Stifel Canada Predicts Reduced Earnings for Superior Plus

Superior Plus Corp. (TSE:SPB) – Equities research analysts at Stifel Canada dropped their Q4 2024 EPS estimates for shares of Superior Plus in a note issued to investors on Wednesday, February 19th. Stifel Canada analyst D. Young now forecasts that the company will post earnings of $0.16 per share for the quarter, down from their previous estimate of $0.28.

A number of other equities research analysts have also commented on SPB. Cibc World Mkts raised shares of Superior Plus to a “strong-buy” rating in a research note on Friday, November 8th. Scotiabank lowered their price objective on shares of Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. CIBC increased their target price on shares of Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Finally, TD Securities increased their price target on shares of Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$9.95.

Superior Plus Stock Performance

SPB opened at C$5.99 on Monday. Superior Plus has a fifty-two week low of C$5.15 and a fifty-two week high of C$10.36. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The firm has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 22.02 and a beta of 0.76. The company’s 50 day moving average price is C$6.20 and its two-hundred day moving average price is C$6.88.

Insider Activity at Superior Plus

In other news, Senior Officer Natasha Anne Cherednichenko bought 4,800 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average price of C$6.13 per share, for a total transaction of C$29,445.12. 0.54% of the stock is currently owned by insiders.

Superior Plus Company Profile

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline.