Atb Cap Markets Lifts Earnings Estimates for Superior Plus

Superior Plus Corp. (TSE:SPB) – Investment analysts at Atb Cap Markets upped their FY2025 earnings per share estimates for shares of Superior Plus in a research note issued on Sunday, October 19th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.55 for the year, up from their previous estimate of $0.52.

A number of other research analysts have also recently commented on SPB. Desjardins lowered their target price on Superior Plus from C$10.50 to C$9.75 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Raymond James Financial lowered their target price on Superior Plus from C$10.50 to C$10.00 and set an “outperform” rating for the company in a research note on Thursday, August 14th. TD Securities raised their target price on Superior Plus from C$8.00 to C$9.00 and gave the company a “hold” rating in a research note on Thursday, October 9th. Finally, BMO Capital Markets raised their target price on Superior Plus from C$8.00 to C$10.00 in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$9.53.

Superior Plus Trading Down 0.1%

TSE SPB opened at C$7.88 on Tuesday. The stock has a market cap of C$1.76 billion, a P/E ratio of 37.52 and a beta of 0.21. 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 stock has a 50 day simple moving average of C$7.60 and a two-hundred day simple moving average of C$7.46. Superior Plus has a fifty-two week low of C$5.15 and a fifty-two week high of C$8.34.

Superior Plus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, September 29th. Superior Plus’s dividend payout ratio (DPR) is 109.01%.

Superior Plus Company Profile

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.