Summit Materials (NYSE:SUM – Get Free Report) issued its quarterly earnings results on Monday. The construction company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05, Briefing.com reports. Summit Materials had a return on equity of 7.33% and a net margin of 8.36%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $0.71 earnings per share. Summit Materials’s revenue was up 58.1% on a year-over-year basis.
Summit Materials Trading Up 1.0 %
SUM stock traded up $0.39 during trading on Wednesday, reaching $38.36. 285,907 shares of the stock were exchanged, compared to its average volume of 978,076. The business has a 50 day moving average price of $37.79 and a 200-day moving average price of $39.48. Summit Materials has a 1 year low of $29.98 and a 1 year high of $44.89. The company has a current ratio of 2.58, a quick ratio of 1.93 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 17.36 and a beta of 1.15.
Insider Transactions at Summit Materials
In related news, insider Jason Kilgore sold 50,589 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $40.21, for a total value of $2,034,183.69. Following the transaction, the insider now directly owns 60,630 shares in the company, valued at $2,437,932.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.55% of the company’s stock.
Wall Street Analyst Weigh In
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Summit Materials Company Profile
Summit Materials, Inc operates as a vertically integrated construction materials company in the United States and Canada. It operates in three segments: West, East, and Cement. The company offers aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components.
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