Wall Street brokerages forecast that SiteOne Landscape Supply Inc (NYSE:SITE) will report earnings per share of ($0.04) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for SiteOne Landscape Supply’s earnings. The lowest EPS estimate is ($0.07) and the highest is $0.00. SiteOne Landscape Supply reported earnings of ($0.14) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 71.4%. The business is expected to issue its next quarterly earnings report before the market opens on Tuesday, February 20th.
According to Zacks, analysts expect that SiteOne Landscape Supply will report full year earnings of $1.39 per share for the current fiscal year. For the next financial year, analysts anticipate that the firm will report earnings of $1.89 per share, with EPS estimates ranging from $1.61 to $2.31. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for SiteOne Landscape Supply.
SITE has been the topic of several recent research reports. Barclays set a $65.00 price objective on SiteOne Landscape Supply and gave the company a “hold” rating in a research report on Monday, January 8th. UBS Group raised their price target on SiteOne Landscape Supply from $54.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. William Blair upgraded SiteOne Landscape Supply from a “market perform” rating to an “outperform” rating in a research report on Friday, January 26th. Finally, SunTrust Banks raised their price target on SiteOne Landscape Supply to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $71.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SITE. Teachers Advisors LLC raised its stake in SiteOne Landscape Supply by 213.6% during the second quarter. Teachers Advisors LLC now owns 61,202 shares of the industrial products company’s stock valued at $3,186,000 after buying an additional 41,687 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in SiteOne Landscape Supply by 194.1% during the second quarter. TIAA CREF Investment Management LLC now owns 91,380 shares of the industrial products company’s stock valued at $4,757,000 after purchasing an additional 60,308 shares during the period. BlackRock Inc. grew its holdings in 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 valued at $104,833,000 after purchasing an additional 1,123,148 shares during the period. Amalgamated Bank bought a new stake in SiteOne Landscape Supply during the second quarter valued at about $201,000. Finally, UBS Asset Management Americas Inc. grew its holdings in SiteOne Landscape Supply by 197.9% during the second quarter. UBS Asset Management Americas Inc. now owns 18,766 shares of the industrial products company’s stock valued at $977,000 after purchasing an additional 12,466 shares during the period.
Shares of SiteOne Landscape Supply (NYSE SITE) traded up $0.45 during trading on Wednesday, hitting $75.38. The stock had a trading volume of 24,407 shares, compared to its average volume of 289,293. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.69 and a quick ratio of 1.21. The company has a market cap of $2,963.10, a price-to-earnings ratio of 70.31 and a beta of 1.42. SiteOne Landscape Supply has a 12-month low of $38.19 and a 12-month high of $79.51.
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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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