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NYSE:SUM

Summit Materials Stock Forecast, Price & News

$22.24
-0.84 (-3.64%)
(As of 07/5/2022 11:38 AM ET)
Add
Compare
Today's Range
$21.96
$22.51
50-Day Range
$22.61
$30.69
52-Week Range
$22.01
$41.46
Volume
9,528 shs
Average Volume
872,315 shs
Market Capitalization
$2.63 billion
P/E Ratio
18.85
Dividend Yield
N/A
Price Target
$36.29

Summit Materials MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
64.3% Upside
$36.29 Price Target
Short Interest
Bearish
4.41% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-7.04
Upright™ Environmental Score
News Sentiment
-0.11mentions of Summit Materials in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
27.03%
From $1.48 to $1.88 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.79 out of 5 stars

Construction Sector

85th out of 136 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

9th out of 24 stocks

30 days | 90 days | 365 days | Advanced Chart

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Summit Materials logo

About Summit Materials (NYSE:SUM) Stock

Summit Materials, Inc., through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, and residential and nonresidential end markets. It operates through three segments: West, East, and Cement. The company's products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides asphalt paving and related services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminals. It has operations in the United States; and in British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.

SUM Stock News Headlines

What factors will move the Summit Materials share price?
Summit Materials (NYSE:SUM) Reaches New 1-Year Low at $22.86
Summit Materials (NYSE:SUM) Stock Price Down 3%
Summit Materials (NYSE:SUM) Reaches New 52-Week Low at $24.07
Summit Materials Misses Q1 EPS by 3c
Summit Materials Q1 2022 Earnings Preview
Summit Materials to Host Investor Day on May 24, 2022
See More Headlines

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
N/A
Employees
5,500
Year Founded
N/A

Company Calendar

Last Earnings
5/04/2022
Today
7/05/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$36.29
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+63.2%
Consensus Rating
Hold
Rating Score (0-4)
2.42857142857143
Research Coverage
7 Analysts

Profitability

Net Income
$154.28 million
Pretax Margin
7.82%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$2.99 per share
Book Value
$15.36 per share

Miscellaneous

Free Float
117,143,000
Market Cap
$2.63 billion
Optionable
Optionable
Beta
1.33














Summit Materials Frequently Asked Questions

Should I buy or sell Summit Materials stock right now?

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.
View analyst ratings for Summit Materials
or view top-rated stocks.

What is Summit Materials' stock price forecast for 2022?

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.
View analysts' price targets for Summit Materials
or view top-rated stocks among Wall Street analysts.

How has Summit Materials' stock performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Summit Materials' next earnings date?

Summit Materials is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Summit Materials
.

How were Summit Materials' earnings last quarter?

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
.

Who are Summit Materials' key executives?

Summit Materials' management team includes the following people:
  • Ms. Anne P. Noonan, Pres, CEO & Director (Age 59, Pay $2.39M)
  • Mr. Brian J. Harris, Exec. VP & CFO (Age 66, Pay $1.12M)
  • Mr. Christopher Burke Gaskill, Exec. VP, Chief Legal Officer & Sec. (Age 40, Pay $774.23k)
  • Ms. Deon MacMillan, Exec. VP, Chief People Officer & Head of Corp. Communications (Age 48, Pay $891.24k)
  • Mr. Thomas W. Hill B.A., MBA, Founder & Consultant (Age 66)
  • Andy Larkin, VP, Investor Relations
  • Trent Musso, Sr. VP of Corp. Devel.
  • Mr. Thomas A. Beck, Exec. VP of Summit Materials (Age 65)
  • Mr. David Loomes, Sr. VP
  • Mr. Kekin Ghelani, Chief Strategy & Growth Officer

What is Thomas Hill's approval rating as Summit Materials' CEO?

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.

What other stocks do shareholders of Summit Materials own?

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).

When did Summit Materials IPO?

(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.

What is Summit Materials' stock symbol?

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

How do I buy shares of Summit Materials?

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.
Compare Top Brokerages Here.

What is Summit Materials' stock price today?

One share of SUM stock can currently be purchased for approximately $22.24.

How much money does Summit Materials make?

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.

How many employees does Summit Materials have?

Summit Materials employs 5,500 workers across the globe.

How can I contact Summit Materials?

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.

This page (NYSE:SUM) was last updated on 7/5/2022 by MarketBeat.com Staff

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