Summit Materials Inc (NYSE: SUM) closed the day trading at $41.98 down -0.43% from the previous closing price of $42.16. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 1440703 shares were traded. SUM stock price reached its highest trading level at $42.60 during the session, while it also had its lowest trading level at $41.76.
Ratios:
For a better understanding of SUM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.92. For the most recent quarter (mrq), Quick Ratio is recorded 4.62 and its Current Ratio is at 5.36. In the meantime, Its Debt-to-Equity ratio is 1.02 whereas as Long-Term Debt/Eq ratio is at 1.01.
On January 12, 2024, RBC Capital Mkts Downgraded its rating to Sector Perform which previously was Outperform and also lowered its target price recommendation from $43 to $38.
Seaport Research Partners Upgraded its Neutral to Buy on October 24, 2023, while the target price for the stock was maintained at $47.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SUM now has a Market Capitalization of 7.32B and an Enterprise Value of 9.27B. As of this moment, Summit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.59, and their Forward P/E ratio for the next fiscal year is 16.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.79 while its Price-to-Book (P/B) ratio in mrq is 2.18. Its current Enterprise Value per Revenue stands at 3.54 whereas that against EBITDA is 12.61.
Stock Price History:
Over the past 52 weeks, SUM has reached a high of $44.42, while it has fallen to a 52-week low of $25.43. The 50-Day Moving Average of the stock is 38.83, while the 200-Day Moving Average is calculated to be 35.96.
Shares Statistics:
Over the past 3-months, SUM traded about 939.15K shares per day on average, while over the past 10 days, SUM traded about 1.28M shares per day. A total of 119.53M shares are outstanding, with a floating share count of 118.59M. Insiders hold about 31.95% of the company’s shares, while institutions hold 69.39% stake in the company. Shares short for SUM as of Feb 29, 2024 were 4.6M with a Short Ratio of 4.90, compared to 3.75M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.64% and a Short% of Float of 2.85%.
Earnings Estimates
Current recommendations for the stock of the company come from 12 analysts. On average, analysts expect EPS of -$0.24 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.56, while EPS last year was -$0.26. The consensus estimate for the next quarter is $0.87, with high estimates of $1.3 and low estimates of $0.7.
Analysts are recommending an EPS of between $2.89 and $1.8 for the fiscal current year, implying an average EPS of $2.06. EPS for the following year is $2.47, with 11 analysts recommending between $3.09 and $2.09.
Revenue Estimates
13 analysts predict $842.4M in revenue for the current quarter. It ranges from a high estimate of $998M to a low estimate of $662.35M. As of the current estimate, Summit Materials Inc’s year-ago sales were $420.91M, an estimated increase of 100.10% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $1.24B, an increase of 83.90% less than the figure of $100.10% in the same quarter last year. There is a high estimate of $1.33B for the next quarter, whereas the lowest estimate is $1.16B.
A total of 13 analysts have provided revenue estimates for SUM’s current fiscal year. The highest revenue estimate was $4.87B, while the lowest revenue estimate was $4.1B, resulting in an average revenue estimate of $4.48B. In the same quarter a year ago, actual revenue was $2.62B, up 71.20% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $4.77B in the next fiscal year. The high estimate is $5.36B and the low estimate is $4.29B. The average revenue growth estimate for next year is up 6.40% from the average revenue estimate for this year.
