SiteOne Landscape Supply (NYSE:SITE) Announces Quarterly Earnings Results

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) posted its quarterly earnings results on Wednesday. The industrial products company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.22), Briefing.com reports. SiteOne Landscape Supply had a net margin of 4.03% and a return on equity of 12.13%. The business had revenue of $904.80 million during the quarter, compared to analyst estimates of $864.01 million. During the same period last year, the firm posted ($0.10) earnings per share. The company's quarterly revenue was up 8.1% on a year-over-year basis.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE traded up $6.85 during trading on Thursday, reaching $150.36. The company had a trading volume of 706,259 shares, compared to its average volume of 317,650. The firm's fifty day moving average is $169.68 and its 200 day moving average is $156.72. The firm has a market capitalization of $6.79 billion, a PE ratio of 39.78 and a beta of 1.53. SiteOne Landscape Supply has a twelve month low of $116.81 and a twelve month high of $188.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.10 and a current ratio of 2.43.

Insider Transactions at SiteOne Landscape Supply

In other news, CEO Doug Black sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total value of $1,763,500.00. Following the completion of the sale, the chief executive officer now directly owns 574,657 shares of the company's stock, valued at approximately $101,340,761.95. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO John T. Guthrie sold 3,000 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $180.00, for a total value of $540,000.00. Following the sale, the chief financial officer now directly owns 15,467 shares in the company, valued at approximately $2,784,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Doug Black sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $176.35, for a total transaction of $1,763,500.00. Following the completion of the sale, the chief executive officer now owns 574,657 shares in the company, valued at $101,340,761.95. The disclosure for this sale can be found here. In the last three months, insiders sold 23,000 shares of company stock valued at $3,924,500. Company insiders own 2.70% of the company's stock.

Analyst Ratings Changes

SITE has been the subject of several research reports. Robert W. Baird lifted their price target on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Stifel Nicolaus raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and reduced their target price for the company from $167.00 to $165.00 in a research note on Thursday. Loop Capital lowered shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating in a research note on Monday, January 8th. Royal Bank of Canada boosted their target price on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the company a "sector perform" rating in a research note on Thursday, February 15th. Finally, Barclays reduced their target price on shares of SiteOne Landscape Supply from $145.00 to $133.00 and set an "underweight" rating for the company in a research note on Thursday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, SiteOne Landscape Supply has an average rating of "Hold" and a consensus price target of $167.50.

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.