Equities Analysts Issue Forecasts for Superior Plus Corp.’s Q3 2024 Earnings (TSE:SPB)

Superior Plus Corp. (TSE:SPB) – Equities researchers at Raymond James reduced their Q3 2024 EPS estimates for Superior Plus in a research note issued on Wednesday, August 14th. Raymond James analyst S. Hansen now anticipates that the company will earn ($0.26) per share for the quarter, down from their previous forecast of ($0.23). The consensus estimate for Superior Plus’ current full-year earnings is $0.26 per share. Raymond James also issued estimates for Superior Plus’ FY2024 earnings at $0.14 EPS.

A number of other research analysts also recently issued reports on SPB. Scotiabank reduced their price objective on Superior Plus from C$12.00 to C$9.00 in a research note on Monday. Cormark decreased their price objective on shares of Superior Plus from C$12.00 to C$10.00 in a report on Monday, July 29th. TD Securities lowered their price objective on shares of Superior Plus from C$12.00 to C$10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. National Bankshares decreased their price target on shares of Superior Plus from C$10.00 to C$9.00 in a research note on Thursday, August 15th. Finally, ATB Capital reduced their price objective on Superior Plus from C$13.00 to C$12.00 in a report on Thursday, August 15th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Superior Plus has a consensus rating of “Hold” and a consensus price target of C$10.55.

Superior Plus Stock Performance

Shares of SPB opened at C$7.65 on Monday. The stock has a 50 day moving average of C$8.34 and a 200 day moving average of C$9.11. The company has a market capitalization of C$1.90 billion, a price-to-earnings ratio of 40.43 and a beta of 0.77. Superior Plus has a 12 month low of C$7.51 and a 12 month high of C$10.90. The company has a current ratio of 0.96, a quick ratio of 0.46 and a debt-to-equity ratio of 129.19.

Insiders Place Their Bets

In related news, Senior Officer Kirsten Olsen purchased 3,765 shares of the firm’s stock in a transaction dated Monday, May 27th. The shares were purchased at an average cost of C$9.37 per share, for a total transaction of C$35,278.05. 0.54% of the stock is owned by corporate insiders.

Superior Plus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, September 27th. This represents a $0.72 dividend on an annualized basis and a yield of 9.41%.

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.