Q3 EPS Estimates for Superior Plus Cut by Atb Cap Markets

Superior Plus Corp. (TSE:SPB) – Atb Cap Markets decreased their Q3 2024 earnings per share (EPS) estimates for Superior Plus in a report released on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn ($0.33) per share for the quarter, down from their previous forecast of ($0.30). Atb Cap Markets also issued estimates for Superior Plus’ FY2024 earnings at $0.08 EPS.

Superior Plus (TSE:SPB) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share (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 firm had revenue of C$578.62 million for the quarter, compared to analyst estimates of C$710.53 million.

A number of other analysts have also recently issued reports on the company. Scotiabank decreased their target price on Superior Plus from C$12.00 to C$9.00 in a report on Monday, August 19th. Stifel Nicolaus lowered their price objective on shares of Superior Plus from C$12.50 to C$12.00 and set a “buy” rating for the company in a research report on Friday, August 16th. National Bank Financial lowered shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 16th. Desjardins reduced their target price on Superior Plus from C$10.50 to C$9.50 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada decreased their price target on Superior Plus from C$13.00 to C$11.00 in a research note on Thursday, August 15th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$10.18.

Superior Plus Price Performance

The stock has a market cap of C$1.68 billion, a price-to-earnings ratio of -136.20 and a beta of 0.76. Superior Plus has a 52 week low of C$6.75 and a 52 week high of C$10.36. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 133.90. The business’s fifty day simple moving average is C$7.57 and its two-hundred day simple moving average is C$8.48.

Superior Plus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of ∞. The ex-dividend date of this dividend was Friday, September 27th. Superior Plus’s dividend payout ratio (DPR) is presently -1,440.00%.

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.