Brokers Offer Predictions for Superior Plus FY2024 Earnings

Superior Plus Corp. (TSE:SPB) – Research analysts at Atb Cap Markets cut their FY2024 earnings per share estimates for Superior Plus in a research note issued on Thursday, November 7th. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $0.04 per share for the year, down from their prior estimate of $0.08. Atb Cap Markets also issued estimates for Superior Plus’ Q4 2024 earnings at $0.28 EPS and Q1 2025 earnings at $0.47 EPS.

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

A number of other equities analysts have also weighed in on the stock. ATB Capital decreased their price objective on shares of Superior Plus from C$13.00 to C$12.00 in a report on Thursday, August 15th. Desjardins decreased their price target on Superior Plus from C$10.50 to C$9.50 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Stifel Nicolaus dropped their price objective on Superior Plus from C$12.50 to C$12.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Royal Bank of Canada decreased their target price on Superior Plus from C$13.00 to C$11.00 in a research report on Thursday, August 15th. Finally, National Bankshares dropped their price target on shares of Superior Plus from C$10.00 to C$9.00 in a report on Thursday, August 15th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$9.91.

Superior Plus Trading Down 3.5 %

Shares of TSE SPB opened at C$6.25 on Monday. The firm’s 50 day moving average price is C$7.28 and its 200-day moving average price is C$8.23. Superior Plus has a 52-week low of C$5.15 and a 52-week high of C$10.36. The company has a debt-to-equity ratio of 133.90, a quick ratio of 0.46 and a current ratio of 0.75. The company has a market cap of C$1.55 billion, a PE ratio of -125.00 and a beta of 0.76.

Insider Buying and Selling at Superior Plus

In other Superior Plus news, Director Patrick Edward Gottschalk acquired 100,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average price of C$6.32 per share, with a total value of C$632,150.40. In other news, Director Shawn Bradley Vammen bought 5,000 shares of Superior Plus stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average cost of C$6.35 per share, with a total value of C$31,750.00. Also, Director Patrick Edward Gottschalk bought 100,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were purchased at an average price of C$6.32 per share, for a total transaction of C$632,150.40. 0.54% of the stock is owned by corporate insiders.

Superior Plus Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.18 dividend on an annualized basis and a yield of 2.88%. Superior Plus’s dividend payout ratio is currently -1,440.00%.

About Superior Plus

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.