Q3 EPS Estimates for Superior Plus Cut by Atb Cap Markets

Superior Plus Corp. (TSE:SPB) – Equities researchers at Atb Cap Markets dropped their Q3 2024 earnings estimates for shares of Superior Plus in a note issued to investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings per share of ($0.33) for the quarter, down from their previous forecast of ($0.30). Atb Cap Markets also issued estimates for Superior Plus’ FY2024 earnings at $0.08 EPS.

A number of other brokerages have also recently issued reports on SPB. National Bank Financial cut shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 16th. Cormark dropped their price objective on Superior Plus from C$12.00 to C$10.00 in a report on Monday, July 29th. TD Securities cut their price target on shares of Superior Plus from C$10.00 to C$9.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. CIBC cut Superior Plus from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$14.00 to C$10.00 in a research report on Thursday, August 15th. Finally, Royal Bank of Canada dropped their price target on Superior Plus from C$13.00 to C$11.00 in a research note on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$10.18.

Superior Plus Stock Performance

Superior Plus has a 1-year low of C$6.75 and a 1-year high of C$10.36. The firm has a market capitalization of C$1.68 billion, a PE ratio of -136.20 and a beta of 0.76. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46. The stock’s 50 day simple moving average is C$7.57 and its two-hundred day simple moving average is C$8.48.

Superior Plus (TSE:SPB) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.19) by C($0.08). Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%. The business had revenue of C$578.62 million during the quarter, compared to the consensus estimate of C$710.53 million.

Superior Plus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of ?. The ex-dividend date was Friday, September 27th. Superior Plus’s dividend payout ratio (DPR) is presently -1,440.00%.

Superior Plus Company Profile

Superior Plus Corp. distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada. The company operates through The United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), and North American Wholesale Propane Distribution (Wholesale Propane), and Certarus segments.