Superior Plus Corp. (TSE:SPB) Receives Average Rating of “Hold” from Analysts

Shares of Superior Plus Corp. (TSE:SPB) have been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$10.55.

SPB has been the subject of several analyst reports. Stifel Nicolaus cut their price target on 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. Cormark cut their price target on Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th. BMO Capital Markets cut their price target on Superior Plus from C$12.00 to C$10.00 and set an “outperform” rating for the company in a research note on Wednesday, August 14th. ATB Capital cut their price target on Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. Finally, CIBC cut Superior Plus from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from C$14.00 to C$10.00 in a research report on Thursday, August 15th.

Superior Plus Stock Performance

The firm has a market capitalization of C$1.95 billion, a P/E ratio of -156.20 and a beta of 0.77. Superior Plus has a fifty-two week low of C$7.47 and a fifty-two week high of C$10.83. The company has a fifty day moving average price of C$7.81 and a 200 day moving average price of C$8.84. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46.

Superior Plus (TSE:SPB) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.27) EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of C$710.53 million. Research analysts predict that Superior Plus will post 0.5286285 EPS for the current fiscal year.

Superior Plus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Friday, September 27th. Superior Plus’s dividend payout ratio is currently -1,440.00%.

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.