Superior Plus Corp. (SPB) to Issue Quarterly Dividend of $0.18 on October 15th

Superior Plus Corp. (TSE:SPB) announced a quarterly dividend on Friday, September 27th, Zacks reports. Shareholders of record on Tuesday, October 15th will be paid a dividend of 0.18 per share on Tuesday, October 15th. This represents a $0.72 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Friday, September 27th.

Superior Plus Price Performance

The company has a market cap of C$1.95 billion, a price-to-earnings ratio of -156.20 and a beta of 0.77. Superior Plus has a one year low of C$7.47 and a one year high of C$10.83. The company has a fifty day moving average of C$7.81 and a two-hundred day moving average of C$8.84. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Tuesday, August 13th. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%. The company had revenue of C$578.62 million for the quarter, compared to the consensus estimate of C$710.53 million. On average, analysts anticipate that Superior Plus will post 0.5286285 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SPB shares. Scotiabank cut their target price on Superior Plus from C$12.00 to C$9.00 in a report on Monday, August 19th. BMO Capital Markets reduced their price objective on shares of Superior Plus from C$12.00 to C$10.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. TD Securities lowered their target price on shares of Superior Plus from C$12.00 to C$10.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Desjardins cut their price target on Superior Plus from C$13.50 to C$11.50 and set a “buy” rating for the company in a research note on Thursday, July 18th. Finally, CIBC lowered Superior Plus from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from C$14.00 to C$10.00 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 stock. Based on data from MarketBeat.com, Superior Plus currently has a consensus rating of “Hold” and a consensus target price of C$10.55.

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.