EPS for Summit Materials Inc (SUM) Expected At $0.91

October 13, 2017 - By Ellis Scott

 EPS for Summit Materials Inc (SUM) Expected At $0.91

Analysts expect Summit Materials Inc (NYSE:SUM) to report $0.91 EPS on November, 1.They anticipate $0.19 EPS change or 26.39 % from last quarter’s $0.72 EPS. SUM’s profit would be $101.66 million giving it 8.66 P/E if the $0.91 EPS is correct. After having $0.48 EPS previously, Summit Materials Inc’s analysts see 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. RBC Capital Markets maintained the shares of SUM in report on Tuesday, October 10 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Wednesday, August 2 with “Buy”. RBC Capital Markets maintained Summit Materials Inc (NYSE:SUM) on Monday, June 19 with “Buy” rating. The stock of Summit Materials Inc (NYSE:SUM) earned “Outperform” rating by RBC Capital Markets on Thursday, November 3. The firm has “Buy” rating by Bank of America given on Thursday, October 8. The rating was upgraded by DA Davidson to “Buy” on Monday, August 17. The stock of Summit Materials Inc (NYSE:SUM) has “Neutral” rating given on Wednesday, November 16 by Bank of America. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 4. On Friday, January 20 the stock rating was initiated by Suntrust Robinson with “Buy”. The firm has “Buy” rating given on Friday, October 6 by Stifel Nicolaus.

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

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