Superior Plus FY2024 EPS Cut by National Bank Financial

Superior Plus Corp. (TSE:SPB) – Equities research analysts at National Bank Financial reduced their FY2024 earnings per share estimates for Superior Plus in a research report issued on Thursday, November 7th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $0.26 for the year, down from their prior estimate of $0.27. National Bank Financial currently has a “Hold” rating on the stock.

Superior Plus (TSE:SPB) last released its earnings results 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 business had revenue of C$578.62 million for the quarter, compared to the consensus estimate of C$710.53 million. Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%.

SPB has been the subject of a number of other reports. Scotiabank reduced their target price on shares of Superior Plus from C$12.00 to C$9.00 in a research report on Monday. National Bankshares decreased their target price on Superior Plus from C$10.00 to C$9.00 in a research report on Thursday, August 15th. Cormark dropped their price target on Superior Plus from C$12.00 to C$10.00 in a research report on Monday, July 29th. BMO Capital Markets decreased their price objective on Superior Plus from C$10.00 to C$9.00 in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus dropped their price objective on shares of Superior Plus from C$12.50 to C$12.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$9.91.

Superior Plus Price Performance

SPB opened at C$6.25 on Monday. The firm has a market cap of C$1.55 billion, a P/E ratio of -125.00 and a beta of 0.76. The company has a debt-to-equity ratio of 133.90, a quick ratio of 0.46 and a current ratio of 0.75. Superior Plus has a fifty-two week low of C$5.15 and a fifty-two week high of C$10.36. The firm has a 50-day moving average of C$7.28 and a 200 day moving average of C$8.23.

Superior Plus Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Tuesday, December 31st. Superior Plus’s dividend payout ratio (DPR) is presently -1,440.00%.

Insiders Place Their Bets

In other news, Director Shawn Bradley Vammen purchased 5,000 shares of Superior Plus stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average cost of C$6.35 per share, for a total transaction of C$31,750.00. In related news, Director Patrick Edward Gottschalk bought 100,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was acquired at an average cost of C$6.32 per share, for a total transaction of C$632,150.40. Also, Director Shawn Bradley Vammen purchased 5,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average cost of C$6.35 per share, with a total value of C$31,750.00. Corporate insiders own 0.54% of the company’s stock.

Superior Plus Company Profile

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.