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

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) is projected to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect SiteOne Landscape Supply to post earnings of ($0.26) per share and revenue of $998.53 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

SiteOne Landscape Supply Trading Down 3.1 %

SITE stock traded down $4.26 during trading on Friday, hitting $133.09. The company had a trading volume of 303,637 shares, compared to its average volume of 303,276. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $139.18 and a 200-day moving average price of $141.56. SiteOne Landscape Supply has a 12 month low of $114.60 and a 12 month high of $188.01. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 43.07 and a beta of 1.57.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Tuesday, January 28th. Barclays upped their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and upped their target price for the company from $145.00 to $175.00 in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply has a consensus rating of "Hold" and a consensus price target of $156.44.

Insider Activity at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the transaction, the executive vice president now directly owns 12,942 shares of the company's stock, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is owned by corporate insiders.

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.