Analysts predict that SiteOne Landscape Supply Inc (NYSE:SITE) will post sales of $410.74 million for the current quarter, according to Zacks. Four analysts have issued estimates for SiteOne Landscape Supply’s earnings. The highest sales estimate is $417.00 million and the lowest is $404.31 million. SiteOne Landscape Supply posted sales of $361.80 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.5%. The firm is expected to report its next earnings report on Wednesday, March 21st.

On average, analysts expect that SiteOne Landscape Supply will report full-year sales of $410.74 million for the current fiscal year, with estimates ranging from $1.85 billion to $1.86 billion. For the next year, analysts anticipate that the company will post sales of $2.02 billion per share, with estimates ranging from $1.96 billion to $2.10 billion. Zacks Investment Research’s sales calculations are a mean 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, November 8th. The industrial products company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.14). The firm had revenue of $502.40 million during the quarter, compared to the consensus estimate of $506.28 million. SiteOne Landscape Supply had a net margin of 2.49% and a return on equity of 26.42%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS.

Several equities research analysts recently commented on SITE shares. UBS boosted their price target on SiteOne Landscape Supply from $54.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Royal Bank Of Canada boosted their price target on SiteOne Landscape Supply from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 4th. Zacks Investment Research cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. BidaskClub raised SiteOne Landscape Supply from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 21st. Finally, SunTrust Banks boosted their price target on SiteOne Landscape Supply to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $66.00.

In related news, EVP Pascal Convers sold 9,750 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $74.25, for a total value of $723,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John T. Guthrie sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $70.91, for a total value of $1,418,200.00. Following the completion of the sale, the chief financial officer now owns 57,854 shares of the company’s stock, valued at $4,102,427.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,887 shares of company stock valued at $6,704,265. Corporate insiders own 4.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. acquired a new position in shares of SiteOne Landscape Supply during the second quarter worth approximately $211,293,000. Vanguard Group Inc. lifted its holdings in shares of SiteOne Landscape Supply by 58.4% during the second quarter. Vanguard Group Inc. now owns 2,618,729 shares of the industrial products company’s stock worth $136,330,000 after buying an additional 965,336 shares during the last quarter. FMR LLC lifted its holdings in shares of SiteOne Landscape Supply by 288.4% during the second quarter. FMR LLC now owns 2,017,984 shares of the industrial products company’s stock worth $105,056,000 after buying an additional 1,498,436 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of SiteOne Landscape Supply by 126.1% during the second quarter. BlackRock Inc. now owns 2,013,656 shares of the industrial products company’s stock worth $104,833,000 after buying an additional 1,123,148 shares during the last quarter. Finally, Bamco Inc. NY lifted its holdings in shares of SiteOne Landscape Supply by 11.2% during the third quarter. Bamco Inc. NY now owns 1,720,722 shares of the industrial products company’s stock worth $99,974,000 after buying an additional 172,650 shares during the last quarter.

Shares of SiteOne Landscape Supply (SITE) traded down $0.17 during midday trading on Friday, hitting $70.78. The company had a trading volume of 245,204 shares, compared to its average volume of 384,644. The company has a market cap of $2,810.00 and a PE ratio of 65.54. SiteOne Landscape Supply has a 1-year low of $31.52 and a 1-year high of $75.66. The company has a current ratio of 2.69, a quick ratio of 1.21 and a debt-to-equity ratio of 2.35.

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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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