SiteOne Landscape Supply (SITE) Scheduled to Post Earnings on Wednesday

SiteOne Landscape Supply (NYSE:SITE) will be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect SiteOne Landscape Supply to post earnings of ($0.21) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, February 14th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. The company had revenue of $965.00 million during the quarter, compared to analyst estimates of $942.21 million. SiteOne Landscape Supply had a return on equity of 12.13% and a net margin of 4.03%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) EPS. On average, analysts expect SiteOne Landscape Supply to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $162.54 on Monday. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 43.00 and a beta of 1.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.43 and a quick ratio of 1.10. The business has a fifty day moving average of $170.58 and a 200 day moving average of $156.78. SiteOne Landscape Supply has a 1 year low of $116.81 and a 1 year high of $188.01.

Insider Activity

In other news, CEO Doug Black sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the sale, the chief executive officer now directly owns 574,657 shares in the company, valued at approximately $93,151,899.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Doug Black sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the sale, the chief executive officer now directly owns 574,657 shares in the company, valued at approximately $93,151,899.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $180.00, for a total value of $540,000.00. Following the sale, the chief financial officer now owns 15,467 shares in the company, valued at $2,784,060. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock worth $3,924,500 in the last ninety days. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Royal Bank of Canada raised their target price on SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 15th. Loop Capital lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Robert W. Baird raised their target price on SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Barclays increased their price target on SiteOne Landscape Supply from $121.00 to $145.00 and gave the stock an “underweight” rating in a research report on Thursday, February 15th. Finally, Truist Financial increased their price target on SiteOne Landscape Supply from $170.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $172.88.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.