Zacks: Brokerages Anticipate SiteOne Landscape Supply Inc (SITE) to Post -$0.04 EPS

Brokerages expect that SiteOne Landscape Supply Inc (NYSE:SITE) will announce ($0.04) earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for SiteOne Landscape Supply’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at $0.00. SiteOne Landscape Supply posted earnings per share of ($0.14) in the same quarter last year, which indicates a positive year over year growth rate of 71.4%. The firm is expected to report its next earnings results on Wednesday, March 21st.

On average, analysts expect that SiteOne Landscape Supply will report full year earnings of $1.23 per share for the current year, with EPS estimates ranging from $1.17 to $1.28. For the next fiscal year, analysts forecast that the firm will report earnings of $1.77 per share, with EPS estimates ranging from $1.69 to $1.94. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover SiteOne Landscape Supply.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.14). The company had revenue of $502.40 million during the quarter, compared to analyst estimates of $506.28 million. SiteOne Landscape Supply had a net margin of 2.49% and a return on equity of 26.42%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS.

Several equities analysts have recently issued reports on SITE shares. Zacks Investment Research cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Royal Bank of Canada upped their price target on SiteOne Landscape Supply from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. Robert W. Baird upped their price target on SiteOne Landscape Supply from $58.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. SunTrust Banks upped their price target on SiteOne Landscape Supply to $70.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, UBS Group upped their price target on SiteOne Landscape Supply from $54.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $68.50.

In other SiteOne Landscape Supply news, VP Joseph Ketter sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $71.67, for a total transaction of $179,175.00. Following the completion of the transaction, the vice president now owns 7,716 shares of the company’s stock, valued at $553,005.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ross Anker sold 6,080 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $71.38, for a total value of $433,990.40. The disclosure for this sale can be found here. Insiders sold a total of 100,967 shares of company stock valued at $7,138,256 in the last ninety days. 4.00% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the business. K.J. Harrison & Partners Inc acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $831,000. Hennessy Advisors Inc. acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $37,307,000. GW&K Investment Management LLC raised its holdings in shares of SiteOne Landscape Supply by 41.3% during the fourth quarter. GW&K Investment Management LLC now owns 151,194 shares of the industrial products company’s stock valued at $11,597,000 after acquiring an additional 44,225 shares during the last quarter. McCollum Christoferson Group LLC acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $3,779,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of SiteOne Landscape Supply by 5.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 179,961 shares of the industrial products company’s stock valued at $13,804,000 after acquiring an additional 9,073 shares during the last quarter.

Shares of SiteOne Landscape Supply (NYSE SITE) traded up $4.21 during mid-day trading on Friday, hitting $78.85. The stock had a trading volume of 501,479 shares, compared to its average volume of 278,833. The firm has a market cap of $2,968.27, a PE ratio of 73.01 and a beta of 2.66. The company has a current ratio of 2.69, a quick ratio of 1.21 and a debt-to-equity ratio of 2.35. SiteOne Landscape Supply has a fifty-two week low of $37.16 and a fifty-two week high of $79.51.

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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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