NYSE:SUM - Summit Materials Stock Price, Forecast & News

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

Summit Materials Inc (NYSE:SUM) announced its quarterly earnings results on Wednesday, October, 30th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by $0.20. The construction company earned $665.85 million during the quarter, compared to the consensus estimate of $674.18 million. Summit Materials had a return on equity of 1.40% and a net margin of 0.20%. Summit Materials's revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. View Summit Materials' Earnings History.

Summit Materials is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Summit Materials.

14 Wall Street analysts have issued 1 year price objectives for Summit Materials' shares. Their forecasts range from $18.00 to $32.00. On average, they expect Summit Materials' share price to reach $25.90 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price. View Analyst Price Targets for Summit Materials.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 1 sell rating, 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Summit Materials.

News coverage about SUM stock has trended negative recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Summit Materials earned a news sentiment score of -2.2 on InfoTrie's scale. They also gave news articles about the construction company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Summit Materials.

Some companies that are related to Summit Materials include Teck Resources (TECK), Sociedad Quimica y Minera de Chile (SQM), Mdu Resources Group (MDU), Compass Minerals International (CMP), Hecla Mining (HL), LYNAS CORP LTD/S (LYSDY), United States Lime & Minerals (USLM), U.S. Silica (SLCA), Ciner Resources (CINR), Intrepid Potash (IPI), Smart Sand (SND), Hi-Crush (HCR), Piedmont Lithium (PLL), ZEN Graphene Solutions (ZENYF) and Cambrian Minerals Group (SMPR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Materials investors own include Square (SQ), WNS (WNS), Walgreens Boots Alliance (WBA), Enterprise Products Partners (EPD), Altria Group (MO), Netflix (NFLX), Energy Transfer LP Unit (ET), General Electric (GE), Exxon Mobil (XOM) and Intel (INTC).

(SUM) raised $400 million in an initial public offering (IPO) 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 served as the underwriters for the IPO and Blackstone Capital Markets, BB&T Capital Markets, Stephens, Sterne Agee and Stifel were co-managers.

Summit Materials' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Cerebellum GP LLC (0.01%) and Zurcher Kantonalbank Zurich Cantonalbank (0.01%). Company insiders that own Summit Materials stock include Anne Lee Benedict, Brian James Harris, John Raymond Murphy, Karl Watson, Mikel Shane Evans, Ted A Gardner, Thomas A Beck and Thomas W Hill. View Institutional Ownership Trends for Summit Materials.

SUM stock was acquired by a variety of institutional investors in the last quarter, including Cerebellum GP LLC and Zurcher Kantonalbank Zurich Cantonalbank . Company insiders that have bought Summit Materials stock in the last two years include Brian James Harris, Karl Watson, Thomas A Beck and Thomas W Hill. View Insider Buying and Selling for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of SUM stock can currently be purchased for approximately $22.97.

Summit Materials has a market capitalization of $2.58 billion and generates $2.10 billion in revenue each year. The construction company earns $36.33 million in net income (profit) each year or $0.15 on an earnings per share basis. Summit Materials employs 6,000 workers across the globe.View Additional Information About Summit Materials.

The official website for Summit Materials is http://www.summit-materials.com/.

Summit Materials' mailing address is 1550 Wynkoop Street 3rd Floor, Denver CO, 80202. The construction company can be reached via phone at 303-893-0012 or via email at [email protected]