Stifel Canada Predicts Reduced Earnings for Superior Plus

Superior Plus Corp. (TSE:SPB) – Stifel Canada cut their Q4 2024 earnings per share estimates for Superior Plus in a research note issued to investors on Wednesday, February 19th. Stifel Canada analyst D. Young now anticipates that the company will post earnings per share of $0.16 for the quarter, down from their prior forecast of $0.28.

SPB has been the subject of several other research reports. TD Securities raised their price target on Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. Scotiabank lowered their price target on Superior Plus from C$12.00 to C$9.00 in a research note on Monday, November 11th. Cibc World Mkts raised Superior Plus to a “strong-buy” rating in a research note on Friday, November 8th. Finally, CIBC raised their price target on Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$9.95.

Superior Plus Price Performance

Shares of SPB stock opened at C$5.99 on Monday. Superior Plus has a 1-year low of C$5.15 and a 1-year high of C$10.36. The stock’s 50-day moving average is C$6.20 and its 200 day moving average is C$6.88. The company has a market cap of C$1.01 billion, a P/E ratio of 22.02 and a beta of 0.76. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46.

Insider Buying and Selling at Superior Plus

In related news, Senior Officer Natasha Anne Cherednichenko acquired 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of C$6.13 per share, for a total transaction of C$29,445.12. 0.54% of the stock is owned by corporate insiders.

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.