Superior Plus Corp. (TSE:SPB – Free Report) – Research analysts at Cormark lowered their FY2023 earnings per share estimates for Superior Plus in a research note issued to investors on Thursday, November 9th. Cormark analyst B. Watson now expects that the company will post earnings per share of $0.86 for the year, down from their previous estimate of $1.00. The consensus estimate for Superior Plus’ current full-year earnings is $0.63 per share. Cormark also issued estimates for Superior Plus’ FY2024 earnings at $0.50 EPS.
A number of other brokerages have also recently commented on SPB. Raymond James reduced their price objective on Superior Plus from C$13.50 to C$12.50 in a research note on Thursday. Desjardins dropped their target price on Superior Plus from C$14.50 to C$13.50 and set a “buy” rating on the stock in a research report on Thursday. Scotiabank dropped their target price on Superior Plus from C$13.50 to C$12.75 and set a “sector perform” rating on the stock in a research report on Thursday. National Bankshares dropped their target price on Superior Plus from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research report on Thursday, October 19th. Finally, TD Securities dropped their target price on Superior Plus from C$14.50 to C$13.50 and set a “buy” rating on the stock in a research report on Friday, August 4th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$12.98.
Superior Plus Stock Performance
Superior Plus stock opened at C$9.73 on Monday. Superior Plus has a fifty-two week low of C$9.10 and a fifty-two week high of C$11.62. The stock has a fifty day moving average of C$10.09 and a two-hundred day moving average of C$9.95. The company has a debt-to-equity ratio of 136.41, a quick ratio of 0.46 and a current ratio of 0.73. The company has a market capitalization of C$2.42 billion, a price-to-earnings ratio of 46.33 and a beta of 0.82.
Superior Plus Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 7.40%. The ex-dividend date is Thursday, December 28th. Superior Plus’s dividend payout ratio (DPR) is presently 342.86%.
About Superior Plus
Superior Plus Corp. distributes and markets propane and distillates in both the United States and Canada. It operates through three segments: The United States Retail Propane Distribution (U.S. Propane); Canadian Retail Propane Distribution (Canadian Propane); and North American Wholesale Propane Distribution (Wholesale Propane).
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