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Hot Stock in the Spotlight: Summit Materials (NYSE: SUM)

On Wednesday, Shares of Summit Materials (NYSE: SUM) fell -2.37% to $14.85. The stock traded total volume of 2,308,288 shares higher than the average volume of 1.66M shares.

Summit Materials Inc. (SUM) stated a fourth-quarter loss of $19.20M, after reporting a profit in the same period a year earlier. On a per-share basis, the Denver-based company said it had a loss of 17 cents. Losses, adjusted for non-recurring costs, were 16 cents per share. The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The construction materials producer posted revenue of $491.0M in the period. Its adjusted revenue was $445.10M, which also missed Street forecasts. Five analysts surveyed by Zacks expected $465.90M. For the year, the company stated profit of $33.90M, or 30 cents per share. Revenue was stated as $1.910B.

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SUM has the market capitalization of $1.74B and its EPS growth ratio for the past five years was 19.30%. The return on assets ratio of the Company was 0.50% while its return on investment ratio stands at 4.20%. Price to sales ratio was 0.82 while 34.89% of the stock was owned by institutional investors.

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