Superior Plus Corp. (TSE:SPB) Forecasted to Post FY2024 Earnings of $0.27 Per Share

Superior Plus Corp. (TSE:SPB) – Equities research analysts at Cormark reduced their FY2024 earnings per share estimates for Superior Plus in a report issued on Thursday, August 15th. Cormark analyst B. Watson now forecasts that the company will earn $0.27 per share for the year, down from their prior estimate of $0.58. The consensus estimate for Superior Plus’ current full-year earnings is $0.26 per share. Cormark also issued estimates for Superior Plus’ FY2025 earnings at $0.56 EPS.

A number of other research firms also recently commented on SPB. National Bankshares dropped their price objective on Superior Plus from C$10.00 to C$9.00 in a report on Thursday, August 15th. Desjardins dropped their price objective on Superior Plus from C$13.50 to C$11.50 and set a “buy” rating for the company in a report on Thursday, July 18th. 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 note on Thursday, August 15th. TD Securities decreased their target price on Superior Plus from C$12.00 to C$10.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, National Bank Financial cut Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 16th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$10.55.

Superior Plus Trading Down 1.8 %

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

Insider Transactions at Superior Plus

In related news, Senior Officer Kirsten Olsen purchased 3,765 shares of Superior Plus stock in a transaction that occurred on 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 Dividend Announcement

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. The ex-dividend date is Friday, September 27th. This represents a $0.72 annualized dividend and a dividend yield of 9.41%.

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.