FY2024 EPS Estimates for Superior Plus Decreased by Analyst

Superior Plus Corp. (TSE:SPB - Free Report) - Equities research analysts at Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for Superior Plus in a research note issued on Monday, January 13th. Stifel Canada analyst D. Young now expects that the company will earn ($0.01) per share for the year, down from their previous estimate of $0.11. Stifel Canada also issued estimates for Superior Plus' FY2026 earnings at $0.55 EPS.

Several other equities research analysts have also recently weighed in on the company. Scotiabank lowered their target price on Superior Plus from C$12.00 to C$9.00 in a report on Monday, November 11th. Desjardins lowered their price objective on shares of 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. Cibc World Mkts raised shares of Superior Plus to a "strong-buy" rating in a research report on Friday, November 8th. BMO Capital Markets lowered their price target on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday, October 22nd. Finally, CIBC increased their price objective on shares of Superior Plus from C$8.50 to C$9.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Superior Plus has an average rating of "Moderate Buy" and a consensus price target of C$9.95.

Superior Plus Trading Up 2.1 %

TSE:SPB traded up C$0.13 during midday trading on Thursday, hitting C$6.31. The stock had a trading volume of 1,729,644 shares, compared to its average volume of 949,928. The stock has a 50-day moving average of C$6.37 and a 200 day moving average of C$7.35. The company has a market capitalization of C$1.57 billion, a price-to-earnings ratio of -126.20 and a beta of 0.76. Superior Plus has a one year low of C$5.15 and a one year high of C$10.36. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90.

Superior Plus Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.045 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.18 annualized dividend and a dividend yield of 2.85%. Superior Plus's dividend payout ratio is presently -1,440.00%.

Insider Transactions at Superior Plus

In related news, Director Patrick Edward Gottschalk bought 100,000 shares of the company's stock in a transaction on Friday, November 8th. The shares were bought at an average price of C$6.32 per share, with a total value of C$632,150.40. Also, Director Shawn Bradley Vammen purchased 5,000 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was bought at an average cost of C$6.35 per share, with a total value of C$31,750.00. Insiders own 0.54% of the company's stock.

About Superior Plus

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline.