Brokers Set Expectations for Superior Plus FY2025 Earnings

Superior Plus Corp. (TSE:SPB - Free Report) - Equities research analysts at Stifel Canada raised their FY2025 EPS estimates for shares of Superior Plus in a research note issued to investors on Sunday, July 20th. Stifel Canada analyst D. Young now expects that the company will post earnings of $0.88 per share for the year, up from their previous estimate of $0.78.

Several other research analysts also recently issued reports on SPB. ATB Capital boosted their price objective on shares of Superior Plus from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. CIBC upped their target price on shares of Superior Plus from C$9.00 to C$9.50 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Scotiabank raised shares of Superior Plus from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$7.50 to C$9.50 in a research note on Monday, April 7th. Desjardins upped their target price on shares of Superior Plus from C$9.25 to C$10.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, TD Securities cut shares of Superior Plus from a "strong-buy" rating to a "hold" rating and lowered their target price for the company from C$9.50 to C$8.50 in a research note on Thursday, July 17th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$9.95.

Superior Plus Stock Performance

Shares of TSE:SPB traded down C$0.12 on Tuesday, hitting C$6.90. 534,450 shares of the company were exchanged, compared to its average volume of 845,232. The company's 50 day moving average price is C$7.91 and its two-hundred day moving average price is C$6.98. Superior Plus has a one year low of C$5.15 and a one year high of C$8.34. The company has a debt-to-equity ratio of 193.35, a quick ratio of 0.46 and a current ratio of 0.67. The firm has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 25.37 and a beta of 0.76.

Superior Plus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.045 per share. The ex-dividend date was Monday, June 30th. This represents a $0.18 annualized dividend and a yield of 2.61%. Superior Plus's dividend payout ratio is 264.73%.

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.