Superior Plus Q3 EPS Forecast Decreased by Atb Cap Markets

Superior Plus Corp. (TSE:SPB) – Equities research analysts at Atb Cap Markets cut their Q3 2024 EPS estimates for shares of Superior Plus in a research note issued to investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn ($0.33) per share for the quarter, down from their prior estimate of ($0.30). Atb Cap Markets also issued estimates for Superior Plus’ FY2024 earnings at $0.08 EPS.

Superior Plus (TSE:SPB) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.19) by C($0.08). The firm 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%.

SPB has been the topic of a number of other reports. National Bank Financial cut shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 16th. Cormark decreased their target price on Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th. National Bankshares cut their price target on Superior Plus from C$10.00 to C$9.00 in a report on Thursday, August 15th. ATB Capital cut their target price on Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. Finally, BMO Capital Markets decreased their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Superior Plus currently has a consensus rating of “Hold” and an average price target of C$10.18.

Superior Plus Stock Performance

SPB stock opened at C$6.81 on Friday. The stock’s 50 day simple moving average is C$7.57 and its 200 day simple moving average is C$8.48. Superior Plus has a 12-month low of C$6.79 and a 12-month high of C$10.36. The firm has a market cap of C$1.69 billion, a P/E ratio of -136.20 and a beta of 0.76. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.72 annualized dividend and a yield of 10.57%. 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.