SiteOne Landscape Supply Inc (SITE) Forecasted to Earn Q2 2019 Earnings of $1.54 Per Share

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SiteOne Landscape Supply Inc (NYSE:SITE) – Stock analysts at William Blair lowered their Q2 2019 EPS estimates for shares of SiteOne Landscape Supply in a report issued on Wednesday, May 1st. William Blair analyst R. Merkel now forecasts that the industrial products company will post earnings per share of $1.54 for the quarter, down from their prior estimate of $1.66.

Several other research firms have also recently weighed in on SITE. ValuEngine upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Zacks Investment Research cut shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. TheStreet upgraded shares of SiteOne Landscape Supply from a “d+” rating to a “c-” rating in a research report on Monday. Royal Bank of Canada cut shares of SiteOne Landscape Supply from an “outperform” rating to a “sector perform” rating and set a $59.00 price objective on the stock. in a research report on Thursday, January 31st. Finally, Berenberg Bank restated a “buy” rating and issued a $76.00 price objective on shares of SiteOne Landscape Supply in a research report on Wednesday, March 6th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. SiteOne Landscape Supply has an average rating of “Hold” and an average target price of $74.10.

SITE stock opened at $59.66 on Friday. The company has a current ratio of 2.71, a quick ratio of 1.25 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $2.44 billion, a P/E ratio of 34.49 and a beta of 1.14. SiteOne Landscape Supply has a 1-year low of $45.32 and a 1-year high of $95.49.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.59) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by ($0.11). The company had revenue of $417.30 million during the quarter, compared to the consensus estimate of $425.91 million. SiteOne Landscape Supply had a return on equity of 27.46% and a net margin of 3.50%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.43) earnings per share.

A number of hedge funds and other institutional investors have recently modified their holdings of SITE. Bank of Montreal Can boosted its stake in shares of SiteOne Landscape Supply by 108.0% during the fourth quarter. Bank of Montreal Can now owns 570 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 296 shares during the period. Park National Corp OH purchased a new stake in shares of SiteOne Landscape Supply during the first quarter valued at approximately $207,000. Stephens Inc. AR boosted its stake in shares of SiteOne Landscape Supply by 35.5% during the fourth quarter. Stephens Inc. AR now owns 4,163 shares of the industrial products company’s stock valued at $230,000 after purchasing an additional 1,091 shares during the period. Prudential Financial Inc. boosted its stake in shares of SiteOne Landscape Supply by 7.9% during the fourth quarter. Prudential Financial Inc. now owns 4,212 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 308 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $243,000.

In other SiteOne Landscape Supply news, EVP Pascal Convers sold 9,750 shares of the stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $54.70, for a total transaction of $533,325.00. Following the transaction, the executive vice president now directly owns 9,750 shares in the company, valued at $533,325. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 29,250 shares of company stock worth $1,688,993 over the last quarter. Company insiders own 4.10% of the company’s stock.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 120,000 stock keeping units, including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones, and blocks.

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

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