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, February, 5th. The construction company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.12 by $0.50. The construction company had revenue of $556.50 million for the quarter, compared to analysts' expectations of $488.40 million. Summit Materials had a net margin of 2.69% and a return on equity of 8.01%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.16) EPS. View Summit Materials' Earnings History.

Summit Materials is scheduled to release their next quarterly earnings announcement on Wednesday, May 13th 2020. View Earnings Estimates for Summit Materials.

14 Wall Street analysts have issued twelve-month price targets for Summit Materials' shares. Their forecasts range from $18.00 to $32.00. On average, they expect Summit Materials' stock price to reach $26.27 in the next year. This suggests a possible upside of 11.6% 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, 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Summit Materials.

Press coverage about SUM stock has been trending extremely negative on Thursday, 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 -5 to 5, with scores nearest to five being the most favorable. Summit Materials earned a news sentiment score of -4.3 on InfoTrie's scale. They also gave news coverage about the construction company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Summit Materials.

Some companies that are related to Summit Materials include Sociedad Quimica y Minera de Chile (SQM), Teck Resources (TECK), 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), Netflix (NFLX), Altria Group (MO), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), General Electric (GE), Starbucks (SBUX), Walgreens Boots Alliance (WBA) and Bank of America (BAC).

(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 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 number of of retail and institutional investors. Top institutional shareholders include Janus Henderson Group PLC (7.13%), FMR LLC (6.42%), Principal Financial Group Inc. (4.88%), Jennison Associates LLC (3.86%), Eagle Asset Management Inc. (2.86%) and Victory Capital Management Inc. (2.25%). 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 sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Jennison Associates LLC, Bank of New York Mellon Corp, Weitz Investment Management Inc., Penn Capital Management Co. Inc., Bamco Inc. NY, Red Cedar Management LP and New York State Common Retirement Fund. Company insiders that have sold Summit Materials company stock in the last year include Anne Lee Benedict, Brian James Harris, John Raymond Murphy and Mikel Shane Evans. View Insider Buying and Selling for Summit Materials.

SUM stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Valueworks LLC, Scopus Asset Management L.P., Victory Capital Management Inc., Principal Financial Group Inc., Renaissance Technologies LLC, Columbus Circle Investors and Monarch Partners Asset Management LLC. 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 $23.54.

Summit Materials has a market capitalization of $2.67 billion and generates $2.22 billion in revenue each year. The construction company earns $61.12 million in net income (profit) each year or $0.94 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]