Superior Plus (SPB) Set to Announce Quarterly Earnings on Wednesday

Superior Plus (TSE:SPB) will be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Superior Plus to post earnings of C($0.26) per share for the quarter.

Superior Plus (TSE:SPB) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C($0.19) by C($0.08). The company had revenue of C$578.62 million during the quarter, compared to the consensus estimate of C$710.53 million. Superior Plus had a negative net margin of 0.10% and a positive return on equity of 1.17%.

Superior Plus Stock Performance

TSE SPB opened at C$6.65 on Tuesday. The firm’s fifty day moving average price is C$7.45 and its two-hundred day moving average price is C$8.38. The stock has a market cap of C$1.65 billion, a PE ratio of -132.60 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$6.36 and a fifty-two week high of C$10.36.

Superior Plus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a $0.18 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.72 dividend on an annualized basis and a yield of 10.83%. Superior Plus’s payout ratio is presently -1,440.00%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SPB shares. Desjardins reduced their price target on Superior Plus from C$10.50 to C$9.50 and set a “buy” rating on the stock in a report on Wednesday, October 16th. TD Securities dropped their price target on shares of Superior Plus from C$10.00 to C$9.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. ATB Capital reduced their price objective on shares of Superior Plus from C$13.00 to C$12.00 in a research note on Thursday, August 15th. National Bankshares lowered their target price on Superior Plus from C$10.00 to C$9.00 in a research report on Thursday, August 15th. Finally, Cibc World Mkts cut Superior Plus from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$10.18.

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.