SiteOne Landscape Supply (NYSE:SITE – Get Free Report) posted its earnings results on Wednesday. The industrial products company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $864.01 million. During the same quarter last year, the business earned ($0.10) earnings per share. SiteOne Landscape Supply’s revenue was up 8.1% on a year-over-year basis.
SiteOne Landscape Supply Price Performance
Shares of SITE stock traded up $6.85 during trading hours on Thursday, hitting $150.36. The company’s stock had a trading volume of 706,259 shares, compared to its average volume of 317,650. SiteOne Landscape Supply has a twelve month low of $116.81 and a twelve month high of $188.01. The business has a fifty day moving average of $169.98 and a 200-day moving average of $156.77. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 39.83 and a beta of 1.53. The company has a current ratio of 2.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.29.
Insider Buying and Selling
In related news, CFO John T. Guthrie sold 3,000 shares of the firm’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 transaction of $540,000.00. Following the sale, the chief financial officer now owns 15,467 shares in the company, valued at $2,784,060. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Doug Black sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total value of $1,621,000.00. Following the transaction, the chief executive officer now owns 574,657 shares of the company’s stock, valued at approximately $93,151,899.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $180.00, for a total transaction of $540,000.00. Following the completion of the transaction, the chief financial officer now directly owns 15,467 shares in the company, valued at approximately $2,784,060. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,000 shares of company stock worth $3,924,500. 2.70% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on SITE
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.
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