Somewhat Favorable Media Coverage Somewhat Unlikely to Impact SiteOne Landscape Supply (SITE) Stock Price
News stories about SiteOne Landscape Supply (NYSE:SITE) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. SiteOne Landscape Supply earned a news sentiment score of 0.01 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.3477362164518 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- SiteOne Landscape Supply, Inc. breached its 50 day moving average in a Bearish Manner : SITE-US : August 11, 2017 (finance.yahoo.com)
- News roundup: SiteOne Landscape Supply continues to grow with acquisitions (totallandscapecare.com)
- SiteOne Landscape Supply, Inc. :SITE-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
- SiteOne Landscape Supply, Inc. (NYSE:SITE) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Edited Transcript of SITE earnings conference call or presentation 9-Aug-17 12:00pm GMT (finance.yahoo.com)
Shares of SiteOne Landscape Supply (NYSE SITE) traded down 0.18% during mid-day trading on Friday, hitting $50.88. The stock had a trading volume of 730,130 shares. SiteOne Landscape Supply has a 12-month low of $26.60 and a 12-month high of $53.87. The stock has a market cap of $2.02 billion, a P/E ratio of 47.55 and a beta of 1.87. The company’s 50 day moving average price is $52.35 and its 200 day moving average price is $47.32.
SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by $0.04. The firm had revenue of $608.60 million during the quarter, compared to analysts’ expectations of $607.94 million. SiteOne Landscape Supply had a net margin of 2.46% and a return on equity of 27.37%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the company earned ($3.18) earnings per share. Equities research analysts predict that SiteOne Landscape Supply will post $1.37 EPS for the current fiscal year.
SITE has been the topic of several analyst reports. Johnson Rice initiated coverage on SiteOne Landscape Supply in a research note on Monday, May 8th. They issued an “accumulate” rating on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $60.00 price objective (up from $55.00) on shares of SiteOne Landscape Supply in a research note on Thursday. Zacks Investment Research upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $63.00 price objective on shares of SiteOne Landscape Supply in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus target price of $54.50.
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In other news, CEO Doug Black acquired 6,200 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was bought at an average cost of $50.76 per share, with a total value of $314,712.00. Following the transaction, the chief executive officer now directly owns 400,743 shares in the company, valued at approximately $20,341,714.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.00% of the company’s stock.
SiteOne Landscape Supply Company Profile
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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