Equities research analysts predict that SiteOne Landscape Supply Inc (NYSE:SITE) will announce $412.88 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for SiteOne Landscape Supply’s earnings, with the highest sales estimate coming in at $417.00 million and the lowest estimate coming in at $407.15 million. SiteOne Landscape Supply posted sales of $361.80 million in the same quarter last year, which would indicate a positive year over year growth rate of 14.1%. The business is scheduled to report its next quarterly earnings report before the market opens on Tuesday, February 20th.
On average, analysts expect that SiteOne Landscape Supply will report full-year sales of $412.88 million for the current financial year, with estimates ranging from $1.85 billion to $1.86 billion. For the next year, analysts forecast that the business will post sales of $2.07 billion per share, with estimates ranging from $2.00 billion to $2.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for SiteOne Landscape Supply.
A number of research analysts recently weighed in on the stock. Royal Bank of Canada set a $85.00 price objective on shares of SiteOne Landscape Supply and gave the company a “buy” rating in a research report on Wednesday, February 14th. UBS Group increased their price objective on shares of SiteOne Landscape Supply from $54.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Robert W. Baird increased their price objective on shares of SiteOne Landscape Supply from $58.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Finally, Barclays increased their price objective on shares of SiteOne Landscape Supply from $48.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $71.00.
In other SiteOne Landscape Supply news, EVP Ross Anker sold 6,080 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $77.19, for a total value of $469,315.20. Following the transaction, the executive vice president now directly owns 34,040 shares in the company, valued at $2,627,547.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John T. Guthrie sold 20,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $70.91, for a total transaction of $1,418,200.00. Following the completion of the sale, the chief financial officer now directly owns 57,854 shares of the company’s stock, valued at $4,102,427.14. The disclosure for this sale can be found here. Insiders sold 65,223 shares of company stock worth $4,717,951 over the last quarter. Insiders own 4.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in SITE. Ameritas Investment Partners Inc. increased its stake in shares of SiteOne Landscape Supply by 223.8% in the second quarter. Ameritas Investment Partners Inc. now owns 2,937 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 2,030 shares in the last quarter. We Are One Seven LLC purchased a new stake in shares of SiteOne Landscape Supply in the fourth quarter worth $156,000. Catalyst Capital Advisors LLC purchased a new stake in shares of SiteOne Landscape Supply in the fourth quarter worth $161,000. Advisor Group Inc. increased its stake in shares of SiteOne Landscape Supply by 156.6% in the second quarter. Advisor Group Inc. now owns 3,192 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 1,948 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of SiteOne Landscape Supply by 57.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,305 shares of the industrial products company’s stock worth $177,000 after purchasing an additional 843 shares in the last quarter.
COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.com-unik.info/2018/02/19/analysts-anticipate-siteone-landscape-supply-inc-site-will-announce-quarterly-sales-of-412-88-million.html.
About SiteOne Landscape Supply
SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for SiteOne Landscape Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply and related companies with MarketBeat.com's FREE daily email newsletter.