Summit Materials Inc (NYSE:SUM) currently has a daily average trading volume of 1.01M but it saw 1316554 shares traded in last market. With a market cap of 7.13B USD, the company’s current market price of $40.62 came rising about 0.79 while comparing to the previous closing price of $40.30. In past 52 weeks, the stock remained buoying in the range of price level as high as $44.89 and as low as $30.83. In the recent trading on the day, stock has struck highest price mark of $40.0 while lowest mark touched by it was $40.865.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Morgan Stanley which initiated the stock as “Overweight” in its note to investors issued on August 26, 2024, recommending a price target of $51 for it. Wolfe Research upgraded its recommendation for the stock as a “Outperform” from “Peer Perform” on May 15, 2024 while assigning a price target of $49. JP Morgan issued its recommendations for the stock as it resumed the price target for the stock in the range of between $40 and $47.
Over the week, SUM’s stock price is moving -0.07% down while it is 5.32% when we observe its performance for the past one month. Year-to-date it is 5.62% up and over the past year, the stock is showing an upside performance of 26.19%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.81 beat the consensus estimate of 0.75 for the same. The company is expected to be releasing its next quarterly report on 2024-Oct-30, for which analysts forecasted an EPS of 0.7 while estimate for next year EPS is 1.6. In next quarter, company is expected to be making quarterly sales of $1.07B as analysts are expecting the sales for current fiscal year at $4.18B and seeing the company making $4.49B in sales next year. Moreover, analysts are in estimates of $1.21B for current-quarter revenue.
Currently, Summit Materials Inc’s total number of outstanding shares is 119.53M with 31.92% of that held by the insiders while 70.66% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.77% and return on equity (ROE) at 8.52%. It has a price to earnings ratio (P/E ratio) of 18.90 while having a 19.01 of forward P/E ratio. Stock’s beta reads 1.17. Stock has a price to book (P/B) ratio of 1.65 while price to sale or P/S ratio amounts to 2.11. Its return on asset (ROA) is 4.28% on average.
