FY2025 EPS Estimates for Superior Plus Reduced by Analyst

Key Points

• Stifel Canada has lowered its FY2025 earnings per share estimate for Superior Plus from $0.69 to $0.60, with future estimates for FY2026 and FY2027 set at $0.78 and $0.81, respectively.
• Analysts have cut their price targets for Superior Plus, with TD Securities reducing it from C$8.50 to C$8.00 while maintaining a "hold" rating, and Desjardins lowering theirs from C$10.50 to C$9.75 with a "buy" rating.
• Superior Plus announced a quarterly dividend of $0.045, representing an annualized yield of 2.2%, with a payout ratio currently at 109.01%.

Superior Plus Corp. (TSE:SPB - Free Report) - Stock analysts at Stifel Canada dropped their FY2025 EPS estimates for shares of Superior Plus in a note issued to investors on Tuesday, October 7th. Stifel Canada analyst D. Young now anticipates that the company will post earnings per share of $0.60 for the year, down from their prior estimate of $0.69. Stifel Canada also issued estimates for Superior Plus' FY2026 earnings at $0.78 EPS and FY2027 earnings at $0.81 EPS.

A number of other research firms also recently weighed in on SPB. TD Securities cut their price target on shares of Superior Plus from C$8.50 to C$8.00 and set a "hold" rating on the stock in a report on Wednesday, August 13th. Desjardins dropped their target price on shares of Superior Plus from C$10.50 to C$9.75 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Raymond James Financial dropped their price objective on shares of Superior Plus from C$10.50 to C$10.00 and set an "outperform" rating on the stock in a report on Thursday, August 14th. Finally, BMO Capital Markets dropped their price objective on shares of Superior Plus from C$10.00 to C$8.00 and set an "outperform" rating on the stock in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$9.16.

Superior Plus Stock Up 0.4%

Superior Plus stock opened at C$8.03 on Thursday. The company has a market capitalization of C$1.79 billion, a P/E ratio of 38.24 and a beta of 0.21. The firm's fifty day simple moving average is C$7.41 and its 200-day simple moving average is C$7.38. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35. Superior Plus has a 1-year low of C$5.15 and a 1-year high of C$8.34.

Superior Plus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.18 dividend on an annualized basis and a yield of 2.2%. Superior Plus's payout ratio is presently 109.01%.

Superior Plus Company Profile

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.

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