Superior Plus Corp. to Post Q2 2024 Earnings of ($0.23) Per Share, Atb Cap Markets Forecasts (TSE:SPB)

Superior Plus Corp. (TSE:SPB) – Research analysts at Atb Cap Markets decreased their Q2 2024 EPS estimates for shares of Superior Plus in a research note issued on Tuesday, July 23rd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of ($0.23) per share for the quarter, down from their prior estimate of ($0.18). The consensus estimate for Superior Plus’ current full-year earnings is $0.33 per share.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of Superior Plus from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Friday, July 12th. National Bankshares downgraded shares of Superior Plus from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$12.00 to C$10.00 in a report on Tuesday, July 16th. ATB Capital dropped their price objective on shares of Superior Plus from C$14.00 to C$13.00 in a report on Wednesday. TD Securities reduced their target price on Superior Plus from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Finally, BMO Capital Markets dropped their price target on Superior Plus from C$12.50 to C$12.00 in a research note on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Superior Plus has an average rating of “Moderate Buy” and a consensus price target of C$12.20.

Superior Plus Stock Up 1.3 %

TSE SPB opened at C$8.04 on Friday. Superior Plus has a 12 month low of C$7.79 and a 12 month high of C$10.90. The company has a current ratio of 0.96, a quick ratio of 0.46 and a debt-to-equity ratio of 129.19. The stock has a market cap of C$2.00 billion, a PE ratio of 40.43 and a beta of 0.81. The stock’s 50 day moving average is C$8.86 and its 200 day moving average is C$9.33.

Superior Plus (TSE:SPB) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C$0.40 EPS for the quarter, missing the consensus estimate of C$0.45 by C($0.05). Superior Plus had a net margin of 0.57% and a return on equity of 2.58%. The business had revenue of C$1.21 billion during the quarter, compared to analysts’ expectations of C$1.38 billion.

Superior Plus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 8.96%. The ex-dividend date was Friday, June 28th.

Insider Transactions at Superior Plus

In related 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 bought at an average price of C$9.37 per share, for a total transaction of C$35,278.05. Company insiders own 0.49% of the company’s stock.

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.