Summit Materials (SUM) Scheduled to Post Quarterly Earnings on Tuesday

Summit Materials (NYSE:SUM) will announce its earnings results before the market opens on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.

Shares of Summit Materials (NYSE SUM) opened at $29.15 on Tuesday. The firm has a market cap of $3,320.00 and a PE ratio of 42.87. Summit Materials has a 1 year low of $21.88 and a 1 year high of $34.06. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.59 and a quick ratio of 2.01.

In related news, EVP Damian John Murphy sold 115,118 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $31.75, for a total transaction of $3,654,996.50. Following the completion of the sale, the executive vice president now owns 66,440 shares of the company’s stock, valued at approximately $2,109,470. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas W. Hill sold 6,300 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $31.04, for a total transaction of $195,552.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 196,418 shares of company stock valued at $6,131,924. Insiders own 1.97% of the company’s stock.

Several equities research analysts have recently weighed in on SUM shares. Barclays started coverage on shares of Summit Materials in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $32.00 target price for the company. Royal Bank of Canada reissued a “buy” rating on shares of Summit Materials in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Summit Materials from a “strong sell” rating to a “hold” rating in a research report on Friday, January 5th. Citigroup boosted their target price on shares of Summit Materials from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Bank of America boosted their target price on shares of Summit Materials from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $32.44.

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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)

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