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

SiteOne Landscape Supply (NYSE:SITE) is scheduled to be announcing 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. Investors interested in registering for the company’s conference call can do so using this link.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, February 14th. The industrial products company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.07. SiteOne Landscape Supply had a return on equity of 12.13% and a net margin of 4.03%. The company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $942.21 million. During the same quarter last year, the business posted ($0.02) EPS. SiteOne Landscape Supply’s revenue for the quarter was up 8.4% on a year-over-year basis. 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 Price Performance

SiteOne Landscape Supply stock opened at $161.99 on Tuesday. The stock has a 50-day moving average price of $170.51 and a two-hundred day moving average price of $156.83. SiteOne Landscape Supply has a 12 month low of $116.81 and a 12 month high of $188.01. The company has a market capitalization of $7.32 billion, a PE ratio of 42.85 and a beta of 1.54. The company has a current ratio of 2.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.29.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $180.00, for a total transaction of $540,000.00. Following the transaction, the chief financial officer now directly owns 15,467 shares in the company, valued at approximately $2,784,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total value of $1,621,000.00. Following the transaction, the chief executive officer now owns 574,657 shares in the company, valued at $93,151,899.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,784,060. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,000 shares of company stock worth $3,924,500. 2.70% of the stock is owned by corporate insiders.

SiteOne Landscape Supply Company Profile

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.