SiteOne Landscape Supply (SITE) Set to Announce Quarterly Earnings on Wednesday

SiteOne Landscape Supply (NYSE:SITE) is scheduled to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly 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 business had revenue of $965.00 million for the quarter, compared to the consensus estimate of $942.21 million. SiteOne Landscape Supply had a return on equity of 12.13% and a net margin of 4.03%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) earnings per share. 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 SiteOne Landscape Supply stock opened at $162.55 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $170.82 and a 200 day moving average price of $156.74. SiteOne Landscape Supply has a 52 week low of $116.81 and a 52 week high of $188.01. The firm has a market capitalization of $7.35 billion, a P/E ratio of 43.00 and a beta of 1.54.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, CFO John T. Guthrie sold 3,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $180.00, for a total value of $540,000.00. Following the completion of the transaction, the chief financial officer now owns 15,467 shares of the company’s stock, valued at approximately $2,784,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the transaction, the chief executive officer now directly owns 574,657 shares of the company’s stock, valued at $93,151,899.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $180.00, for a total transaction of $540,000.00. Following the completion of the sale, the chief financial officer now owns 15,467 shares in the company, valued at approximately $2,784,060. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,000 shares of company stock valued at $3,924,500. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

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