Brokers Offer Predictions for Superior Plus Corp.’s Q1 2024 Earnings (TSE:SPB)

Superior Plus Corp. (TSE:SPB) – Atb Cap Markets dropped their Q1 2024 earnings per share estimates for Superior Plus in a note issued to investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.32 for the quarter, down from their prior estimate of $0.52. The consensus estimate for Superior Plus’ current full-year earnings is $0.44 per share. Atb Cap Markets also issued estimates for Superior Plus’ FY2024 earnings at $0.18 EPS.

Superior Plus (TSE:SPB) last issued its earnings results on Wednesday, February 21st. The company reported C$0.27 EPS for the quarter, missing the consensus estimate of C$0.31 by C($0.04). The firm had revenue of C$985.80 million during the quarter, compared to the consensus estimate of C$1.21 billion. Superior Plus had a net margin of 1.54% and a return on equity of 4.77%.

SPB has been the subject of several other reports. Raymond James cut Superior Plus from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$12.50 to C$11.50 in a research report on Thursday, January 4th. CIBC decreased their price target on shares of Superior Plus from C$16.00 to C$14.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Scotiabank cut their price objective on shares of Superior Plus from C$12.75 to C$12.00 and set a “sector perform” rating on the stock in a research report on Friday, February 23rd. Finally, TD Securities reduced their target price on shares of Superior Plus from C$13.50 to C$13.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$12.69.

Superior Plus Trading Up 0.8 %

TSE:SPB opened at C$9.36 on Friday. The company has a debt-to-equity ratio of 140.14, a current ratio of 0.87 and a quick ratio of 0.46. The business’s 50-day simple moving average is C$9.67 and its 200-day simple moving average is C$9.66. Superior Plus has a fifty-two week low of C$9.05 and a fifty-two week high of C$10.90. The stock has a market capitalization of C$2.33 billion, a PE ratio of 40.70 and a beta of 0.79.

Insiders Place Their Bets

In related news, Director Allan Angus Macdonald purchased 53,022 shares of Superior Plus stock in a transaction that occurred on Thursday, February 29th. The shares were acquired at an average price of C$9.45 per share, with a total value of C$500,983.67. Corporate insiders own 0.49% of the company’s stock.

Superior Plus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date of this dividend was Wednesday, March 27th. Superior Plus’s dividend payout ratio is 313.04%.

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.