Summit Materials Inc (SUM) Analysts See $0.91 EPS

October 13, 2017 - By Darrin Black

 Summit Materials Inc (SUM) Analysts See $0.91 EPS

Wall Street await Summit Materials Inc (NYSE:SUM) to release earnings on November, 1. Analysts forecast earnings per share of $0.91, up exactly $0.19 or 26.39 % from 2014’s $0.72 EPS. The expected SUM’s profit could reach $101.66 million giving the stock 8.66 P/E in the case that $0.91 earnings per share is reported. After posting $0.48 EPS for the previous quarter, Summit Materials Inc’s analysts now forecast 89.58 % EPS growth. The stock decreased 0.66% or $0.21 during the last trading session, reaching $31.51. About 470,971 shares traded. Summit Materials Inc (NYSE:SUM) has risen 29.53% since October 14, 2016 and is uptrending. It has outperformed by 12.83% the S&P500.

Summit Materials Inc (NYSE:SUM) Ratings Coverage

Among 12 analysts covering Summit Materials (NYSE:SUM), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Summit Materials had 28 analyst reports since August 17, 2015 according to SRatingsIntel. Citigroup initiated it with “Neutral” rating and $27 target in Tuesday, August 18 report. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, March 22. Suntrust Robinson initiated Summit Materials Inc (NYSE:SUM) on Friday, January 20 with “Buy” rating. RBC Capital Markets maintained the stock with “Buy” rating in Monday, July 24 report. The stock of Summit Materials Inc (NYSE:SUM) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 4. The stock of Summit Materials Inc (NYSE:SUM) earned “Buy” rating by DA Davidson on Monday, August 17. Goldman Sachs upgraded it to “Buy” rating and $29 target in Friday, October 2 report. The rating was maintained by Stifel Nicolaus on Wednesday, September 6 with “Buy”. On Monday, June 19 the stock rating was maintained by RBC Capital Markets with “Buy”. As per Tuesday, October 10, the company rating was maintained by RBC Capital Markets.

Summit Materials, Inc. is a construction materials company. The company has market cap of $3.52 billion. The Firm operates through three divisions: West, East and Cement. It has a 55.83 P/E ratio. As of December 31, 2016, the Company had activities in 21 states in the United States and in British Columbia, Canada.

More recent Summit Materials Inc (NYSE:SUM) news were published by: Bloomberg.com which released: “Summit Materials Counters CRH Bid’s for Ash Grove” on October 06, 2017. Also Prnewswire.com published the news titled: “Breakfast Technical Briefing on General Building Materials Stocks — Masco …” on October 06, 2017. Businesswire.com‘s news article titled: “Summit Materials Announces Organizational Change” with publication date: October 03, 2017 was also an interesting one.

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