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In a challenging market environment, Siteone Landscape Supply Inc (NYSE:SITE)’s stock has touched a 52-week low, with shares currently trading at $112.63. With a beta of 1.7, InvestingPro analysis indicates the stock exhibits higher volatility than the broader market. The significant downturn reflects a broader trend affecting the industry, as the company’s stock price has seen a substantial decline over the past year, with a precise 1-year total return of -26.68%. Investors are closely monitoring Siteone’s performance as the company navigates through the headwinds that have led to this notable low point in its stock valuation. The current price level presents a critical juncture for the company, with analyst targets ranging from $120 to $182, suggesting potential upside. According to InvestingPro’s Fair Value analysis, the stock appears undervalued, with 8 additional exclusive insights available for subscribers.
In other recent news, SiteOne Landscape Supply Inc. reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.48, compared to the anticipated -$0.25. The company also exceeded revenue forecasts, reporting $1.01 billion against the expected $986.12 million. Full-year 2024 net sales rose by 6% to $4.54 billion, although adjusted EBITDA for the year decreased by 8% to $378.2 million. Analysts noted the company’s strategic focus on mergers and acquisitions, with SiteOne adding seven companies in 2024, contributing $200 million in trailing twelve-month revenue. The firm also projects an adjusted EBITDA for 2025 between $400 million and $430 million, reflecting confidence in ongoing commercial initiatives. Additionally, SiteOne’s acquisition strategy remains robust, with recent purchases including Oak Street Wholesale Nursery and Custom Stone, enhancing its presence in key markets. Despite some challenges, including price deflation in products like PVC pipe and grass seed, the company remains committed to growth and operational efficiency.
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