Atb Cap Markets Comments on Superior Plus Corp.’s Q3 2024 Earnings (TSE:SPB)

Superior Plus Corp. (TSE:SPB) – Analysts at Atb Cap Markets lifted their Q3 2024 earnings estimates for shares of Superior Plus in a note issued to investors on Wednesday, August 14th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of ($0.30) for the quarter, up from their previous forecast of ($0.33). The consensus estimate for Superior Plus’ current full-year earnings is $0.26 per share. Atb Cap Markets also issued estimates for Superior Plus’ Q4 2024 earnings at $0.27 EPS, FY2024 earnings at $0.11 EPS, Q3 2025 earnings at ($0.27) EPS and FY2025 earnings at $0.30 EPS.

Several other equities research analysts have also recently commented on the stock. CIBC cut shares of Superior Plus from an “outperform” rating to a “neutral” rating and cut their price target for the stock from C$14.00 to C$10.00 in a research report on Thursday, August 15th. Desjardins dropped their target price on Superior Plus from C$13.50 to C$11.50 and set a “buy” rating on the stock in a report on Thursday, July 18th. Stifel Nicolaus decreased 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. Cibc World Mkts cut Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, ATB Capital cut their price objective on Superior Plus from C$13.00 to C$12.00 in a report on Thursday, August 15th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Superior Plus currently has an average rating of “Hold” and an average target price of C$10.55.

Superior Plus Stock Performance

Shares of SPB opened at C$7.65 on Monday. The stock has a market capitalization of C$1.90 billion, a price-to-earnings ratio of 40.43 and a beta of 0.77. Superior Plus has a 12 month low of C$7.51 and a 12 month high of C$10.90. The firm has a fifty day simple moving average of C$8.34 and a 200 day simple moving average of C$9.11. The company has a current ratio of 0.96, a quick ratio of 0.46 and a debt-to-equity ratio of 129.19.

Insiders Place Their Bets

In related news, Senior Officer Kirsten Olsen acquired 3,765 shares of the company’s stock in a transaction dated Monday, May 27th. The shares were bought at an average cost of C$9.37 per share, with a total value of C$35,278.05. Company insiders own 0.54% of the company’s stock.

Superior Plus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 9.41%. The ex-dividend date of this dividend is Friday, September 27th.

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.