Superior Plus (SPB) to Release Quarterly Earnings on Wednesday

Superior Plus (TSE:SPB) will be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C($0.26) per share for the quarter.

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

Superior Plus Stock Performance

Superior Plus stock opened at C$6.65 on Tuesday. Superior Plus has a 1-year low of C$6.36 and a 1-year high of C$10.36. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 133.90. The firm has a market capitalization of C$1.65 billion, a PE ratio of -132.60 and a beta of 0.76. The firm’s 50 day simple moving average is C$7.45 and its 200 day simple moving average is C$8.38.

Superior Plus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a $0.18 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.83%. Superior Plus’s dividend payout ratio (DPR) is presently -1,440.00%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SPB. National Bankshares decreased their target price on Superior Plus from C$10.00 to C$9.00 in a research note on Thursday, August 15th. TD Securities lowered their target price on shares of Superior Plus from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Stifel Nicolaus cut their price target on shares of Superior Plus from C$12.50 to C$12.00 and set a “buy” rating for the company in a research note on Friday, August 16th. BMO Capital Markets decreased their price target on shares of Superior Plus from C$10.00 to C$9.00 in a report on Tuesday, October 22nd. Finally, Cibc World Mkts downgraded shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$10.18.

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.