Summit Materials Inc (NYSE: SUM) on Friday, soared 1.27% from the previous trading day, before settling in for the closing price of $41.75. Within the past 52 weeks, SUM’s price has moved between $30.83 and $44.89.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 4.55%. The company achieved an average annual earnings per share of 2.03%. With a float of $119.52 million, this company’s outstanding shares have now reached $119.53 million.
Let’s determine the extent of company efficiency that accounts for 5300 employees. In terms of profitability, gross margin is 21.71%, operating margin of 11.77%, and the pretax margin is 11.2%.
Summit Materials Inc (SUM) Insider Activity
Observing investor behavior towards Building Materials industry stocks is more important than anything else. The insider ownership of Summit Materials Inc is 31.93%, while institutional ownership is 69.71%. The most recent insider transaction that took place on Oct 01 ’24, was worth 694,303. Before that another transaction happened on May 13 ’24, when Company’s See Remarks sold 50,589 for $40.21, making the entire transaction worth $2,033,951. This insider now owns 60,630 shares in total.
Summit Materials Inc (SUM) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.81 earnings per share (EPS) for the period topping the consensus outlook (set at 0.75) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.03% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.10% during the next five years compared to 51.73% growth over the previous five years of trading.
Summit Materials Inc (NYSE: SUM) Trading Performance Indicators
Summit Materials Inc (SUM) is currently performing well based on its current performance indicators. A quick ratio of 2.01 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.20. Likewise, its price to free cash flow for the trailing twelve months is 54.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.15, a number that is poised to hit 0.70 in the next quarter and is forecasted to reach 2.15 in one year’s time.
Technical Analysis of Summit Materials Inc (SUM)
Looking closely at Summit Materials Inc (NYSE: SUM), its last 5-days average volume was 1.35 million, which is a jump from its year-to-date volume of 0.98 million. As of the previous 9 days, the stock’s Stochastic %D was 96.39%. Additionally, its Average True Range was 1.17.
During the past 100 days, Summit Materials Inc’s (SUM) raw stochastic average was set at 93.92%, which indicates a significant decrease from 94.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.98% in the past 14 days, which was lower than the 33.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.53, while its 200-day Moving Average is $39.05. However, in the short run, Summit Materials Inc’s stock first resistance to watch stands at $42.79. Second resistance stands at $43.30. The third major resistance level sits at $43.95. If the price goes on to break the first support level at $41.63, it is likely to go to the next support level at $40.98. Should the price break the second support level, the third support level stands at $40.47.
Summit Materials Inc (NYSE: SUM) Key Stats
Market capitalization of the company is 7.42 billion based on 175,465K outstanding shares. Right now, sales total 2,619 M and income totals 289,630 K. The company made 1,118 M in profit during its latest quarter, and 106,080 K in sales during its previous quarter.
