FY2024 Earnings Estimate for Superior Plus Corp. (TSE:SPB) Issued By Stifel Canada

Superior Plus Corp. (TSE:SPB) – Equities researchers at Stifel Canada decreased their FY2024 earnings estimates for Superior Plus in a report released on Friday, August 16th. Stifel Canada analyst D. Young now expects that the company will earn $0.21 per share for the year, down from their prior forecast of $0.28. The consensus estimate for Superior Plus’ current full-year earnings is $0.26 per share.

A number of other equities research analysts have also issued reports on the stock. ATB Capital dropped their price objective on shares of Superior Plus from C$13.00 to C$12.00 in a report on Thursday, August 15th. CIBC lowered shares of Superior Plus from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$14.00 to C$10.00 in a report on Thursday, August 15th. Royal Bank of Canada dropped their price objective on shares of Superior Plus from C$13.00 to C$11.00 in a report on Thursday, August 15th. Scotiabank dropped their price objective on shares of Superior Plus from C$12.00 to C$9.00 in a report on Monday. Finally, Stifel Nicolaus decreased their target price on shares of Superior Plus from C$12.50 to C$12.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Superior Plus presently has an average rating of “Hold” and a consensus target price of C$10.55.

Superior Plus Price Performance

Superior Plus stock opened at C$7.65 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.96 and a debt-to-equity ratio of 129.19. Superior Plus has a 52-week low of C$7.51 and a 52-week high of C$10.90. The company has a fifty day simple moving average of C$8.34 and a 200-day simple moving average of C$9.11. The firm has a market capitalization of C$1.90 billion, a price-to-earnings ratio of 40.43 and a beta of 0.77.

Insider Transactions at Superior Plus

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

Superior Plus Dividend Announcement

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

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.