Media coverage about SiteOne Landscape Supply (NYSE:SITE) has trended somewhat negative this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. SiteOne Landscape Supply earned a daily sentiment score of -0.14 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 44.2645713562463 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- SiteOne acquires Terrazzo & Stone Supply. (lawnandlandscape.com)
- Q1 2018 Earnings Forecast for SiteOne Landscape Supply Inc Issued By SunTrust Banks (SITE) (americanbankingnews.com)
- SiteOne Landscape Supply (SITE) Given “Buy” Rating at Deutsche Bank (americanbankingnews.com)
- SiteOne Landscape Supply Inc to Post Q2 2018 Earnings of $1.50 Per Share, SunTrust Banks Forecasts (SITE) (americanbankingnews.com)
NYSE SITE opened at $78.27 on Tuesday. SiteOne Landscape Supply has a one year low of $46.00 and a one year high of $80.56. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.28 and a current ratio of 2.92. The company has a market capitalization of $3,093.14, a P/E ratio of 64.69 and a beta of 1.30.
SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. SiteOne Landscape Supply had a net margin of 2.93% and a return on equity of 27.59%. The firm had revenue of $415.70 million for the quarter, compared to analyst estimates of $410.38 million. During the same quarter last year, the firm posted ($0.14) earnings per share. SiteOne Landscape Supply’s revenue for the quarter was up 14.9% compared to the same quarter last year. equities research analysts predict that SiteOne Landscape Supply will post 1.9 EPS for the current year.
Several research firms recently issued reports on SITE. Zacks Investment Research raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Barclays set a $65.00 target price on shares of SiteOne Landscape Supply and gave the stock a “hold” rating in a research report on Monday, January 8th. Royal Bank of Canada set a $87.00 target price on shares of SiteOne Landscape Supply and gave the stock a “buy” rating in a research report on Monday, March 26th. UBS set a $71.00 target price on shares of SiteOne Landscape Supply and gave the stock a “sell” rating in a research report on Wednesday, February 21st. Finally, SunTrust Banks raised their target price on shares of SiteOne Landscape Supply to $89.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $74.67.
In related news, CEO Doug Black sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $75.32, for a total value of $903,840.00. Following the transaction, the chief executive officer now owns 403,228 shares in the company, valued at $30,371,132.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Grebe purchased 718 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $69.31 per share, for a total transaction of $49,764.58. The disclosure for this purchase can be found here. Insiders sold 35,760 shares of company stock worth $2,681,310 in the last 90 days. 4.40% of the stock is currently owned by insiders.
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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.
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