Brokers Offer Predictions for Superior Plus Corp.'s Q1 2024 Earnings (TSE:SPB)

Superior Plus Corp. (TSE:SPB - Free Report) - Analysts at Atb Cap Markets cut their Q1 2024 EPS estimates for shares of Superior Plus in a research report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $0.32 for the quarter, down from their previous forecast of $0.52. The consensus estimate for Superior Plus' current full-year earnings is $0.44 per share. Atb Cap Markets also issued estimates for Superior Plus' FY2024 earnings at $0.18 EPS.

SPB has been the topic of several other reports. CIBC dropped their target price on shares of Superior Plus from C$16.00 to C$14.00 and set an "outperform" rating on the stock in a report on Friday, February 23rd. Raymond James cut shares of Superior Plus from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from C$12.50 to C$11.50 in a report on Thursday, January 4th. Scotiabank dropped their target price on shares of Superior Plus from C$12.75 to C$12.00 and set a "sector perform" rating on the stock in a report on Friday, February 23rd. Finally, TD Securities dropped their target price on shares of Superior Plus from C$13.50 to C$13.00 and set a "buy" rating on the stock in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Superior Plus currently has an average rating of "Moderate Buy" and an average target price of C$12.69.

Superior Plus Trading Up 0.8 %

SPB stock traded up C$0.07 during trading on Friday, hitting C$9.36. The company had a trading volume of 335,001 shares, compared to its average volume of 711,399. The firm has a market capitalization of C$2.33 billion, a P/E ratio of 40.70 and a beta of 0.79. Superior Plus has a 52-week low of C$9.05 and a 52-week high of C$10.90. The company has a 50 day simple moving average of C$9.67 and a 200-day simple moving average of C$9.67. The company has a quick ratio of 0.46, a current ratio of 0.87 and a debt-to-equity ratio of 140.14.

Superior Plus (TSE:SPB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$0.27 EPS for the quarter, missing the consensus estimate of C$0.31 by C($0.04). The company had revenue of C$985.80 million during the quarter, compared to analysts' expectations of C$1.21 billion. Superior Plus had a return on equity of 4.77% and a net margin of 1.54%.

Superior Plus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 7.69%. The ex-dividend date was Wednesday, March 27th. Superior Plus's payout ratio is currently 313.04%.

Insider Activity at Superior Plus

In related news, Director Allan Angus Macdonald acquired 53,022 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average cost of C$9.45 per share, with a total value of C$500,983.67. 0.49% of the stock is currently owned by insiders.

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.