SiteOne Landscape Supply Inc (NYSE:SITE) – Investment analysts at Jefferies Financial Group lifted their Q4 2019 earnings per share (EPS) estimates for shares of SiteOne Landscape Supply in a report issued on Wednesday, May 1st, Zacks Investment Research reports. Jefferies Financial Group analyst S. Volkmann now expects that the industrial products company will earn $0.06 per share for the quarter, up from their prior forecast of ($0.05).
SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.59) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by ($0.11). SiteOne Landscape Supply had a net margin of 3.10% and a return on equity of 23.17%. The company had revenue of $417.30 million during the quarter, compared to analyst estimates of $425.91 million. During the same quarter last year, the business earned ($0.43) EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis.
Shares of NYSE SITE traded down $0.88 during midday trading on Monday, hitting $65.15. The company had a trading volume of 424,096 shares, compared to its average volume of 382,054. The company has a quick ratio of 0.94, a current ratio of 2.38 and a debt-to-equity ratio of 2.87. SiteOne Landscape Supply has a twelve month low of $45.32 and a twelve month high of $95.49. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 37.66 and a beta of 1.14.
In other SiteOne Landscape Supply news, EVP Ross Anker sold 60,346 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $66.64, for a total transaction of $4,021,457.44. Following the completion of the transaction, the executive vice president now directly owns 55,602 shares in the company, valued at approximately $3,705,317.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Pascal Convers sold 9,750 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $63.74, for a total transaction of $621,465.00. Following the transaction, the executive vice president now owns 9,750 shares of the company’s stock, valued at $621,465. The disclosure for this sale can be found here. Insiders have sold a total of 97,691 shares of company stock valued at $6,297,126 over the last 90 days. 4.10% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of SiteOne Landscape Supply by 67.9% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,431,340 shares of the industrial products company’s stock worth $134,380,000 after buying an additional 983,117 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of SiteOne Landscape Supply by 320.2% during the first quarter. Macquarie Group Ltd. now owns 614,037 shares of the industrial products company’s stock worth $35,092,000 after buying an additional 467,891 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of SiteOne Landscape Supply by 92.7% during the fourth quarter. Brown Advisory Inc. now owns 793,021 shares of the industrial products company’s stock worth $43,829,000 after buying an additional 381,468 shares in the last quarter. Norges Bank purchased a new stake in shares of SiteOne Landscape Supply during the fourth quarter worth about $14,846,000. Finally, Millennium Management LLC grew its holdings in shares of SiteOne Landscape Supply by 619.6% during the fourth quarter. Millennium Management LLC now owns 276,709 shares of the industrial products company’s stock worth $15,294,000 after buying an additional 238,257 shares in the last quarter.
SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 120,000 stock keeping units, including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones, and blocks.
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