Summit Materials Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Summit Materials stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SUM, but not buy additional shares or sell existing shares.
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7 analysts have issued twelve-month price objectives for Summit Materials' shares. Their SUM stock forecasts range from $26.00 to $45.00. On average, they anticipate Summit Materials' stock price to reach $36.29 in the next year. This suggests a possible upside of 63.2% from the stock's current price.
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Summit Materials' stock was trading at $40.14 on January 1st, 2022. Since then, SUM stock has decreased by 44.6% and is now trading at $22.24.
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Summit Materials is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
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Summit Materials, Inc. (NYSE:SUM) posted its quarterly earnings data on Wednesday, May, 4th. The construction company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.40) by $0.01. The construction company had revenue of $392.50 million for the quarter, compared to analyst estimates of $395.55 million. Summit Materials had a net margin of 5.84% and a trailing twelve-month return on equity of 7.02%. Summit Materials's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.33) earnings per share.
View Summit Materials' earnings history.

7 employees have rated Summit Materials CEO Thomas Hill on Glassdoor.com. Thomas Hill has an approval rating of 100% among Summit Materials' employees. This puts Thomas Hill in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Summit Materials include Lynas Rare Earths (LYSDY), MDU Resources Group (MDU), Hecla Mining (HL), Compass Minerals International (CMP), U.S. Silica (SLCA), Energy Fuels (UUUU), Energy Fuels (UUUU), Piedmont Lithium (PLL), United States Lime & Minerals (USLM), Intrepid Potash (IPI), 5E Advanced Materials (FEAM), Largo (LGO), Centrus Energy (LEU), Centrus Energy (LEU) and Sisecam Resources (SIRE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Materials investors own include Intel (INTC), Pfizer (PFE), Square (SQ), Raytheon Technologies (RTX), Western Digital (WDC), Bank of America (BAC), Johnson & Johnson (JNJ), Altria Group (MO), AT&T (T) and UnitedHealth Group (UNH).

(SUM) raised $400 million in an initial public offering on Thursday, March 12th 2015. The company issued 22,200,000 shares at a price of $17.00-$19.00 per share. Citigroup, Goldman Sachs, BofA Merrill Lynch, Barclays, Deutsche Bank Securities and RBC Capital Markets acted as the underwriters for the IPO and Blackstone Capital Markets, BB&T Capital Markets, Stephens, Sterne Agee and Stifel were co-managers.

Summit Materials trades on the New York Stock Exchange (NYSE) under the ticker symbol "SUM."

Shares of SUM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SUM stock can currently be purchased for approximately $22.24.

Summit Materials (NYSE:SUM) has a market capitalization of $2.63 billion and generates $2.41 billion in revenue each year. The construction company earns $154.28 million in net income (profit) each year or $1.18 on an earnings per share basis.

Summit Materials employs 5,500 workers across the globe.

Summit Materials' mailing address is 1550 Wynkoop Street 3rd Floor, Denver CO, 80202. The official website for Summit Materials is www.summit-materials.com. The construction company can be reached via phone at (303) 893-0012, via email at brian.harris@summit-materials.com, or via fax at 303-893-6993.