Summit Materials, Inc. (NYSE:SUM) is set to announce its earnings results before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.91 per share for the quarter.

Summit Materials (NYSE:SUM) last released its earnings results on Wednesday, August 2nd. The construction company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.09). Summit Materials had a return on equity of 9.90% and a net margin of 2.46%. The firm had revenue of $478.37 million for the quarter, compared to the consensus estimate of $469.91 million. During the same period in the prior year, the business earned $0.46 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts expect Summit Materials to post $1.19 EPS for the current fiscal year and $1.7 EPS for the next fiscal year.

Summit Materials, Inc. (NYSE SUM) opened at 31.82 on Tuesday. Summit Materials, Inc. has a 12-month low of $17.84 and a 12-month high of $32.69. The firm’s 50-day moving average price is $31.25 and its 200-day moving average price is $31.25. The company has a market cap of $3.42 billion, a P/E ratio of 70.71 and a beta of 2.07.

In other Summit Materials news, insider Douglas Charles Rauh sold 100,000 shares of Summit Materials stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $28.69, for a total transaction of $2,869,000.00. Following the sale, the insider now directly owns 43,051 shares of the company’s stock, valued at $1,235,133.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas W. Hill sold 250,000 shares of Summit Materials stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $29.30, for a total value of $7,325,000.00. Following the sale, the insider now directly owns 70,610 shares in the company, valued at $2,068,873. The disclosure for this sale can be found here. Insiders have sold 603,933 shares of company stock worth $17,865,984 over the last ninety days. Company insiders own 1.97% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/24/summit-materials-inc-sum-scheduled-to-post-quarterly-earnings-on-tuesday.html.

SUM has been the topic of several research reports. Stifel Nicolaus restated a “buy” rating and set a $35.00 price target on shares of Summit Materials in a research note on Thursday, August 3rd. BidaskClub upgraded Summit Materials from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded Summit Materials from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 5th. TheStreet upgraded Summit Materials from a “c+” rating to a “b” rating in a research note on Wednesday, August 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $35.00 price target (up from $33.00) on shares of Summit Materials in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.20.

Summit Materials Company Profile

Summit Materials, Inc is a construction materials company. The Company operates through three segments: West, East and Cement. As of December 31, 2016, the Company had operations in 21 states in the United States and in British Columbia, Canada. The Company’s materials include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies along the Mississippi River from Minneapolis to New Orleans.

Earnings History for Summit Materials (NYSE:SUM)

Receive News & Ratings for Summit Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.