As of close of business last night, Summit Materials Inc.’s stock clocked out at $27.53, up 2.61% from its previous closing price of $26.83. In other words, the price has increased by $+0.70 from its previous closing price. On the day, 672344 shares were traded. SUM stock price reached its highest trading level at $27.62 during the session, while it also had its lowest trading level at $26.31.
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To gain a deeper understanding of SUM’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 193.69. For the most recent quarter (mrq), Quick Ratio is recorded 3.10 and its Current Ratio is at 4.00. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.75.
Upgrades & Downgrades
On January 13, 2023, Truist started tracking the stock assigning a Buy rating and target price of $40.Truist initiated its Buy rating on January 13, 2023, with a $40 target price.
As of this moment, Summit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.18, and their Forward P/E ratio for the next fiscal year is 18.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.40 while its Price-to-Book (P/B) ratio in mrq is 1.63.
Stock Price History:
Over the past 52 weeks, SUM has reached a high of $34.40, while it has fallen to a 52-week low of $21.62. The 50-Day Moving Average of the stock is 30.87, while the 200-Day Moving Average is calculated to be 27.87.
It appears that SUM traded 689.68K shares on average per day over the past three months and 768.62k shares per day over the past ten days. A total of 118.44M shares are outstanding, with a floating share count of 117.91M. Shares short for SUM as of Jan 30, 2023 were 6.56M with a Short Ratio of 5.83M, compared to 7.29M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.54% and a Short% of Float of 5.55%.
As of right now, 13 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.29 for the current quarter, with a high estimate of $0.36 and a low estimate of $0.23, while EPS last year was $0.26. The consensus estimate for the next quarter is -$0.35, with high estimates of -$0.22 and low estimates of -$0.45.
Analysts are recommending an EPS of between $1.26 and $1.05 for the fiscal current year, implying an average EPS of $1.17. EPS for the following year is $1.38, with 15 analysts recommending between $1.75 and $1.05.
In the current quarter, 11 analysts expect revenue to total $599.29M. It ranges from a high estimate of $636.6M to a low estimate of $523.3M. As of the current estimate, Summit Materials Inc.’s year-ago sales were $596.67M, an estimated increase of 0.40% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $425.23M, an increase of 1.00% over than the figure of $0.40% in the same quarter last year. There is a high estimate of $440.1M for the next quarter, whereas the lowest estimate is $389.4M.
A total of 13 analysts have provided revenue estimates for SUM’s current fiscal year. The highest revenue estimate was $2.5B, while the lowest revenue estimate was $2.23B, resulting in an average revenue estimate of $2.42B. In the same quarter a year ago, actual revenue was $2.41B, up 0.30% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $2.49B in the next fiscal year. The high estimate is $2.67B and the low estimate is $2.29B. The average revenue growth estimate for next year is up 3.10% from the average revenue estimate for this year.