SITE Centers (SITC) Projected to Post Quarterly Earnings on Tuesday

SITE Centers (NYSE:SITC - Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results 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 announced its quarterly earnings results on Thursday, February 27th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.07). SITE Centers had a net margin of 164.10% and a return on equity of 34.20%. The business had revenue of $32.87 million during the quarter, compared to the consensus estimate of $43.58 million. 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 Trading Up 0.2 %

Shares of NYSE:SITC traded up $0.02 during trading on Friday, reaching $11.94. The company's stock had a trading volume of 429,855 shares, compared to its average volume of 899,010. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.12. SITE Centers has a 12 month low of $10.46 and a 12 month high of $64.44. The firm's 50 day simple moving average is $12.67 and its two-hundred day simple moving average is $14.59. The stock has a market capitalization of $626.01 million, a PE ratio of 0.87 and a beta of 1.30.

Analysts Set New Price Targets

SITC has been the subject of several analyst reports. StockNews.com downgraded shares of SITE Centers from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Piper Sandler reduced their target price on shares of SITE Centers from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Finally, Wells Fargo & Company reduced their target price on shares of SITE Centers from $17.00 to $14.50 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $35.25.

About SITE Centers

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.