Superior Plus Corp. to Post FY2024 Earnings of $0.21 Per Share, Stifel Canada Forecasts (TSE:SPB)

Superior Plus Corp. (TSE:SPB) – Equities research analysts at Stifel Canada cut their FY2024 EPS estimates for Superior Plus in a research report issued to clients and investors on Friday, August 16th. Stifel Canada analyst D. Young now forecasts that the company will post earnings of $0.21 per share for the year, down from their prior estimate of $0.28. The consensus estimate for Superior Plus’ current full-year earnings is $0.26 per share.

A number of other brokerages have also recently issued reports on SPB. Stifel Nicolaus decreased their price objective on shares of Superior Plus from C$12.50 to C$12.00 and set a “buy” rating on the stock in a research note on Friday. ATB Capital decreased their target price on shares of Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. CIBC lowered Superior Plus from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$14.00 to C$10.00 in a research report on Thursday, August 15th. Scotiabank dropped their target price on Superior Plus from C$12.00 to C$9.00 in a research report on Monday. Finally, Cormark cut their price target on Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$10.55.

Superior Plus Stock Performance

SPB opened at C$7.79 on Monday. The firm has a market cap of C$1.94 billion, a P/E ratio of 40.43 and a beta of 0.77. The business’s fifty day moving average is C$8.37 and its 200-day moving average is C$9.12. Superior Plus has a 52-week low of C$7.51 and a 52-week high of C$10.90. The company has a debt-to-equity ratio of 129.19, a quick ratio of 0.46 and a current ratio of 0.96.

Insider Buying and Selling

In other Superior Plus news, Senior Officer Kirsten Olsen acquired 3,765 shares of the stock in a transaction dated Monday, May 27th. The stock was purchased at an average cost of C$9.37 per share, with a total value of C$35,278.05. 0.54% of the stock is owned by insiders.

Superior Plus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 9.24%. The ex-dividend date of this dividend is Friday, September 27th.

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.