NYSE:SUMSummit Materials Stock Price, Forecast & News

Summit Materials' stock was trading at $14.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SUM shares have increased by 22.8% and is now trading at $17.38. View which stocks have been most impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 1 sell rating, 5 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Summit Materials.

Summit Materials is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Summit Materials.

Summit Materials will be holding an earnings conference call on Tuesday, July 21st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Summit Materials Inc (NYSE:SUM) announced its earnings results on Wednesday, April, 29th. The construction company reported ($0.48) earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.48). The construction company earned $342.40 million during the quarter, compared to the consensus estimate of $321.47 million. Summit Materials had a net margin of 3.67% and a return on equity of 7.89%. The company's revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.49) EPS. View Summit Materials' earnings history.

16 equities research analysts have issued 12 month price objectives for Summit Materials' shares. Their forecasts range from $12.50 to $28.00. On average, they expect Summit Materials' stock price to reach $18.96 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price. View analysts' price targets for Summit Materials.

News articles about SUM stock have been trending positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Summit Materials earned a media sentiment score of 2.1 on InfoTrie's scale. They also gave media stories about the construction company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news about 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), Hecla Mining (HL), Compass Minerals International (CMP), LYNAS CORP LTD/S (LYSDY), United States Lime & Minerals (USLM), GalianoGoldInc . (GAU), U.S. Silica (SLCA), Ciner Resources (CINR), Intrepid Potash (IPI), Smart Sand (SND), Piedmont Lithium (PLL), ZEN Graphene Solutions (ZENYF) and Hi-Crush (HCR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Materials investors own include Square (SQ), Altria Group (MO), Netflix (NFLX), General Electric (GE), Southern (SO), WNS (WNS), AbbVie (ABBV), Intel (INTC), Pfizer (PFE) and Starbucks (SBUX).

(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 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."

Summit Materials' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.02%). Company insiders that own Summit Materials stock include Anne Lee Benedict, Brian James Harris, John Raymond Murphy, Karl Watson, Mikel Shane Evans, 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 Envestnet Asset Management Inc.. 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 activity 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 $17.38.

Summit Materials has a market capitalization of $1.98 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.

The official website for Summit Materials is 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]