Equities research analysts expect SiteOne Landscape Supply Inc (NYSE:SITE) to post sales of $594.55 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for SiteOne Landscape Supply’s earnings, with the lowest sales estimate coming in at $590.10 million and the highest estimate coming in at $599.00 million. SiteOne Landscape Supply reported sales of $502.40 million in the same quarter last year, which indicates a positive year over year growth rate of 18.3%. The business is scheduled to report its next earnings report on Wednesday, November 14th.
According to Zacks, analysts expect that SiteOne Landscape Supply will report full-year sales of $2.13 billion for the current financial year, with estimates ranging from $2.09 billion to $2.15 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.37 billion per share, with estimates ranging from $2.22 billion to $2.46 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover SiteOne Landscape Supply.
SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $1.48 EPS for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.07). The company had revenue of $687.80 million for the quarter, compared to analyst estimates of $689.21 million. SiteOne Landscape Supply had a return on equity of 28.71% and a net margin of 3.39%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 EPS.
In other news, CEO Doug Black sold 12,000 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $78.02, for a total value of $936,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Pascal Convers sold 30,000 shares of SiteOne Landscape Supply stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $80.73, for a total transaction of $2,421,900.00. The disclosure for this sale can be found here. Insiders sold a total of 208,575 shares of company stock worth $18,366,776 over the last quarter. Company insiders own 4.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. purchased a new position in shares of SiteOne Landscape Supply in the 1st quarter valued at about $225,000. Sphera Funds Management LTD. acquired a new stake in SiteOne Landscape Supply during the 1st quarter worth approximately $231,000. Xact Kapitalforvaltning AB acquired a new stake in SiteOne Landscape Supply during the 4th quarter worth approximately $294,000. SG Americas Securities LLC lifted its position in SiteOne Landscape Supply by 87.6% during the 2nd quarter. SG Americas Securities LLC now owns 4,104 shares of the industrial products company’s stock worth $345,000 after acquiring an additional 1,916 shares during the period. Finally, Strs Ohio lifted its position in SiteOne Landscape Supply by 246.2% during the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock worth $377,000 after acquiring an additional 3,200 shares during the period.
NYSE:SITE traded down $1.16 during trading hours on Tuesday, hitting $91.96. 298,058 shares of the stock traded hands, compared to its average volume of 394,114. The company has a quick ratio of 1.23, a current ratio of 2.69 and a debt-to-equity ratio of 2.15. SiteOne Landscape Supply has a fifty-two week low of $48.19 and a fifty-two week high of $95.49. The company has a market cap of $3.77 billion, a P/E ratio of 63.35 and a beta of 1.40.
SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply, Inc, through its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; nursery goods outdoor lighting; and ice melt products, as well as hardscapes, including pavers, natural stones, and blocks; turf protection products; grass seed; and turf care equipment and golf course maintenance supplies, as well as value-added consultative services to its customers.
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