SITE Centers (SITC) Expected to Announce Quarterly Earnings on Tuesday

SITE Centers (NYSE:SITC - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Tuesday, April 29th. Analysts expect SITE Centers to post earnings of $0.24 per share and revenue of $31.97 million for the quarter.

SITE Centers (NYSE:SITC - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). The company had revenue of $32.87 million during the quarter, compared to the consensus estimate of $43.58 million. SITE Centers had a net margin of 164.10% and a return on equity of 34.20%. On average, analysts expect SITE Centers to post $3 EPS for the current fiscal year and $1 EPS for the next fiscal year.

SITE Centers Stock Up 0.2 %

Shares of NYSE:SITC traded up $0.02 during mid-day trading on Friday, hitting $11.94. 429,855 shares of the company traded hands, compared to its average volume of 896,481. The stock has a market cap of $626.01 million, a P/E ratio of 0.87 and a beta of 1.30. The stock has a 50-day moving average price of $12.72 and a two-hundred day moving average price of $14.67. SITE Centers has a 12-month low of $10.46 and a 12-month high of $64.44. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.12.

Analyst Ratings Changes

Several research firms have recently issued reports on SITC. Piper Sandler reduced their target price on SITE Centers from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Wells Fargo & Company cut their price objective on shares of SITE Centers from $17.00 to $14.50 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, StockNews.com downgraded SITE Centers from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $35.25.

SITE Centers Company Profile

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.