Wall Street brokerages expect SiteOne Landscape Supply, Inc. (NYSE:SITE) to post sales of $507.22 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for SiteOne Landscape Supply’s earnings, with estimates ranging from $492.83 million to $518.00 million. SiteOne Landscape Supply posted sales of $444.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.1%. The company is scheduled to report its next earnings report on Monday, November 6th.

According to Zacks, analysts expect that SiteOne Landscape Supply will report full-year sales of $507.22 million for the current financial year, with estimates ranging from $1.82 billion to $1.88 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.97 billion per share, with estimates ranging from $1.90 billion to $2.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow SiteOne Landscape Supply.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.04. The business had revenue of $608.60 million during the quarter, compared to the consensus estimate of $607.94 million. SiteOne Landscape Supply had a net margin of 2.46% and a return on equity of 27.37%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the firm earned ($3.18) EPS.

A number of brokerages recently commented on SITE. Royal Bank Of Canada restated a “buy” rating and issued a $63.00 price target on shares of SiteOne Landscape Supply in a research report on Friday, August 11th. Zacks Investment Research cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Deutsche Bank AG reiterated a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of SiteOne Landscape Supply in a research report on Thursday, August 10th. Finally, Johnson Rice started coverage on SiteOne Landscape Supply in a research report on Monday, May 15th. They issued an “accumulate” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $54.50.

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In other SiteOne Landscape Supply news, CEO Doug Black bought 6,200 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were purchased at an average price of $50.76 per share, for a total transaction of $314,712.00. Following the completion of the transaction, the chief executive officer now directly owns 400,743 shares in the company, valued at approximately $20,341,714.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its stake in SiteOne Landscape Supply by 223.8% in the second quarter. Ameritas Investment Partners Inc. now owns 2,937 shares of the industrial products company’s stock valued at $153,000 after buying an additional 2,030 shares during the period. Advisor Group Inc. boosted its stake in SiteOne Landscape Supply by 156.6% in the second quarter. Advisor Group Inc. now owns 3,192 shares of the industrial products company’s stock valued at $165,000 after buying an additional 1,948 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in SiteOne Landscape Supply by 216.7% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 3,800 shares of the industrial products company’s stock valued at $184,000 after buying an additional 2,600 shares during the period. Great West Life Assurance Co. Can boosted its stake in SiteOne Landscape Supply by 191.5% in the second quarter. Great West Life Assurance Co. Can now owns 3,789 shares of the industrial products company’s stock valued at $197,000 after buying an additional 2,489 shares during the period. Finally, Amalgamated Bank purchased a new stake in SiteOne Landscape Supply during the second quarter valued at $201,000. Hedge funds and other institutional investors own 90.79% of the company’s stock.

Shares of SiteOne Landscape Supply (NYSE:SITE) opened at 49.34 on Friday. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 46.11 and a beta of 1.87. The firm has a 50-day moving average of $52.20 and a 200 day moving average of $47.78. SiteOne Landscape Supply has a one year low of $26.60 and a one year high of $53.87.

About SiteOne Landscape Supply

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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