SiteOne Landscape Supply (NYSE:SITE) Posts Earnings Results, Misses Expectations By $0.21 EPS

SiteOne Landscape Supply (NYSE:SITE) announced its earnings results on Wednesday. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.21), Briefing.com reports. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS.

SiteOne Landscape Supply Stock Performance

SITE stock traded up $2.22 during trading hours on Friday, hitting $141.96. 525,949 shares of the stock were exchanged, compared to its average volume of 337,801. SiteOne Landscape Supply has a 12 month low of $114.60 and a 12 month high of $188.01. The company has a current ratio of 2.53, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. The company has a 50-day simple moving average of $143.39 and a two-hundred day simple moving average of $141.89. The firm has a market capitalization of $6.41 billion, a P/E ratio of 45.94 and a beta of 1.53.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $129.04, for a total transaction of $113,297.12. Following the sale, the director now directly owns 11,267 shares in the company, valued at $1,453,893.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SITE shares. The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They set a “neutral” rating and a $158.00 price objective for the company. Robert W. Baird raised their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. UBS Group reduced their price target on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Stifel Nicolaus lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a research note on Thursday, August 1st. Finally, Royal Bank of Canada reduced their target price on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $147.80.

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.