SiteOne Landscape Supply Inc (SITE) Expected to Announce Quarterly Sales of $775.11 Million
Analysts expect that SiteOne Landscape Supply Inc (NYSE:SITE) will report $775.11 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for SiteOne Landscape Supply’s earnings. The lowest sales estimate is $754.40 million and the highest is $794.00 million. SiteOne Landscape Supply reported sales of $687.80 million in the same quarter last year, which indicates a positive year over year growth rate of 12.7%. The business is scheduled to announce its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that SiteOne Landscape Supply will report full-year sales of $2.36 billion for the current fiscal year, with estimates ranging from $2.33 billion to $2.41 billion. For the next financial year, analysts forecast that the firm will post sales of $2.57 billion, with estimates ranging from $2.46 billion to $2.73 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow SiteOne Landscape Supply.
SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.11). The business had revenue of $417.30 million for the quarter, compared to analyst estimates of $425.91 million. SiteOne Landscape Supply had a return on equity of 23.17% and a net margin of 3.10%. SiteOne Landscape Supply’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.43) EPS.
NYSE SITE traded down $2.80 during trading on Friday, reaching $61.90. 8,988 shares of the company’s stock were exchanged, compared to its average volume of 438,485. The company has a market cap of $2.63 billion, a PE ratio of 35.85 and a beta of 1.14. The company has a quick ratio of 0.94, a current ratio of 2.38 and a debt-to-equity ratio of 2.87. SiteOne Landscape Supply has a fifty-two week low of $45.32 and a fifty-two week high of $95.49.
In related news, EVP Pascal Convers sold 9,750 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $54.79, for a total value of $534,202.50. Following the completion of the sale, the executive vice president now directly owns 9,750 shares in the company, valued at $534,202.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ross Anker sold 16,025 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $62.52, for a total value of $1,001,883.00. Following the completion of the sale, the executive vice president now owns 44,007 shares of the company’s stock, valued at $2,751,317.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,275 shares of company stock valued at $2,690,876. 4.10% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. State of Wisconsin Investment Board lifted its stake in SiteOne Landscape Supply by 59.5% during the first quarter. State of Wisconsin Investment Board now owns 261,500 shares of the industrial products company’s stock worth $14,945,000 after purchasing an additional 97,500 shares during the last quarter. Private Advisors LLC bought a new stake in SiteOne Landscape Supply during the first quarter worth $655,000. Swiss National Bank lifted its stake in SiteOne Landscape Supply by 3.8% during the first quarter. Swiss National Bank now owns 70,700 shares of the industrial products company’s stock worth $4,041,000 after purchasing an additional 2,600 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in SiteOne Landscape Supply by 22.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,968,964 shares of the industrial products company’s stock worth $169,676,000 after purchasing an additional 537,624 shares during the last quarter. Finally, Fiera Capital Corp lifted its stake in SiteOne Landscape Supply by 29.4% during the first quarter. Fiera Capital Corp now owns 25,000 shares of the industrial products company’s stock worth $1,429,000 after purchasing an additional 5,680 shares during the last quarter.
About SiteOne Landscape Supply
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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