Brokerages Expect SiteOne Landscape Supply Inc (SITE) Will Post Earnings of $0.57 Per Share
Equities analysts forecast that SiteOne Landscape Supply Inc (NYSE:SITE) will announce $0.57 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for SiteOne Landscape Supply’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.53. SiteOne Landscape Supply reported earnings per share of $0.36 in the same quarter last year, which would indicate a positive year-over-year growth rate of 58.3%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, November 8th.
According to Zacks, analysts expect that SiteOne Landscape Supply will report full-year earnings of $1.39 per share for the current fiscal year, with EPS estimates ranging from $1.28 to $1.50. For the next fiscal year, analysts anticipate that the business will report earnings of $1.88 per share, with EPS estimates ranging from $1.76 to $1.99. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow SiteOne Landscape Supply.
SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, August 9th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.04). The company had revenue of $608.60 million for the quarter, compared to analyst estimates of $607.94 million. SiteOne Landscape Supply had a return on equity of 108.50% and a net margin of 7.26%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the company posted ($3.18) earnings per share.
SITE has been the topic of several analyst reports. Royal Bank Of Canada increased their target price on SiteOne Landscape Supply from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. BidaskClub raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Deutsche Bank AG reissued a “buy” rating and set a $60.00 target price (up from $55.00) on shares of SiteOne Landscape Supply in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $57.33.
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A number of large investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. acquired a new stake in SiteOne Landscape Supply in the second quarter valued at about $211,293,000. Vanguard Group Inc. boosted its stake in SiteOne Landscape Supply by 58.4% in the second quarter. Vanguard Group Inc. now owns 2,618,729 shares of the industrial products company’s stock valued at $136,330,000 after buying an additional 965,336 shares in the last quarter. FMR LLC boosted its stake in SiteOne Landscape Supply by 288.4% in the second quarter. FMR LLC now owns 2,017,984 shares of the industrial products company’s stock valued at $105,056,000 after buying an additional 1,498,436 shares in the last quarter. BlackRock Inc. boosted its stake in SiteOne Landscape Supply by 126.1% in the second quarter. BlackRock Inc. now owns 2,013,656 shares of the industrial products company’s stock valued at $104,833,000 after buying an additional 1,123,148 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its stake in SiteOne Landscape Supply by 2.9% in the second quarter. William Blair Investment Management LLC now owns 1,595,428 shares of the industrial products company’s stock valued at $83,058,000 after buying an additional 44,731 shares in the last quarter.
SiteOne Landscape Supply (SITE) traded up $0.45 on Monday, hitting $64.01. The stock had a trading volume of 400,492 shares, compared to its average volume of 302,850. The firm has a market cap of $2,540.00 and a price-to-earnings ratio of 61.73. SiteOne Landscape Supply has a 12 month low of $26.60 and a 12 month high of $64.67. The company has a current ratio of 2.44, a quick ratio of 1.06 and a debt-to-equity ratio of 2.58.
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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