Q3 EPS Estimates for Superior Plus Cut by Atb Cap Markets

Superior Plus Corp. (TSE:SPB - Free Report) - Equities researchers at Atb Cap Markets lowered their Q3 2024 earnings estimates for Superior Plus in a report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of ($0.33) for the quarter, down from their prior forecast of ($0.30). Atb Cap Markets also issued estimates for Superior Plus' FY2024 earnings at $0.08 EPS.

Superior Plus (TSE:SPB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.27) EPS for the quarter, missing analysts' consensus estimates of C($0.19) by C($0.08). Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%. The company had revenue of C$578.62 million for the quarter, compared to analyst estimates of C$710.53 million.

A number of other research analysts have also commented on SPB. ATB Capital lowered their price objective on shares of Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. Cormark decreased their price target on shares of Superior Plus from C$12.00 to C$10.00 in a research report on Monday, July 29th. CIBC lowered shares of Superior Plus from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from C$14.00 to C$10.00 in a research report on Thursday, August 15th. Desjardins decreased their price target on shares of Superior Plus from C$10.50 to C$9.50 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. Finally, BMO Capital Markets decreased their price target on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of C$10.18.

Superior Plus Price Performance

Superior Plus has a 12 month low of C$6.75 and a 12 month 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. The firm has a market capitalization of C$1.68 billion, a price-to-earnings ratio of -136.20 and a beta of 0.76. The company's 50 day moving average is C$7.57 and its 200 day moving average is C$8.48.

Superior Plus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date was Friday, September 27th. Superior Plus's dividend payout ratio (DPR) is currently -1,440.00%.

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.