Analysts expect SiteOne Landscape Supply Inc (NYSE:SITE) to post sales of $382.39 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for SiteOne Landscape Supply’s earnings, with the lowest sales estimate coming in at $372.58 million and the highest estimate coming in at $391.60 million. SiteOne Landscape Supply reported sales of $335.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.1%. The business is scheduled to announce its next earnings report on Wednesday, May 9th.

On average, analysts expect that SiteOne Landscape Supply will report full-year sales of $382.39 million for the current financial year, with estimates ranging from $2.00 billion to $2.15 billion. For the next fiscal year, analysts expect that the business will report sales of $2.29 billion per share, with estimates ranging from $2.12 billion to $2.45 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for SiteOne Landscape Supply.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. The firm had revenue of $415.70 million for the quarter, compared to analyst estimates of $410.38 million. SiteOne Landscape Supply had a net margin of 2.93% and a return on equity of 27.59%. SiteOne Landscape Supply’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company posted ($0.14) EPS.

A number of research analysts recently weighed in on SITE shares. Barclays set a $65.00 price target on shares of SiteOne Landscape Supply and gave the company a “hold” rating in a research note on Monday, January 8th. Zacks Investment Research upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. UBS downgraded shares of SiteOne Landscape Supply from a “neutral” rating to a “sell” rating and set a $72.00 price objective for the company. in a report on Monday, January 22nd. They noted that the move was a valuation call. William Blair upgraded shares of SiteOne Landscape Supply from a “market perform” rating to an “outperform” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada set a $85.00 price objective on shares of SiteOne Landscape Supply and gave the company a “buy” rating in a report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $74.33.

In other news, EVP Ross Anker sold 6,080 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $77.19, for a total transaction of $469,315.20. Following the completion of the sale, the executive vice president now owns 34,040 shares in the company, valued at approximately $2,627,547.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP L Briley Brisendine, Jr. sold 1,600 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $72.02, for a total transaction of $115,232.00. Following the sale, the executive vice president now owns 33,861 shares of the company’s stock, valued at approximately $2,438,669.22. The disclosure for this sale can be found here. Insiders have sold a total of 19,840 shares of company stock valued at $1,462,560 in the last 90 days. Insiders own 4.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in SITE. We Are One Seven LLC acquired a new stake in SiteOne Landscape Supply in the 4th quarter valued at approximately $156,000. Catalyst Capital Advisors LLC acquired a new stake in SiteOne Landscape Supply in the 4th quarter valued at approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in SiteOne Landscape Supply by 57.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,305 shares of the industrial products company’s stock valued at $177,000 after purchasing an additional 843 shares during the last quarter. First Allied Advisory Services Inc. acquired a new stake in SiteOne Landscape Supply in the 4th quarter valued at approximately $204,000. Finally, Prudential Financial Inc. purchased a new position in SiteOne Landscape Supply in the 3rd quarter valued at approximately $205,000.

SiteOne Landscape Supply stock opened at $75.98 on Thursday. The firm has a market cap of $2,952.25, a PE ratio of 58.00 and a beta of 1.87. SiteOne Landscape Supply has a 12 month low of $45.00 and a 12 month high of $80.56. The company has a quick ratio of 1.28, a current ratio of 2.92 and a debt-to-equity ratio of 2.19.

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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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Earnings History and Estimates for SiteOne Landscape Supply (NYSE:SITE)

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