Shares of Superior Plus Corp. (TSE:SPB – Get Free Report) have earned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$12.72.
Separately, Royal Bank of Canada decreased their price target on shares of Superior Plus from C$15.00 to C$13.00 and set an “outperform” rating for the company in a report on Friday.
Read Our Latest Research Report on SPB
Superior Plus Trading Down 0.2 %
Superior Plus (TSE:SPB – Get Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.40 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.05). Superior Plus had a return on equity of 2.58% and a net margin of 0.57%. The business had revenue of C$1.21 billion for the quarter, compared to the consensus estimate of C$1.38 billion. Research analysts anticipate that Superior Plus will post 0.3347732 EPS for the current year.
Superior Plus Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, June 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.36%.
Insider Buying and Selling at Superior Plus
In other Superior Plus news, Senior Officer Kirsten Olsen purchased 3,765 shares of the firm’s stock in a transaction that occurred on Monday, May 27th. The shares were acquired at an average cost of C$9.37 per share, for a total transaction of C$35,278.05. Insiders own 0.49% of the company’s stock.
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.
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