Equities research analysts forecast that SiteOne Landscape Supply, Inc. (NYSE:SITE) will report earnings of $0.57 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for SiteOne Landscape Supply’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.53. SiteOne Landscape Supply posted earnings of $0.36 per share during the same quarter last year, which suggests a positive year over year growth rate of 58.3%. The company is expected to report its next quarterly earnings results before the market opens on Wednesday, November 8th.

According to Zacks, analysts expect that SiteOne Landscape Supply will report full-year earnings of $1.39 per share for the current fiscal year, with EPS estimates ranging from $1.28 to $1.50. For the next financial year, analysts expect that the business will report earnings of $1.88 per share, with EPS estimates ranging from $1.76 to $1.99. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for SiteOne Landscape Supply.

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

Several equities analysts recently issued reports on SITE shares. Royal Bank Of Canada upped their price objective on SiteOne Landscape Supply from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, October 4th. BidaskClub raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $60.00 price objective (up from $55.00) on shares of SiteOne Landscape Supply in a research report on Thursday, August 10th. Finally, Zacks Investment Research cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $57.33.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bbva Compass Bancshares Inc. lifted its holdings in shares of SiteOne Landscape Supply by 47.9% during the 3rd quarter. Bbva Compass Bancshares Inc. now owns 17,321 shares of the industrial products company’s stock valued at $1,006,000 after buying an additional 5,609 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in shares of SiteOne Landscape Supply by 12.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 944,846 shares of the industrial products company’s stock valued at $54,896,000 after buying an additional 106,617 shares during the period. Parametrica Management Ltd bought a new position in shares of SiteOne Landscape Supply during the 3rd quarter valued at $410,000. Pictet Asset Management Ltd. lifted its holdings in shares of SiteOne Landscape Supply by 2.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,305,081 shares of the industrial products company’s stock valued at $75,826,000 after buying an additional 30,476 shares during the period. Finally, First Trust Advisors LP bought a new position in shares of SiteOne Landscape Supply during the 3rd quarter valued at $2,712,000.

Shares of SiteOne Landscape Supply (SITE) traded down 1.07% during trading on Monday, reaching $62.73. The company’s stock had a trading volume of 243,695 shares. SiteOne Landscape Supply has a 12 month low of $26.60 and a 12 month high of $63.90. The company’s 50 day moving average price is $59.15 and its 200 day moving average price is $52.95. The firm has a market cap of $2.49 billion, a PE ratio of 58.63 and a beta of 2.23.

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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