Superior Plus (TSE:SPB) Releases Earnings Results

Superior Plus (TSE:SPB) announced its quarterly earnings data on Wednesday. The company reported C$0.94 EPS for the quarter, FiscalAI reports. Superior Plus had a net margin of 2.49% and a return on equity of 6.95%. The company had revenue of C$1.25 billion for the quarter.

Superior Plus Trading Down 0.9%

TSE SPB opened at C$7.41 on Thursday. The company has a debt-to-equity ratio of 244.09, a current ratio of 0.95 and a quick ratio of 0.46. The firm’s fifty day moving average price is C$6.88 and its 200 day moving average price is C$7.15. The company has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 29.64 and a beta of 0.29. Superior Plus has a 12 month low of C$6.06 and a 12 month high of C$8.34.

Superior Plus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Superior Plus’s dividend payout ratio (DPR) is 51.81%.

Analyst Ratings Changes

A number of brokerages have commented on SPB. TD increased their price objective on shares of Superior Plus from C$7.00 to C$7.50 and gave the company a “hold” rating in a research report on Tuesday, April 21st. TD Securities downgraded shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Royal Bank Of Canada dropped their target price on shares of Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. National Bank Financial dropped their target price on shares of Superior Plus from C$7.00 to C$6.00 and set a “sector perform” rating on the stock in a research report on Monday, February 23rd. Finally, Canadian Imperial Bank of Commerce raised shares of Superior Plus from a “hold” rating to an “outperformer” rating in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$7.82.

About Superior Plus

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. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.