William Blair Brokers Reduce Earnings Estimates for SITE

SiteOne Landscape Supply, Inc. (NYSE:SITEFree Report) – Stock analysts at William Blair decreased their Q4 2024 earnings estimates for SiteOne Landscape Supply in a research report issued to clients and investors on Wednesday, October 30th. William Blair analyst R. Merkel now anticipates that the industrial products company will earn ($0.32) per share for the quarter, down from their prior estimate of ($0.10). The consensus estimate for SiteOne Landscape Supply’s current full-year earnings is $3.21 per share. William Blair also issued estimates for SiteOne Landscape Supply’s Q1 2025 earnings at ($0.50) EPS, Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at $4.18 EPS.

SiteOne Landscape Supply (NYSE:SITEGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. SiteOne Landscape Supply’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 EPS.

A number of other equities analysts have also recently issued reports on the stock. Robert W. Baird increased their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Truist Financial raised their price target on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Barclays upped their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. StockNews.com downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Finally, UBS Group lowered their price target on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $147.80.

Check Out Our Latest Report on SiteOne Landscape Supply

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE opened at $145.98 on Monday. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01. The company has a current ratio of 2.53, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $143.41 and a 200 day simple moving average of $141.52. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 47.24 and a beta of 1.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SITE. Bank of New York Mellon Corp lifted its position in shares of SiteOne Landscape Supply by 49.3% during the second quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company’s stock worth $58,226,000 after purchasing an additional 158,350 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in SiteOne Landscape Supply during the 1st quarter worth $21,860,000. Vaughan Nelson Investment Management L.P. boosted its position in SiteOne Landscape Supply by 130.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 198,214 shares of the industrial products company’s stock valued at $24,065,000 after buying an additional 112,362 shares during the last quarter. American Century Companies Inc. increased its stake in shares of SiteOne Landscape Supply by 44.3% in the 2nd quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company’s stock valued at $43,717,000 after buying an additional 110,589 shares during the period. Finally, Swedbank AB bought a new stake in shares of SiteOne Landscape Supply during the first quarter worth $16,757,000.

About SiteOne Landscape Supply

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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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Earnings History and Estimates for SiteOne Landscape Supply (NYSE:SITE)

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