FY2022 EPS Estimates for Superior Plus Corp. Reduced by Analyst (TSE:SPB)

Superior Plus Corp. (TSE:SPBGet Rating) – Stock analysts at Cormark cut their FY2022 earnings estimates for Superior Plus in a research note issued to investors on Thursday, May 12th. Cormark analyst B. Watson now anticipates that the company will post earnings of $0.44 per share for the year, down from their prior estimate of $0.54. Cormark has a “Buy” rating and a $15.00 price target on the stock. Cormark also issued estimates for Superior Plus’ Q1 2023 earnings at $0.74 EPS, Q4 2023 earnings at $0.43 EPS and FY2023 earnings at $0.80 EPS.

A number of other research firms also recently weighed in on SPB. Raymond James decreased their price target on shares of Superior Plus from C$14.00 to C$13.00 and set a “market perform” rating on the stock in a research note on Friday, April 8th. CIBC reduced their target price on shares of Superior Plus from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a research note on Thursday. Royal Bank of Canada upgraded shares of Superior Plus to a “buy” rating and set a C$15.00 target price on the stock in a research note on Thursday, May 5th. National Bankshares set a C$13.00 target price on shares of Superior Plus and gave the company an “outperform” rating in a research note on Wednesday, April 6th. Finally, TD Securities reduced their target price on shares of Superior Plus from C$16.00 to C$15.50 and set a “buy” rating on the stock in a research note on Friday, April 8th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Superior Plus has an average rating of “Buy” and an average price target of C$14.08.

SPB opened at C$11.78 on Friday. Superior Plus has a fifty-two week low of C$10.80 and a fifty-two week high of C$16.24. The company has a debt-to-equity ratio of 124.28, a current ratio of 1.06 and a quick ratio of 0.68. The firm’s fifty day moving average price is C$11.60 and its two-hundred day moving average price is C$12.56. The company has a market capitalization of C$2.38 billion and a P/E ratio of 11.36.

Superior Plus (TSE:SPBGet Rating) last posted its quarterly earnings results on Thursday, February 17th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.24). The business had revenue of C$824.90 million for the quarter, compared to analysts’ expectations of C$681.67 million.

In other news, Senior Officer Elizabeth Summers acquired 4,500 shares of the company’s stock in a transaction on Tuesday, February 22nd. The stock was purchased at an average cost of C$10.92 per share, with a total value of C$49,140.00. Following the acquisition, the insider now owns 42,782 shares of the company’s stock, valued at approximately C$467,179.44.

The business also recently declared a monthly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be given a dividend of $0.06 per share. The ex-dividend date is Monday, May 30th. This represents a $0.72 annualized dividend and a yield of 6.11%. Superior Plus’s dividend payout ratio (DPR) is 69.43%.

About Superior Plus (Get Rating)

Superior Plus Corp. engages in the energy distribution business. It operates through two segments, U.S. Propane Distribution and Canadian Propane Distribution. The U.S. Propane Distribution segment distributes and sells propane, heating oil, and other liquid fuels in the Northeast, Atlantic, the Southeast, the Midwest, and California.

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Earnings History and Estimates for Superior Plus (TSE:SPB)

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