FY2024 EPS Forecast for Superior Plus Decreased by Analyst

Superior Plus Corp. (TSE:SPB) – Investment analysts at National Bank Financial lowered their FY2024 EPS estimates for Superior Plus in a research note issued on Thursday, November 7th. National Bank Financial analyst P. Kenny now forecasts that the company will earn $0.26 per share for the year, down from their previous forecast of $0.27. National Bank Financial has a “Hold” rating on the stock.

Superior Plus (TSE:SPB) last issued its earnings results on Tuesday, August 13th. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C($0.19) by C($0.08). Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%. The firm had revenue of C$578.62 million during the quarter, compared to analyst estimates of C$710.53 million.

A number of other equities analysts have also commented on the company. Royal Bank of Canada reduced their price objective on Superior Plus from C$13.00 to C$11.00 in a research note on Thursday, August 15th. Stifel Nicolaus dropped their target price on Superior Plus from C$12.50 to C$12.00 and set a “buy” rating for the company in a research report on Friday, August 16th. CIBC raised Superior Plus from a “neutral” rating to an “outperform” rating and cut their price target for the company from C$9.50 to C$8.50 in a research note on Friday. National Bankshares cut their price objective on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Thursday, August 15th. Finally, Desjardins lowered their target price on Superior Plus from C$10.50 to C$9.50 and set a “buy” rating for the company in a report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$9.91.

Superior Plus Stock Performance

TSE:SPB opened at C$6.37 on Monday. The stock has a market capitalization of C$1.58 billion, a P/E ratio of -127.40 and a beta of 0.76. Superior Plus has a 1 year low of C$5.15 and a 1 year high of C$10.36. The firm has a 50 day moving average of C$7.33 and a 200-day moving average of C$8.27. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 133.90.

Superior Plus Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.045 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.18 annualized dividend and a dividend yield of 2.83%. Superior Plus’s dividend payout ratio is currently -1,440.00%.

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.