Summit Materials, Inc. (SUM) EPS Estimated At $0.27

February 17, 2018 - By Peter Erickson

 Summit Materials, Inc. (SUM) EPS Estimated At $0.27

Analysts expect Summit Materials, Inc. (NYSE:SUM) to report $0.27 EPS on February, 28.They anticipate $0.06 EPS change or 28.57 % from last quarter’s $0.21 EPS. SUM’s profit would be $30.85M giving it 30.23 P/E if the $0.27 EPS is correct. After having $0.72 EPS previously, Summit Materials, Inc.’s analysts see -62.50 % EPS growth. The stock increased 0.59% or $0.19 during the last trading session, reaching $32.65. About 1.72M shares traded or 40.99% up from the average. Summit Materials, Inc. (NYSE:SUM) has risen 29.53% since February 17, 2017 and is uptrending. It has outperformed by 12.83% the S&P500.

Summit Materials, Inc. (NYSE:SUM) Ratings Coverage

Among 14 analysts covering Summit Materials (NYSE:SUM), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Summit Materials had 36 analyst reports since August 17, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $35.0 target in Wednesday, September 6 report. The firm has “Buy” rating by Stifel Nicolaus given on Friday, October 6. The rating was downgraded by Goldman Sachs on Tuesday, October 11 to “Neutral”. The rating was upgraded by Bank of America on Thursday, October 8 to “Buy”. The stock of Summit Materials, Inc. (NYSE:SUM) has “Buy” rating given on Thursday, February 15 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Wednesday, September 6 with “Buy”. The stock of Summit Materials, Inc. (NYSE:SUM) earned “Buy” rating by RBC Capital Markets on Friday, August 28. The rating was maintained by Citigroup with “Buy” on Thursday, January 25. Citigroup initiated it with “Neutral” rating and $27 target in Tuesday, August 18 report. The firm has “Hold” rating by Barclays Capital given on Tuesday, December 12.

Summit Materials, Inc., together with its subsidiaries, produces and sells construction materials and related downstream products. The company has market cap of $3.73 billion. The Company’s products include aggregates, cement, ready-mixed concrete, asphalt paving mixes, and concrete products. It has a 29.41 P/E ratio. The firm also provides paving and related services to private and public infrastructure sectors.

More recent Summit Materials, Inc. (NYSE:SUM) news were published by: Businesswire.com which released: “Summit Materials, Inc. Reports Fourth Quarter And Full-Year 2017 Results” on February 14, 2018. Also Reuters.com published the news titled: “BRIEF-Jennison Associates Reports A 5.3 Percent Passive Stake In Summit Materials” on February 06, 2018. Streetinsider.com‘s news article titled: “Form 8-K Summit Materials, Inc. For: Jan 16” with publication date: January 18, 2018 was also an interesting one.

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