Q1 2018 EPS Estimates for SiteOne Landscape Supply Inc (SITE) Increased by Analyst

SiteOne Landscape Supply Inc (NYSE:SITE) – SunTrust Banks upped their Q1 2018 EPS estimates for SiteOne Landscape Supply in a research report issued on Tuesday. SunTrust Banks analyst K. Hughes now anticipates that the industrial products company will post earnings of ($0.20) per share for the quarter, up from their prior estimate of ($0.21). SunTrust Banks has a “Buy” rating and a $89.00 price target on the stock. SunTrust Banks also issued estimates for SiteOne Landscape Supply’s Q3 2018 earnings at $0.69 EPS, Q4 2018 earnings at ($0.02) EPS and FY2018 earnings at $1.93 EPS.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Tuesday, February 20th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The business had revenue of $415.70 million during the quarter, compared to analyst estimates of $410.38 million. SiteOne Landscape Supply had a return on equity of 28.96% and a net margin of 2.93%. SiteOne Landscape Supply’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) earnings per share.

Several other analysts have also issued reports on SITE. Barclays reaffirmed an “equal weight” rating and issued a $67.00 target price (up previously from $65.00) on shares of SiteOne Landscape Supply in a research note on Wednesday. Zacks Investment Research raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. UBS Group set a $71.00 target price on SiteOne Landscape Supply and gave the stock a “sell” rating in a research note on Wednesday. Royal Bank of Canada set a $85.00 target price on SiteOne Landscape Supply and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, Robert W. Baird upped their target price on SiteOne Landscape Supply from $58.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $74.33.

Shares of SiteOne Landscape Supply (NYSE:SITE) opened at $72.22 on Friday. The stock has a market capitalization of $2,868.86, a P/E ratio of 58.37 and a beta of 1.42. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.69 and a quick ratio of 1.21. SiteOne Landscape Supply has a 52 week low of $38.95 and a 52 week high of $80.56.

In other news, CFO John T. Guthrie sold 20,000 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $70.91, for a total transaction of $1,418,200.00. Following the completion of the sale, the chief financial officer now owns 57,854 shares of the company’s stock, valued at $4,102,427.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Pascal Convers sold 9,750 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $74.25, for a total value of $723,937.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,110 shares of company stock valued at $3,490,093. Insiders own 4.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its holdings in shares of SiteOne Landscape Supply by 223.8% during the second quarter. Ameritas Investment Partners Inc. now owns 2,937 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 2,030 shares in the last quarter. We Are One Seven LLC bought a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $156,000. Catalyst Capital Advisors LLC bought a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of SiteOne Landscape Supply by 57.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,305 shares of the industrial products company’s stock valued at $177,000 after acquiring an additional 843 shares in the last quarter. Finally, First Allied Advisory Services Inc. bought a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $204,000.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://weekherald.com/2018/02/23/q1-2018-eps-estimates-for-siteone-landscape-supply-inc-site-increased-by-analyst.html.

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.

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

Receive News & Ratings for SiteOne Landscape Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply