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

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

Summit Materials Inc (NYSE:SUM) announced its earnings results on Tuesday, November, 6th. The construction company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.75 by $0.21. The construction company earned $625 million during the quarter, compared to the consensus estimate of $638.93 million. Summit Materials had a net margin of 4.64% and a return on equity of 6.74%. The company's revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. View Summit Materials' Earnings History.

Summit Materials is scheduled to release their next quarterly earnings announcement on Wednesday, February 13th 2019. View Earnings Estimates for Summit Materials.

10 brokerages have issued 12-month target prices for Summit Materials' shares. Their forecasts range from $18.00 to $38.00. On average, they expect Summit Materials' stock price to reach $24.5556 in the next twelve months. This suggests a possible upside of 67.7% from the stock's current price. View Analyst Price Targets for Summit Materials.

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

Media stories about SUM stock have trended very positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Summit Materials earned a news sentiment score of 3.2 on InfoTrie's scale. They also gave news headlines about the construction company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Summit Materials saw a decline in short interest in the month of December. As of December 14th, there was short interest totalling 15,325,555 shares, a decline of 18.2% from the November 30th total of 18,733,058 shares. Based on an average daily volume of 3,080,406 shares, the days-to-cover ratio is presently 5.0 days. Currently, 13.8% of the shares of the stock are sold short. View Summit Materials' Current Options Chain.

Some companies that are related to Summit Materials include MDU Resources Group (MDU), Compass Minerals International (CMP), Hecla Mining (HL), U.S. Silica (SLCA), LYNAS CORP LTD/S (LYSDY), Ciner Resources (CINR), Hi-Crush Partners (HCLP), Intrepid Potash (IPI), United States Lime & Minerals (USLM), Smart Sand (SND), Emerge Energy Services (EMES), PIEDMONT LITHIU/S (PLLL), Pall (PLL), Canada Jetlines (JETMF) and Zenyatta Ventures (ZENYF).

(SUM) raised $400 million in an IPO on Thursday, March 12th 2015. The company issued 22,200,000 shares at $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 a variety of of institutional and retail investors. Top institutional shareholders include New England Research & Management Inc. (0.01%) and Bank of Montreal Can (0.01%). Company insiders that own Summit Materials stock include Anne Lee Benedict, Brian James Harris, Damian John Murphy, Douglas Charles Rauh, 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 sold by a variety of institutional investors in the last quarter, including New England Research & Management Inc.. Company insiders that have sold Summit Materials company stock in the last year include Anne Lee Benedict, John Raymond Murphy, Ted A Gardner and Thomas W Hill. View Insider Buying and Selling for Summit Materials.

SUM stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can. Company insiders that have bought Summit Materials stock in the last two years include Brian James Harris, Karl Watson and Thomas A Beck. 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, Scottrade, Fidelity and Charles Schwab.

One share of SUM stock can currently be purchased for approximately $14.64.

Summit Materials has a market capitalization of $1.63 billion and generates $1.93 billion in revenue each year. The construction company earns $125.80 million in net income (profit) each year or $0.93 on an earnings per share basis. Summit Materials employs 6,000 workers across the globe.

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]