Summit Materials, Inc. Reports First Quarter 2021 Results
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Summit Materials (SUM) PT Raised to $37 at Loop Capital
May 12, 2021 7:40 AM EDTLoop Capital analyst Garik Shmois raised the price target on Summit Materials (NYSE: SUM) to $37.00 (from $34.00) while maintaining a Buy rating.
The analyst commented, "On the back of SUMs impressive 1Q, were raising our estimates and PT to $37 (+$3) as absent significant weather... More
Summit Materials (SUM) Tops Q1 EPS by 14c, Revenues Beat
May 10, 2021 4:17 PM EDTSummit Materials (NYSE: SUM) reported Q1 EPS of ($0.33), $0.14 better than the analyst estimate of ($0.47). Revenue for the quarter came in at $398.5 million versus the consensus estimate of $355 million.
Anne Noonan, CEO of Summit Materials, commented, "After a strong finish to 2020, Summit has accelerated into 2021 with record first quarter Adjusted EBITDA. Migration activity continues to favor our rural and exurban markets and most of... More
