SiteOne Landscape Supply (SITE) Scheduled to Post Earnings on Wednesday

SiteOne Landscape Supply (NYSE:SITE) is set to release its earnings data before the market opens on Wednesday, July 31st. Analysts expect SiteOne Landscape Supply to post earnings of $2.59 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). SiteOne Landscape Supply had a net margin of 3.63% and a return on equity of 10.77%. The company had revenue of $904.80 million during the quarter, compared to the consensus estimate of $864.01 million. During the same period last year, the firm posted ($0.10) EPS. The company’s revenue was up 8.1% on a year-over-year basis. On average, analysts expect SiteOne Landscape Supply to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SiteOne Landscape Supply Stock Down 2.4 %

Shares of NYSE:SITE opened at $141.95 on Tuesday. SiteOne Landscape Supply has a 1 year low of $114.60 and a 1 year high of $188.01. The company has a market cap of $6.42 billion, a PE ratio of 41.14 and a beta of 1.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.36 and a quick ratio of 0.96. The stock’s 50-day moving average is $134.64 and its 200 day moving average is $153.97.

Analyst Ratings Changes

Several research analysts have recently issued reports on SITE shares. Barclays decreased their target price on 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. Truist Financial decreased their target price on SiteOne Landscape Supply from $175.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. UBS Group decreased their target price on 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. Loop Capital reduced their price objective on SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, June 13th. Finally, Jefferies Financial Group reduced their price objective on 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $147.11.

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.