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In the latest session, Summit Materials Inc (NYSE: SUM) closed at $36.23 up 1.74% from its previous closing price of $35.61. In other words, the price has increased by $1.74 from its previous closing price. On the day, 0.69 million shares were traded. SUM stock price reached its highest trading level at $36.26 during the session, while it also had its lowest trading level at $35.4.
Ratios:
For a deeper understanding of Summit Materials Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.26. For the most recent quarter (mrq), Quick Ratio is recorded 1.93 and its Current Ratio is at 2.58. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.68.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on January 12, 2024, whereas the target price for the stock was revised from $43 to $38.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 13 ’24 when Kilgore Jason sold 50,589 shares for $40.21 per share. The transaction valued at 2,033,951 led to the insider holds 60,630 shares of the business.
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 6348323328 and an Enterprise Value of 8762739712. As of this moment, Summit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.12, and their Forward P/E ratio for the next fiscal year is 15.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.13 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 2.932 whereas that against EBITDA is 13.687.
Stock Price History:
The Beta on a monthly basis for SUM is 1.15, which has changed by 0.02290082 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, SUM has reached a high of $44.89, while it has fallen to a 52-week low of $29.98. The 50-Day Moving Average of the stock is -5.91%, while the 200-Day Moving Average is calculated to be -3.16%.
Shares Statistics:
For the past three months, SUM has traded an average of 926.55K shares per day and 1131510 over the past ten days. A total of 119.53M shares are outstanding, with a floating share count of 119.40M. Insiders hold about 31.95% of the company’s shares, while institutions hold 69.35% stake in the company. Shares short for SUM as of 1718323200 were 3797581 with a Short Ratio of 4.10, compared to 1715731200 on 3981251. Therefore, it implies a Short% of Shares Outstanding of 3797581 and a Short% of Float of 3.52.
Earnings Estimates
The stock of Summit Materials Inc (SUM) is currently drawing attention from 13.0 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of $0.67 for the current quarter, with a high estimate of $0.81 and a low estimate of $0.58, while EPS last year was $0.71. The consensus estimate for the next quarter is $0.82, with high estimates of $1.18 and low estimates of $0.71.
Analysts are recommending an EPS of between $2.24 and $1.58 for the fiscal current year, implying an average EPS of $1.8. EPS for the following year is $2.34, with 13.0 analysts recommending between $2.91 and $1.91.
Revenue Estimates
A total of 13 analysts believe the company’s revenue will be $1.19B this quarter.It ranges from a high estimate of $1.27B to a low estimate of $1.04B. As of the current estimate, Summit Materials Inc’s year-ago sales were $676.81MFor the next quarter, 13 analysts are estimating revenue of $1.27B. There is a high estimate of $1.33B for the next quarter, whereas the lowest estimate is $1.11B.
A total of 13 analysts have provided revenue estimates for SUM’s current fiscal year. The highest revenue estimate was $4.51B, while the lowest revenue estimate was $4.17B, resulting in an average revenue estimate of $4.36B. In the same quarter a year ago, actual revenue was $2.62BBased on 14 analysts’ estimates, the company’s revenue will be $4.64B in the next fiscal year. The high estimate is $4.82B and the low estimate is $4.2B.
