SiteOne Landscape Announces Millican Nurseries Buyout - Applied Industrial Techs (NYSE:AIT), Cintas (NASD

Benzinga

2024-07-04 00:18

SiteOne Landscape Supply, Inc. (NYSE: SITE) announced that it has acquired a wholesale distributor of nursery products, Millican Nurseries, LLC. This move will allow SiteOne Landscape to offer a broad range of products and services in the greater Boston and New England areas.

　　Image Source: Zacks Investment Research

　　Zacks Rank & Stocks to Consider

　　SiteOne Landscape currently carries a Zacks Rank #4 (Sell).

　　Some better-ranked stocks from the Industrial Products sector are Intellicheck, Inc.IDN, Applied Industrial TechnologiesAIT and Cintas CorporationCTAS. IDN currently sports a Zacks Rank #1 (Strong Buy), and AIT and CTAS carry a Zacks Rank #2 (Buy).

　　The Zacks Consensus Estimate for Intellicheck's 2024 earnings is pegged at 2 cents per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 28.9%. IDN shares have gained 84.2% in a year.

　　Applied Industrial has an average trailing four-quarter earnings surprise of 8.2%. The Zacks Consensus Estimate for AIT's 2024 earnings is pinned at $9.62 per share, which indicates year-over-year growth of 9.9%. Estimates have moved north by 2% in the past 60 days. The company's shares have gained 8.8% in a year.

　　The Zacks Consensus Estimate for Cintas' 2024 earnings is pegged at $14.95 per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 4.3%. CTAS shares have gained 13.7% in a year.

Disclaimer:The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.