Superior Plus (TSE:SPB) Announces Earnings Results

Superior Plus (TSE:SPB) posted its earnings results on Tuesday. The company reported C($0.53) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$541.12 million during the quarter. Superior Plus had a negative net margin of 0.15% and a negative return on equity of 0.41%. During the same quarter last year, the company posted ($0.47) earnings per share.

Superior Plus Stock Performance

TSE SPB traded up C$0.12 on Thursday, hitting C$5.43. 1,443,433 shares of the company traded hands, compared to its average volume of 858,084. The business’s 50 day moving average price is C$6.84 and its 200-day moving average price is C$7.29. Superior Plus has a 52-week low of C$5.11 and a 52-week high of C$8.86. The company has a current ratio of 0.91, a quick ratio of 0.46 and a debt-to-equity ratio of 193.48. The company has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 543.00 and a beta of 0.31.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SPB shares. Desjardins cut their price target on Superior Plus from C$8.75 to C$8.25 and set a “hold” rating for the company in a research note on Monday, October 26th. TD cut shares of Superior Plus from a “hold” rating to a “sell” rating and set a C$7.50 price objective on the stock. in a research note on Thursday, November 5th. Scotia raised their price objective on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Royal Bank Of Canada lowered shares of Superior Plus from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 10th. Finally, TD Securities lowered shares of Superior Plus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Superior Plus presently has an average rating of “Hold” and an average price target of C$8.52.

Superior Plus Company Profile

Superior is a North American distributor and marketer of propane, compressed natural gas (‘CNG’), hydrogen and related products and services, and transports renewable natural gas (‘RNG’) from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange (‘TSX’) under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.