NYSE:SUM - Summit Materials Stock Price, Price Target & More

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

Summit Materials Inc (NYSE:SUM) issued its quarterly earnings data on Tuesday, May, 8th. The construction company reported ($0.55) earnings per share for the quarter, topping analysts' consensus estimates of ($0.59) by $0.04. The construction company earned $289.92 million during the quarter, compared to the consensus estimate of $297.51 million. Summit Materials had a net margin of 6.03% and a return on equity of 10.20%. The company's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.49) earnings per share. View Summit Materials' Earnings History.

Summit Materials is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Summit Materials.

10 brokerages have issued 12 month price targets for Summit Materials' stock. Their forecasts range from $12.50 to $39.00. On average, they anticipate Summit Materials' stock price to reach $32.9444 in the next year. This suggests a possible upside of 27.5% from the stock's current price. View Analyst Ratings for Summit Materials.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Materials in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Summit Materials include MDU Resources Group (MDU), Compass Minerals International (CMP), U.S. Silica (SLCA), Hecla Mining (HL), Fairmount Santrol (FMSA), Hi-Crush Partners (HCLP), Ciner Resources (CINR), Intrepid Potash (IPI), United States Lime & Minerals (USLM), Smart Sand (SND), Emerge Energy Services (EMES), Zenyatta Ventures (ZENYF), Canada Jetlines (JETMF), Cambrian Minerals Group (SMPR) and Applied Minerals (AMNL).

(SUM) raised $400 million in an initial public offering 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.

News coverage about SUM stock has trended somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Summit Materials earned a news sentiment score of 0.10 on Accern's scale. They also assigned media coverage about the construction company an impact score of 45.03 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Summit Materials' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Foundry Partners LLC (0.06%), Essex Investment Management Co. LLC (0.05%), Xact Kapitalforvaltning AB (0.02%), Amalgamated Bank (0.02%) 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, Holdings LP Blackstone II, John Raymond Murphy, Michael John Brady, 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 Foundry Partners LLC. Company insiders that have sold Summit Materials company stock in the last year include Anne Lee Benedict, Damian John Murphy, Douglas Charles Rauh, John Raymond Murphy, Ted A Gardner, Thomas A Beck and Thomas W Hill. View Insider Buying and Selling for Summit Materials.

SUM stock was acquired by a variety of institutional investors in the last quarter, including Essex Investment Management Co. LLC, Xact Kapitalforvaltning AB, Amalgamated Bank and Bank of Montreal Can. 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 $25.84.

Summit Materials has a market capitalization of $2.90 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.

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]