What is William Blair's Forecast for SITE Q4 Earnings?

SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) - Analysts at William Blair reduced their Q4 2024 EPS 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 post earnings per share of ($0.32) 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.

A number of other equities analysts have also recently commented on SITE. StockNews.com cut SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research note on Saturday, August 10th. Royal Bank of Canada cut 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 report on Thursday, August 1st. Truist Financial upped their price objective on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Jefferies Financial Group reduced their price target on SiteOne Landscape Supply from $160.00 to $125.00 and set a "hold" rating on the stock in a report on Thursday, July 11th. Finally, Stifel Nicolaus cut SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 price objective for the company. in a report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $147.80.

SiteOne Landscape Supply Trading Up 2.8 %

Shares of SITE traded up $4.02 during trading hours on Monday, hitting $145.98. The company had a trading volume of 491,544 shares, compared to its average volume of 366,169. SiteOne Landscape Supply has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a quick ratio of 1.10, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The stock's 50 day moving average price is $143.41 and its 200 day moving average price is $141.52. The firm has a market cap of $6.59 billion, a P/E ratio of 47.24 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results 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). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the previous year, the business earned $1.25 EPS. SiteOne Landscape Supply's revenue for the quarter was up 5.6% compared to the same quarter last year.

Institutional Trading of SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently modified their holdings of SITE. Axxcess Wealth Management LLC purchased a new position in shares of SiteOne Landscape Supply during the third quarter valued at approximately $214,000. Verdence Capital Advisors LLC increased its position in SiteOne Landscape Supply by 15.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,998 shares of the industrial products company's stock valued at $452,000 after buying an additional 406 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in SiteOne Landscape Supply by 63.7% during the third quarter. Kornitzer Capital Management Inc. KS now owns 55,485 shares of the industrial products company's stock valued at $8,373,000 after buying an additional 21,585 shares during the last quarter. Malaga Cove Capital LLC boosted its holdings in SiteOne Landscape Supply by 29.2% in the third quarter. Malaga Cove Capital LLC now owns 7,533 shares of the industrial products company's stock worth $1,137,000 after acquiring an additional 1,704 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of SiteOne Landscape Supply by 40.0% in the third quarter. Van ECK Associates Corp now owns 23,984 shares of the industrial products company's stock worth $3,338,000 after acquiring an additional 6,853 shares during the last quarter.

SiteOne Landscape Supply Company Profile

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.