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

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) is scheduled to release its earnings data before the market opens on Wednesday, October 30th. Analysts expect SiteOne Landscape Supply to post earnings of $1.17 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.13. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business earned $2.71 EPS. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts expect SiteOne Landscape Supply to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SiteOne Landscape Supply Trading Down 0.0 %

NYSE:SITE traded down $0.01 during trading hours on Wednesday, hitting $139.19. 336,526 shares of the stock were exchanged, compared to its average volume of 362,153. The company's 50 day moving average is $142.72 and its two-hundred day moving average is $143.11. SiteOne Landscape Supply has a twelve month low of $114.60 and a twelve month high of $188.01. The company has a quick ratio of 1.10, a current ratio of 2.47 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $6.28 billion, a P/E ratio of 41.30 and a beta of 1.53.

Analyst Ratings Changes

Several analysts have commented on SITE shares. UBS Group dropped their target price on shares of SiteOne Landscape Supply from $190.00 to $185.00 and set a "buy" rating for the company in a research report on Tuesday, July 9th. Barclays dropped their target price on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an "underweight" rating for the company in a research report on Friday, July 12th. The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a "neutral" rating and a $158.00 price objective for the company. Stifel Nicolaus cut shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 price objective for the company. in a research report on Thursday, August 1st. Finally, Jefferies Financial Group lowered their price objective on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a "hold" rating for the company in a research report on Thursday, July 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $147.20.

Insider Transactions at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 878 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $129.04, for a total transaction of $113,297.12. Following the completion of the transaction, the director now directly owns 11,267 shares in the company, valued at $1,453,893.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company's stock.

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.