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SUM

Summit Materials

$15.80

-0.07 (-0.44%)

04:55
02/14/19
02/14
04:55
02/14/19
04:55

Summit Materials management to meet with SunTrust

Meetings to be held in New York February 13-14 hosted by SunTrust.

  • 14

    Feb

  • 14

    Mar

  • 19

    Mar

SUM Summit Materials
$15.80

-0.07 (-0.44%)

09/11/18
DBAB
09/11/18
NO CHANGE
Target $30
DBAB
Buy
Summit Materials investor deck points to lowered outlook, says Deutsche Bank
Summit Materials didn't explicitly lower fiscal 2018 guidance with its new investor slide deck, but everything the company disclosed points in that direction, Deutsche Bank analyst Nishu Sood tells investors in a research note. The new deck, released just three weeks after the last one, describes poor weather across one-third of its operations, continued competitive pressures in the cement business and even higher asking multiples on transactions, Sood points out. The analyst lowered his fiscal 2018 EBITDA estimate to $465M from $470M and sees added risk to second half of 2018 numbers. However, Sood keeps a Buy rating on Summit Materials with a $30 price target, citing the stock's "significant valuation discount to peers."
10/11/18
DADA
10/11/18
NO CHANGE
Target $28
DADA
Buy
Summit Materials price target lowered to $28 from $32 at DA Davidson
DA Davidson analyst Brent Thielman lowered his price target on Summit Material to $28 and also lowered his FY18 EPS view to 97c from $1.06 to reflect the anticipated headwinds from adverse weather conditions during the quarter in Texas and select Midwest and Mid-Atlantic markets. The analyst notes that his forecasts are being impacted by project delays in those categories as well as increases in variable costs, adding that the "repeated weather or inflation-induced shortfalls have been amplified by an unusually deep ~2-year 'rout' in public works planning". Thielman keeps his Buy rating however, noting that the recent public sector momentum that includes a "notable shift" to much larger projects is a positive and validates mid-single to high-single digit core volume growth rate anticipated for 2019.
11/07/18
JEFF
11/07/18
NO CHANGE
JEFF
Split Congress positive catalyst for infrastructure spending, says Jefferies
A split Congress is generally viewed as a positive catalyst for infrastructure spending, Jefferies analyst Philip Ng tells investors in a research note. The analyst expects Vulcan Materials (VMC), Martin Marietta (MLM), Summit Materials (SUM) and Eagle Materials (EXP) to react favorably today following last night's election results. Further, with Californians voting against repealing SB-1, he believes Vulcan, U.S. Concrete (USCR), and Granite Construction (GVA) should rally given their exposure to the state. Ng notes that SB-1 provides $5B of funding annually for transportation construction.
01/02/19
DADA
01/02/19
NO CHANGE
Target $20
DADA
Buy
Summit Materials price target lowered to $20 from $24 at DA Davidson
DA Davidson analyst Brent Thielman lowered his price target on Summit Materials to $20 and also lowers his FY19 EPS view to 83c from $1.12, citing delayed benefits of lower energy/diesel prices and a "more conservative outcome for cement prices/activity". The analyst notes that the price hikes implemented for the new year are yet to be seen and warns that the company's initial FY19 guidance will likely be on the conservative side. Longer term, Thielman is positive that the "accelerating lettings activity in key markets seen in 2018 can still support organic aggregates volume growth of 4%" this year, keeping his Buy rating on Summit Materials.

TODAY'S FREE FLY STORIES

CRON

Cronos Group

$22.45

0.22 (0.99%)

, MO

Altria Group

$50.38

-0.14 (-0.28%)

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Cronos Group shareholders approve C$2.4B investment from Altria Group »

Cronos Group (CRON)…

CRON

Cronos Group

$22.45

0.22 (0.99%)

MO

Altria Group

$50.38

-0.14 (-0.28%)

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BAH

Booz Allen

$53.64

-0.105 (-0.20%)

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General Dynamics

$171.66

-2.78 (-1.59%)

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$171.66

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LDOS

Leidos

$62.87

1.175 (1.90%)

SAIC

SAIC

$75.73

-0.75 (-0.98%)

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INFN

Infinera

$4.87

-0.02 (-0.41%)

17:35
02/21/19
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Earnings
Infinera reports Q4 EPS (25c), consensus (27c) »

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ECIFF

EDF

$0.00

(0.00%)

17:33
02/21/19
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17:33
Downgrade
EDF rating change  »

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LEE

Lee Enterprises

$2.69

0.075 (2.87%)

17:32
02/21/19
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Lee Enterprises' TownNews acquires CMS business from GTxcel »

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CENX

Century Aluminum

$9.30

0.12 (1.31%)

17:31
02/21/19
02/21
17:31
02/21/19
17:31
Earnings
Century Aluminum reports Q4 EPS (43c), consensus (53c) »

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EXEL

Exelixis

$21.22

(0.00%)

17:30
02/21/19
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17:30
Initiation
Exelixis initiated  »

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EPSN

Epsilon Energy

$0.00

(0.00%)

17:30
02/21/19
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17:30
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Epsilon Energy sees 2019 production growth of 27%-33% y/y »

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SSRM

SSR Mining

$14.13

0.245 (1.76%)

17:29
02/21/19
02/21
17:29
02/21/19
17:29
Earnings
SSR Mining sees FY19 gold production 395,000 equivalent ounces »

At the Marigold mine,…

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  • 22

    Feb

ENPH

Enphase Energy

$7.37

0.13 (1.80%)

17:29
02/21/19
02/21
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17:29
Hot Stocks
Park West Asset Management reports 5.4% passive stake in Enphase Energy »

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  • 26

    Feb

EPSN

Epsilon Energy

$0.00

(0.00%)

17:29
02/21/19
02/21
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17:29
Hot Stocks
Epsilon Energy board approves $20M-$25M capital budget for 2019 »

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SSRM

SSR Mining

$14.13

0.245 (1.76%)

17:28
02/21/19
02/21
17:28
02/21/19
17:28
Earnings
SSR Mining reports Q4 adjusted EPS 4c, two estimates 0c »

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  • 22

    Feb

BIIB

Biogen

$320.99

-14.02 (-4.18%)

17:28
02/21/19
02/21
17:28
02/21/19
17:28
Initiation
Biogen initiated  »

Biogen initiated with a…

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    Feb

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DBX

Dropbox

$25.58

0.1 (0.39%)

17:27
02/21/19
02/21
17:27
02/21/19
17:27
Earnings
Dropbox sees FY19 revenue $1.63B-$1.64B, consensus $1.6B »

Sees FY19 gross margin…

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  • 21

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QNST

QuinStreet

$13.52

-0.26 (-1.89%)

17:26
02/21/19
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Park West Asset Management reports 5.0% passive stake in QuinStreet »

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  • 14

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    Mar

APPN

Appian

$38.73

0.41 (1.07%)

17:26
02/21/19
02/21
17:26
02/21/19
17:26
Earnings
Appian sees FY19 EPS (46c)-(42c), consensus (44c) »

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  • 07

    Mar

WAB

Wabtec

$73.59

-1.425 (-1.90%)

, GT

Goodyear Tire

$19.19

-0.2 (-1.03%)

17:26
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17:26
Hot Stocks
S&P announces changes to S&P 400, 500 indices »

Wabtec (WAB) will replace…

WAB

Wabtec

$73.59

-1.425 (-1.90%)

GT

Goodyear Tire

$19.19

-0.2 (-1.03%)

GE

General Electric

$10.03

-0.07 (-0.69%)

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  • 11

    Mar

DBX

Dropbox

$25.58

0.1 (0.39%)

17:26
02/21/19
02/21
17:26
02/21/19
17:26
Earnings
Dropbox sees Q1 revenue $379M-$382M, consensus $377.03M »

Guidance taken from Q4…

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  • 21

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EIDX

Eidos Therapeutics

$14.99

-0.64 (-4.09%)

17:25
02/21/19
02/21
17:25
02/21/19
17:25
Initiation
Eidos Therapeutics initiated  »

Eidos Therapeutics…

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  • 25

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NOC

Northrop Grumman

$287.50

-0.73 (-0.25%)

17:25
02/21/19
02/21
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17:25
Hot Stocks
Northrop Grumman Australia unit to continue work on F-35 program »

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  • 21

    Feb

APPN

Appian

$38.73

0.41 (1.07%)

17:25
02/21/19
02/21
17:25
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17:25
Earnings
Appian sees Q1 EPS (17c)-(16c), consensus (12c) »

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  • 07

    Mar

APPN

Appian

$38.73

0.41 (1.07%)

17:22
02/21/19
02/21
17:22
02/21/19
17:22
Earnings
Appian reports Q4 EPS (22c), consensus (16c) »

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  • 07

    Mar

PTGX

Protagonist Therapeutics

$7.32

0.16 (2.23%)

17:20
02/21/19
02/21
17:20
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17:20
Initiation
Protagonist Therapeutics initiated  »

Protagonist Therapeutics…

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GT

Goodyear Tire

$19.19

-0.2 (-1.03%)

, WAB

Wabtec

$73.59

-1.425 (-1.90%)

17:20
02/21/19
02/21
17:20
02/21/19
17:20
Hot Stocks
Breaking Hot Stocks news story on Goodyear Tire, Wabtec »

Goodyear Tire to replace…

GT

Goodyear Tire

$19.19

-0.2 (-1.03%)

WAB

Wabtec

$73.59

-1.425 (-1.90%)

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  • 11

    Mar

WAB

Wabtec

$73.59

-1.425 (-1.90%)

, GT

Goodyear Tire

$19.19

-0.2 (-1.03%)

17:19
02/21/19
02/21
17:19
02/21/19
17:19
Hot Stocks
Wabtec to replace Goodyear Tire in S&P 500 at open on 2/27 »

General Electric (GE) is…

WAB

Wabtec

$73.59

-1.425 (-1.90%)

GT

Goodyear Tire

$19.19

-0.2 (-1.03%)

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  • 11

    Mar

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