Q3 2024 Earnings Estimate for SiteOne Landscape Supply, Inc. Issued By William Blair (NYSE:SITE)

SiteOne Landscape Supply, Inc. (NYSE:SITE) – Research analysts at William Blair lifted their Q3 2024 earnings per share (EPS) estimates for shares of SiteOne Landscape Supply in a research report issued to clients and investors on Wednesday, May 1st. William Blair analyst R. Merkel now anticipates that the industrial products company will post earnings per share of $1.52 for the quarter, up from their prior estimate of $1.48. The consensus estimate for SiteOne Landscape Supply’s current full-year earnings is $4.00 per share. William Blair also issued estimates for SiteOne Landscape Supply’s Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $4.17 EPS and FY2025 earnings at $4.99 EPS.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.22). SiteOne Landscape Supply had a net margin of 3.63% and a return on equity of 10.77%. The business had revenue of $904.80 million for the quarter, compared to analysts’ expectations of $864.01 million. During the same period last year, the firm earned ($0.10) EPS. The company’s revenue was up 8.1% compared to the same quarter last year.

SITE has been the topic of several other research reports. Truist Financial lowered their target price on SiteOne Landscape Supply from $204.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday. Loop Capital lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Royal Bank of Canada lifted their price target on SiteOne Landscape Supply from $150.00 to $157.00 and gave the company a “sector perform” rating in a report on Thursday, February 15th. Robert W. Baird lifted their price target on SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Stifel Nicolaus upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and reduced their price target for the company from $167.00 to $165.00 in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus price target of $167.50.

SiteOne Landscape Supply Trading Up 1.4 %

NYSE:SITE opened at $152.42 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.43 and a quick ratio of 1.10. SiteOne Landscape Supply has a fifty-two week low of $116.81 and a fifty-two week high of $188.01. The stock’s 50-day moving average is $169.37 and its two-hundred day moving average is $156.71. The stock has a market cap of $6.89 billion, a PE ratio of 44.18 and a beta of 1.53.

Insider Transactions at SiteOne Landscape Supply

In other news, CFO John T. Guthrie sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $180.00, for a total transaction of $540,000.00. Following the sale, the chief financial officer now directly owns 15,467 shares in the company, valued at $2,784,060. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Doug Black sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the sale, the chief executive officer now directly owns 574,657 shares in the company, valued at $93,151,899.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John T. Guthrie sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $180.00, for a total value of $540,000.00. Following the sale, the chief financial officer now owns 15,467 shares in the company, valued at $2,784,060. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock worth $3,924,500 over the last three months. 2.70% of the stock is currently owned by insiders.

Institutional Trading of SiteOne Landscape Supply

A number of large investors have recently bought and sold shares of SITE. Venturi Wealth Management LLC acquired a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at $26,000. Operose Advisors LLC bought a new position in SiteOne Landscape Supply during the 3rd quarter valued at about $28,000. Principal Securities Inc. acquired a new position in SiteOne Landscape Supply in the fourth quarter valued at about $31,000. GAMMA Investing LLC acquired a new position in SiteOne Landscape Supply in the fourth quarter valued at about $38,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in SiteOne Landscape Supply by 588.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock worth $50,000 after buying an additional 247 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.