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

SiteOne Landscape Supply (NYSE:SITE) will announce its earnings results before the market opens on Wednesday, July 31st. Analysts expect the company to announce earnings of $2.59 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.22). The business had revenue of $904.80 million for the quarter, compared to analysts’ expectations of $864.01 million. SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. SiteOne Landscape Supply’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.10) earnings per share. 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 Price Performance

Shares of SITE stock opened at $141.95 on Tuesday. The company has a market capitalization of $6.42 billion, a PE ratio of 41.14 and a beta of 1.52. The firm has a fifty day simple moving average of $134.64 and a 200-day simple moving average of $153.97. The company has a current ratio of 2.36, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35. SiteOne Landscape Supply has a twelve month low of $114.60 and a twelve month high of $188.01.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SITE shares. Robert W. Baird dropped their target price on shares of SiteOne Landscape Supply from $185.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. Truist Financial dropped their price target on shares of SiteOne Landscape Supply from $175.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Jefferies Financial Group dropped their target price on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Loop Capital reduced their target price on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, June 13th. Finally, Barclays reduced their target price on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $147.11.

About SiteOne Landscape Supply

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.