Analysts See $0.83 EPS for Summit Materials, Inc. (SUM)

October 2, 2018 - By Peter Erickson

Summit Materials, Inc. (NYSE:SUM) Logo

Analysts expect Summit Materials, Inc. (NYSE:SUM) to report $0.83 EPS on October, 29.They anticipate $0.11 EPS change or 15.28 % from last quarter’s $0.72 EPS. SUM’s profit would be $95.54M giving it 5.42 P/E if the $0.83 EPS is correct. After having $0.32 EPS previously, Summit Materials, Inc.’s analysts see 159.38 % EPS growth. The stock decreased 0.94% or $0.17 during the last trading session, reaching $18.01. About 2.07M shares traded. Summit Materials, Inc. (NYSE:SUM) has declined 36.63% since October 2, 2017 and is downtrending. It has underperformed by 52.25% the S&P500.

Summit Materials, Inc. (NYSE:SUM) Ratings Coverage

Among 5 analysts covering Summit Materials (NYSE:SUM), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Summit Materials had 5 analyst reports since April 17, 2018 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, August 3. SunTrust maintained the stock with “Buy” rating in Wednesday, May 30 report. Citigroup maintained it with “Buy” rating and $37 target in Monday, July 23 report. The stock of Summit Materials, Inc. (NYSE:SUM) has “Equal-Weight” rating given on Thursday, August 2 by Barclays Capital.

Summit Materials, Inc., together with its subsidiaries, produces and sells construction materials and related downstream products. The company has market cap of $2.07 billion. The Company’s products include aggregates, cement, ready-mixed concrete, asphalt paving mixes, and concrete products. It has a 18.92 P/E ratio. The firm also provides paving and related services to private and public infrastructure sectors.

Summit Materials, Inc. (NYSE:SUM) Ratings Chart

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