Analysts expect that SiteOne Landscape Supply Inc (NYSE:SITE) will report sales of $474.59 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for SiteOne Landscape Supply’s earnings. The highest sales estimate is $478.96 million and the lowest is $470.40 million. SiteOne Landscape Supply reported sales of $415.70 million during the same quarter last year, which indicates a positive year-over-year growth rate of 14.2%. The firm is scheduled to announce its next earnings report on Tuesday, February 19th.
On average, analysts expect that SiteOne Landscape Supply will report full year sales of $2.11 billion for the current fiscal year, with estimates ranging from $2.11 billion to $2.12 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.36 billion, with estimates ranging from $2.29 billion to $2.43 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover SiteOne Landscape Supply.
SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, October 31st. The industrial products company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). SiteOne Landscape Supply had a net margin of 3.90% and a return on equity of 31.11%. The company had revenue of $578.50 million during the quarter, compared to analyst estimates of $590.23 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis.
In related news, CEO Doug Black sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $58.12, for a total value of $697,440.00. Following the completion of the transaction, the chief executive officer now owns 398,228 shares in the company, valued at approximately $23,145,011.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP L Briley Brisendine, Jr. sold 2,700 shares of the firm’s stock in a transaction that occurred on Saturday, December 28th. The shares were sold at an average price of $55.62, for a total transaction of $150,174.00. Following the completion of the transaction, the executive vice president now owns 20,408 shares of the company’s stock, valued at approximately $1,135,092.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,950 shares of company stock valued at $2,807,777. 4.40% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Seven Eight Capital LP bought a new position in SiteOne Landscape Supply during the 3rd quarter worth approximately $1,145,000. Capital World Investors bought a new position in SiteOne Landscape Supply during the 3rd quarter worth approximately $53,228,000. Granite Investment Partners LLC raised its holdings in SiteOne Landscape Supply by 4.1% during the 3rd quarter. Granite Investment Partners LLC now owns 201,727 shares of the industrial products company’s stock worth $15,198,000 after purchasing an additional 7,892 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in SiteOne Landscape Supply by 1.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 540,698 shares of the industrial products company’s stock worth $40,736,000 after purchasing an additional 9,290 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its holdings in SiteOne Landscape Supply by 16.9% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 1,950,000 shares of the industrial products company’s stock worth $146,913,000 after purchasing an additional 281,521 shares during the last quarter.
SITE opened at $53.05 on Wednesday. SiteOne Landscape Supply has a 1-year low of $50.03 and a 1-year high of $95.49. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.29 and a current ratio of 2.72. The company has a market capitalization of $2.39 billion, a PE ratio of 43.84 and a beta of 1.41.
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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