SiteOne Landscape Supply, Inc. (SITE) Set to Announce Earnings on Tuesday
SiteOne Landscape Supply, Inc. (NYSE:SITE) is scheduled to post its quarterly earnings results before the market opens on Tuesday, August 15th. Analysts expect SiteOne Landscape Supply to post earnings of $1.09 per share for the quarter.
SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, May 10th. The industrial products company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.01. The company had revenue of $335 million during the quarter, compared to analysts’ expectations of $335.53 million. SiteOne Landscape Supply had a return on equity of 22.88% and a net margin of 1.55%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.85) EPS. On average, analysts expect SiteOne Landscape Supply to post $1.40 EPS for the current fiscal year and $1.87 EPS for the next fiscal year.
Shares of SiteOne Landscape Supply, Inc. (NYSE SITE) opened at 52.78 on Tuesday. SiteOne Landscape Supply, Inc. has a 12-month low of $26.60 and a 12-month high of $53.87. The firm has a 50-day moving average price of $52.05 and a 200 day moving average price of $46.66. The stock’s market cap is $2.10 billion.
SITE has been the subject of several analyst reports. Zacks Investment Research raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Wednesday, April 19th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $52.00 target price on shares of SiteOne Landscape Supply in a report on Monday, May 8th. Finally, Johnson Rice assumed coverage on SiteOne Landscape Supply in a research report on Monday, May 15th. They set an “accumulate” rating on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $49.00.
In other SiteOne Landscape Supply news, CEO Doug Black purchased 6,200 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were purchased at an average cost of $50.76 per share, with a total value of $314,712.00. Following the completion of the transaction, the chief executive officer now owns 400,743 shares of the company’s stock, valued at $20,341,714.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.00% of the stock is currently owned by insiders.
SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.
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