Summit Materials (NYSE:SUM) will post its quarterly earnings results before the market opens on Tuesday, November 6th. Analysts expect Summit Materials to post earnings of $0.75 per share for the quarter.
Shares of SUM stock opened at $15.18 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.26 and a current ratio of 2.07. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 1.72 and a beta of 1.80. Summit Materials has a 52 week low of $11.67 and a 52 week high of $34.06.
SUM has been the topic of a number of recent research reports. ValuEngine downgraded shares of Summit Materials from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 11th. DA Davidson set a $28.00 price objective on shares of Summit Materials and gave the company a “buy” rating in a report on Thursday, October 11th. Stephens set a $21.00 price objective on shares of Summit Materials and gave the company a “buy” rating in a report on Wednesday, October 17th. Zacks Investment Research upgraded shares of Summit Materials from a “strong sell” rating to a “hold” rating in a report on Friday, July 27th. Finally, Citigroup lowered their price objective on shares of Summit Materials from $38.00 to $37.00 and set a “$25.50” rating on the stock in a report on Monday, July 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. Summit Materials currently has a consensus rating of “Buy” and a consensus target price of $29.59.
About Summit Materials
Summit Materials, Inc, together with its subsidiaries, produces and sells construction materials and related downstream products. Its products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products. The company also provides paving and related services to private and public infrastructure sectors.
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