Summit Materials (SUM) Expected to Announce Earnings on Wednesday

Summit Materials (NYSE:SUM - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect Summit Materials to post earnings of $0.38 per share and revenue of $1.00 billion for the quarter.

Summit Materials Stock Performance

Shares of NYSE:SUM traded down $0.05 during trading on Friday, hitting $52.44. 3,684,641 shares of the stock were exchanged, compared to its average volume of 2,756,030. Summit Materials has a 1-year low of $34.64 and a 1-year high of $53.49. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 63.95 and a beta of 1.13. The company's fifty day simple moving average is $51.45 and its 200-day simple moving average is $45.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.48 and a current ratio of 3.10.

Wall Street Analysts Forecast Growth

SUM has been the topic of several recent analyst reports. Loop Capital reaffirmed a "hold" rating and issued a $52.50 price target (down previously from $54.00) on shares of Summit Materials in a research note on Tuesday, November 26th. Longbow Research reaffirmed a "neutral" rating on shares of Summit Materials in a research note on Tuesday, November 26th. DA Davidson boosted their price objective on Summit Materials from $41.00 to $47.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Barclays raised Summit Materials from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $45.00 to $52.00 in a research note on Tuesday, October 29th. Finally, Citigroup reissued a "neutral" rating and issued a $52.50 price objective (down previously from $55.00) on shares of Summit Materials in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $50.54.

Insider Activity at Summit Materials

In other Summit Materials news, insider Christopher Burke Gaskill sold 1,536 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $50.91, for a total value of $78,197.76. Following the completion of the sale, the insider now directly owns 40,221 shares in the company, valued at $2,047,651.11. This represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Summit Materials Company Profile

Summit Materials, Inc is a vertically integrated construction materials company, which engages in manufacturing construction materials and related downstream products. It operates through the following segments: West, East, and Cement. The West segment includes operations in Texas, Utah, Arizona, Colorado, Idaho, Wyoming, Oklahoma, Arkansas and British Columbia, Canada.