Investors’ Patience Is Being Tested Right Now By Summit Materials Inc (NYSE: SUM)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Summit Materials Inc is listed on the NYSE as a member of the Basic Materials sector and is a part of the Building Materials industry. The current market capitalization of Summit Materials Inc is $8.01B. A total of 3.25 million shares were traded on the day, compared to an average of 1.14M shares.

In the most recent transaction, Ghelani Kekin bought 17,936 shares of SUM for 38.71 per share on Oct 01 ’24. In a previous transaction on May 13 ’24, Kilgore Jason sold 50,589 shares at 40.21 per share. SUM shares that the insider owns now total 60,630.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. SUM’s most recent ex-dividend date was 12/14/2022 when it declared a $1.70 quarterly dividend that was paid in cash on 12/29/2022.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SUM has a high of $46.20 and a low of $30.83.

As of this writing, SUM has an earnings estimate of $0.7 per share for the current quarter. EPS was calculated based on a consensus of 14.0 estimates, with a high estimate of $0.86 per share and a lower estimate of $0.6. The company reported an EPS of $0.81 in the last quarter

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SUM’s latest balance sheet shows that the firm has $380.96M in Cash & Short Term Investments as of fiscal 2021. There were $1.65B in debt and $309.07M in liabilities at the time. Its Book Value Per Share was $24.68, while its Total Shareholder’s Equity was $1.82B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SUM is Buy with a score of 4.42.

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