$0.91 EPS Expected for Summit Materials Inc (SUM)

October 13, 2017 - By Peter Erickson

 $0.91 EPS Expected for Summit Materials Inc (SUM)

Investors wait Summit Materials Inc (NYSE:SUM) to report on November, 1. its quarterly earnings Wall Street analysts expect $0.91 EPS, up $0.19 or 26.39 % from last year’s $0.72 same quarter earnings. This translates into $101.66 million profit for SUM giving the stock a 8.66 P/E. This is assuming the current $0.91 EPS is accurate. Summit Materials Inc’s Wall Street analysts see 89.58 % EPS growth, taking into account the $0.48 EPS reproted in the previous quarter, The stock decreased 0.66% or $0.21 during the last trading session, reaching $31.51. About 470,971 shares traded. Summit Materials Inc (NYSE:SUM) has risen 29.53% since October 14, 2016 and is uptrending. It has outperformed by 12.83% the S&P500.

Summit Materials Inc (NYSE:SUM) Ratings Coverage

Among 12 analysts covering Summit Materials (NYSE:SUM), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Summit Materials had 28 analyst reports since August 17, 2015 according to SRatingsIntel. As per Monday, August 17, the company rating was upgraded by DA Davidson. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, August 2. Citigroup maintained the shares of SUM in report on Thursday, August 4 with “Buy” rating. The company was maintained on Wednesday, September 6 by Stifel Nicolaus. On Tuesday, October 10 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, March 22. On Thursday, November 3 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained Summit Materials Inc (NYSE:SUM) rating on Wednesday, September 6. RBC Capital Markets has “Buy” rating and $35.0 target. Goldman Sachs upgraded Summit Materials Inc (NYSE:SUM) on Friday, October 2 to “Buy” rating. The firm has “Buy” rating by Bank of America given on Thursday, October 8.

Summit Materials, Inc. is a construction materials company. The company has market cap of $3.52 billion. The Firm operates through three divisions: West, East and Cement. It has a 55.83 P/E ratio. As of December 31, 2016, the Company had activities in 21 states in the United States and in British Columbia, Canada.

More recent Summit Materials Inc (NYSE:SUM) news were published by: Bloomberg.com which released: “Summit Materials Counters CRH Bid’s for Ash Grove” on October 06, 2017. Also Prnewswire.com published the news titled: “Breakfast Technical Briefing on General Building Materials Stocks — Masco …” on October 06, 2017. Businesswire.com‘s news article titled: “Summit Materials Announces Organizational Change” with publication date: October 03, 2017 was also an interesting one.

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