Equities Analysts Issue Forecasts for SITE Q4 Earnings

SiteOne Landscape Supply, Inc. (NYSE:SITE) – Stock analysts at William Blair reduced their Q4 2024 earnings per share (EPS) estimates for shares of SiteOne Landscape Supply in a research report issued on Wednesday, October 30th. William Blair analyst R. Merkel now expects that the industrial products company will earn ($0.32) per share for the quarter, down from their prior forecast 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.

Several other brokerages also recently issued reports on SITE. StockNews.com downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Stifel Nicolaus downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a report on Thursday, August 1st. Robert W. Baird lifted their target price 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. Royal Bank of Canada dropped their price target on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group assumed coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price for the company. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $147.80.

SiteOne Landscape Supply Stock Up 1.6 %

NYSE:SITE opened at $141.96 on Monday. The stock has a 50-day simple moving average of $143.39 and a 200 day simple moving average of $141.61. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 45.94 and a beta of 1.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 2.53.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $1.25 earnings per share. SiteOne Landscape Supply’s revenue for the quarter was up 5.6% on a year-over-year basis.

Hedge Funds Weigh In On SiteOne Landscape Supply

Hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC acquired a new stake in SiteOne Landscape Supply during the 1st quarter worth approximately $708,000. Picton Mahoney Asset Management raised its position in SiteOne Landscape Supply by 3,279.9% during the first quarter. Picton Mahoney Asset Management now owns 24,842 shares of the industrial products company’s stock valued at $4,337,000 after purchasing an additional 24,107 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of SiteOne Landscape Supply by 54.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 22,151 shares of the industrial products company’s stock worth $3,866,000 after buying an additional 7,829 shares in the last quarter. Swedbank AB acquired a new stake in SiteOne Landscape Supply in the first quarter valued at about $16,757,000. Finally, Cetera Investment Advisers lifted its stake in SiteOne Landscape Supply by 143.8% in the 1st quarter. Cetera Investment Advisers now owns 12,281 shares of the industrial products company’s stock valued at $2,144,000 after purchasing an additional 7,244 shares during the last quarter.

About SiteOne Landscape Supply

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.