Summit Materials, Inc. (NYSE:SUM) traded with the volume of 1.08 Million Yesterday. The Stock Opened its session at $19.34 and closed at $18.77 by showing an decrease of -3.05 percent. Summit Materials, Inc. has 1 year price target of 6.29. The stock gained a consensus recommendation of 1.2 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. The company is expected to report its next EPS (earnings per share) on Nov 02 BMO. The company reported its last quarter on Jun 16.
On Jun 16 Summit Materials, Inc. (NYSE:SUM) reported its EPS in the last quarter as $0/Share lagging the analyst estimate of $0.04/Share by the difference of $-0.04. This showed the surprise of -100% in the last quarter earnings. For the Current Quarter, 2 analyst are projecting the mean EPS to be $-0.38/share. According to their observations and findings, the stock could provide a high EPS of $-0.31/share and a Low EPS of $-0.45/share.
The 9 analysts offering 12-month price forecasts for Summit Materials Inc have a median target of 25.00, with a high estimate of 30.00 and a low estimate of 21.00. The median estimate represents a +33.19% increase from the last price of 18.77. (CNN MONEY)
Many Analysts provided their foresight on Revenue Estimates of Summit Materials, Inc. where they believe that the company has the potential to earn average revenue of $18.99 Million for the current quarter. According to their predictions High & Low revenue estimates are 19.44 Million and 18.61 Million respectively.
Summit Materials, Inc. (NYSE:SUM) topped its 52-week high price of $24.97 on Nov 6, 2015 and 52-Week Low Price of $13.12 on Feb 9, 2016. The Stock currently has the market capitalization of $2.8 Million, P/E (price to earnings ttm) of 30.92 and Weekly volatility of 2.85%% and monthly volatility of 3.36%% respectively.
Summit Materials, Inc. is currently showing -52.4% EPS growth this year. The Next Year EPS growth is 110%, Long term annual growth estimate of 0.03%, Annual EPS growth past 5 years of -5.76 percent. The Company currently has Insider ownership of 0.1 Percent and Institutional Ownership of 90.8 Percent. The Return on Assets stands at 1.2%, Return on Equity shows 4.8% and Return on Investment value is 4.2%.
Summit Materials, Inc. Gross Margin percentage stands at 32.4% while its Operating Margin for trailing twelve month is 8.3 percent and Profit margin (ttm) is 2 Percent. The stock is currently moving above its 20-Day Simple Moving Average of -4.33% with the 50-Day Simple Moving Average of -4.33 percent. Currently, the company has SMA200 (200-day simple moving average) of -3.36 Percent. The Stock has YTD (year to date) performance of -6.34 percent.
Many research firms have provided their ratings on Summit Materials, Inc. (NYSE:SUM) where Citigroup provided Buyrating on the stock on 17-Feb-16. Other firms include BofA/Merrill giving Buy rating on 8-Oct-15.
The latest Insider trade was made on 14 Sep 2016 where Hill (Thomas W) Chief Executive Officer did a transaction type “Sell” in which 5000 shares were traded at a price of $17.91. Another insider trade includes Chief Executive Officer Hill (Thomas W) who also initiated a transaction in which 5000 shares were traded on 13 Sep 2016 as “Sell”.
Summit Materials, Inc. is a construction material company. The company supplies aggregates, cement, ready-mix concrete and asphalt primarily in the United States and western Canada. Summit Materials, Inc. is headquartered in Denver, Colorado.