Buy, Sell or Hold? before and after EPS results SiteOne Landscape Supply (NYSE:SITE)

Earnings results for SiteOne Landscape Supply (NYSE:SITE)

SiteOne Landscape Supply, Inc. is expected* to report earnings on 10/28/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.85. The reported EPS for the same quarter last year was $0.81.

SiteOne Landscape Supply last announced its earnings results on July 29th, 2020. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.36 by $0.47. The company earned $817.70 million during the quarter, compared to analyst estimates of $748.74 million. Its revenue for the quarter was up 8.7% compared to the same quarter last year. SiteOne Landscape Supply has generated $1.82 earnings per share over the last year and currently has a price-to-earnings ratio of 54.2. SiteOne Landscape Supply has confirmed that its next quarterly earnings report will be published on Wednesday, October 28th, 2020.

Analyst Opinion on SiteOne Landscape Supply (NYSE:SITE)

11 Wall Street analysts have issued ratings and price targets for SiteOne Landscape Supply in the last 12 months. Their average twelve-month price target is $102.75, predicting that the stock has a possible downside of 16.79%. The high price target for SITE is $150.00 and the low price target for SITE is $68.00. There are currently 2 sell ratings, 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of “Hold.”

SiteOne Landscape Supply has received a consensus rating of Hold. The company’s average rating score is 2.27, and is based on 5 buy ratings, 4 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $102.75, SiteOne Landscape Supply has a forecasted downside of 16.8% from its current price of $123.49. SiteOne Landscape Supply has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: SiteOne Landscape Supply (NYSE:SITE)

SiteOne Landscape Supply does not currently pay a dividend. SiteOne Landscape Supply does not have a long track record of dividend growth.

Insiders buying/selling: SiteOne Landscape Supply (NYSE:SITE)

In the past three months, SiteOne Landscape Supply insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,397,460.00 in company stock. Only 3.49% of the stock of SiteOne Landscape Supply is held by insiders.

Earnings and Valuation of SiteOne Landscape Supply (NYSE:SITE

Earnings for SiteOne Landscape Supply are expected to grow by 13.43% in the coming year, from $2.16 to $2.45 per share. The P/E ratio of SiteOne Landscape Supply is 54.16, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.17. The P/E ratio of SiteOne Landscape Supply is 54.16, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 30.73. SiteOne Landscape Supply has a P/B Ratio of 13.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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