRock Inc. now owns 3,020,704 shares of the industrial products company’s stock valued at $222,384,000 after buying an additional 125,334 shares during the last quarter.

About SiteOne Landscape Supply

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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