SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) – Analysts at William Blair dropped their Q1 2023 EPS estimates for shares of SiteOne Landscape Supply in a report issued on Tuesday, April 25th. William Blair analyst R. Merkel now anticipates that the industrial products company will post earnings of ($0.02) per share for the quarter, down from their previous estimate of $0.29. The consensus estimate for SiteOne Landscape Supply’s current full-year earnings is $4.22 per share. William Blair also issued estimates for SiteOne Landscape Supply’s Q2 2023 earnings at $2.60 EPS, Q3 2023 earnings at $1.40 EPS, Q4 2023 earnings at ($0.19) EPS, FY2023 earnings at $3.79 EPS and FY2024 earnings at $4.25 EPS.
Several other brokerages have also commented on SITE. Loop Capital raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Monday, April 10th. Jefferies Financial Group lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $170.00 price target for the company. in a report on Thursday, February 16th. Credit Suisse Group boosted their price objective on shares of SiteOne Landscape Supply from $127.00 to $157.00 and gave the company a “hold” rating in a research report on Thursday, February 16th. Royal Bank of Canada increased their price objective on shares of SiteOne Landscape Supply from $119.00 to $135.00 and gave the company a “sector perform” rating in a research report on Thursday, February 16th. Finally, TheStreet upgraded shares of SiteOne Landscape Supply from a “c+” rating to a “b-” rating in a research note on Tuesday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, SiteOne Landscape Supply currently has an average rating of “Hold” and an average target price of $151.70.
SiteOne Landscape Supply Trading Up 2.3 %
SiteOne Landscape Supply (NYSE:SITE – Get Rating) last issued its quarterly earnings results on Wednesday, February 15th. The industrial products company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15). The firm had revenue of $890.00 million for the quarter, compared to the consensus estimate of $895.05 million. SiteOne Landscape Supply had a return on equity of 19.75% and a net margin of 6.11%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS.
Institutional Trading of SiteOne Landscape Supply
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. grew its position in SiteOne Landscape Supply by 15.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,436 shares of the industrial products company’s stock valued at $717,000 after acquiring an additional 593 shares in the last quarter. Cetera Advisor Networks LLC boosted its position in SiteOne Landscape Supply by 186.3% during the first quarter. Cetera Advisor Networks LLC now owns 2,525 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 1,643 shares in the last quarter. Citigroup Inc. lifted its position in shares of SiteOne Landscape Supply by 14.8% in the first quarter. Citigroup Inc. now owns 10,831 shares of the industrial products company’s stock valued at $1,751,000 after acquiring an additional 1,398 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of SiteOne Landscape Supply in the first quarter valued at $410,000. Finally, MetLife Investment Management LLC purchased a new position in SiteOne Landscape Supply during the first quarter worth about $309,000.
SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply, Inc engages in the distribution of landscape supplies and residential. Its products include hardscapes, landscape accessories, nursery goods, outdoor lighting, and ice melt products to green industry professionals. The company was founded in 2001 and is headquartered in Roswell, GA.
Featured Articles
- Get a free copy of the StockNews.com research report on SiteOne Landscape Supply (SITE)
- 10 E-commerce Stocks to Consider for Long-Term Buys
- Joby Aviation Extends Deal With Air Force, Analysts Maintain Hold
- Meta’s Earnings; Time To Buckle Up
- Why Invest in High-Yield Dividend Stocks?
- Dividend Prince Automatic Data Processing Hits Bottom
Receive News & Ratings for SiteOne Landscape Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply and related companies with MarketBeat.com's FREE daily email newsletter.
