Atb Cap Markets Predicts Reduced Earnings for Superior Plus

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

SPB has been the topic of several other reports. Stifel Nicolaus reduced their price objective on 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. ATB Capital decreased their price objective on Superior Plus from C$13.00 to C$12.00 in a report on Thursday, August 15th. National Bank Financial lowered shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 16th. National Bankshares cut their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Thursday, August 15th. Finally, BMO Capital Markets lowered their price target on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$10.18.

Superior Plus Stock Performance

The stock’s 50 day moving average is C$7.57 and its 200 day moving average is C$8.48. 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 has a 1 year low of C$6.75 and a 1 year high of C$10.36. The stock has a market capitalization of C$1.68 billion, a price-to-earnings ratio of -136.20 and a beta of 0.76.

Superior Plus (TSE:SPB) last released its earnings results on Tuesday, August 13th. The company reported C($0.27) earnings per share for the quarter, missing the consensus estimate 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%.

Superior Plus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of ?. The ex-dividend date was Friday, September 27th. Superior Plus’s payout ratio is presently -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.