Superior Plus Corp. (TSE:SPB) Receives Average Recommendation of “Hold” from Analysts

Superior Plus Corp. (TSE:SPB) has earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$10.55.

A number of analysts recently commented on SPB shares. TD Securities decreased their price objective on Superior Plus from C$12.00 to C$10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. National Bank Financial lowered Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 16th. BMO Capital Markets decreased their price objective on Superior Plus from C$12.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Desjardins decreased their price target on Superior Plus from C$13.50 to C$11.50 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Finally, Cormark decreased their price target on Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th.

Superior Plus Price Performance

The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 133.90. The stock has a market capitalization of C$1.95 billion, a PE ratio of -156.20 and a beta of 0.77. Superior Plus has a 52-week low of C$7.47 and a 52-week high of C$10.83. The firm has a fifty day moving average price of C$7.81 and a two-hundred day moving average price of C$8.84.

Superior Plus (TSE:SPB) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). The company had revenue of C$578.62 million for the quarter, compared to analyst estimates of C$710.53 million. Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%. On average, sell-side analysts anticipate that Superior Plus will post 0.5286285 earnings per share for the current year.

Superior Plus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of ∞. The ex-dividend date is Friday, September 27th. 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.