Summit Materials (SUM) Receives News Sentiment Rating of 0.01
News stories about Summit Materials (NYSE:SUM) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Summit Materials earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 47.6878792065072 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Douglas Charles Rauh Sells 26,324 Shares of Summit Materials, Inc. (SUM) Stock (americanbankingnews.com)
- Summit Materials, Inc. (SUM) Given “Buy” Rating at Royal Bank Of Canada (americanbankingnews.com)
- DA Davidson Comments on Summit Materials, Inc.’s FY2017 Earnings (SUM) (americanbankingnews.com)
- Brokers Issue Forecasts for Summit Materials, Inc.’s Q2 2018 Earnings (SUM) (americanbankingnews.com)
- Summit Materials, Inc. (SUM) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
Summit Materials (NYSE SUM) remained flat at $$30.89 during mid-day trading on Friday. The stock had a trading volume of 1,014,486 shares, compared to its average volume of 1,457,725. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.98 and a quick ratio of 2.32. The stock has a market cap of $3,296.09, a P/E ratio of 33.33, a price-to-earnings-growth ratio of 2.81 and a beta of 2.04.
Summit Materials (NYSE:SUM) last posted its quarterly earnings data on Monday, October 30th. The construction company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.10). Summit Materials had a return on equity of 10.35% and a net margin of 4.09%. The firm had revenue of $634.18 million during the quarter, compared to analyst estimates of $558.93 million. During the same quarter in the previous year, the firm posted $0.73 earnings per share. The company’s quarterly revenue was up 19.8% on a year-over-year basis. equities analysts expect that Summit Materials will post 1.04 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on SUM. BidaskClub upgraded Summit Materials from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research cut Summit Materials from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Stifel Nicolaus reissued a “buy” rating and issued a $35.00 price objective on shares of Summit Materials in a research report on Thursday, August 3rd. Royal Bank Of Canada raised their price objective on Summit Materials from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, TheStreet upgraded Summit Materials from a “c+” rating to a “b” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $33.83.
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In other news, CEO Thomas W. Hill sold 6,200 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $30.04, for a total transaction of $186,248.00. Following the transaction, the chief executive officer now directly owns 170,610 shares in the company, valued at approximately $5,125,124.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Thomas W. Hill sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $28.20, for a total value of $352,500.00. Following the transaction, the insider now owns 170,610 shares in the company, valued at $4,811,202. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 621,610 shares of company stock worth $18,474,032. Insiders own 1.97% of the company’s stock.
Summit Materials Company Profile
Summit Materials, Inc is a construction materials company. The Company operates through three segments: West, East and Cement. As of December 31, 2016, the Company had operations in 21 states in the United States and in British Columbia, Canada. The Company’s materials include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies along the Mississippi River from Minneapolis to New Orleans.
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