Superior Plus (TSE:SPB) Posts Quarterly Earnings Results

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

Superior Plus Trading Down 0.9%

Shares of Superior Plus stock traded down C$0.07 during trading on Wednesday, hitting C$7.41. The stock had a trading volume of 1,122,084 shares, compared to its average volume of 1,022,132. The stock has a 50 day simple moving average of C$6.86 and a 200 day simple moving average of C$7.15. The company has a market capitalization of C$1.59 billion, a PE ratio of 29.64 and a beta of 0.29. The company has a quick ratio of 0.46, a current ratio of 0.95 and a debt-to-equity ratio of 244.09. Superior Plus has a 1 year low of C$6.06 and a 1 year high of C$8.34.

Superior Plus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a $0.045 dividend. This represents a $0.18 annualized dividend 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%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SPB shares. Desjardins cut shares of Superior Plus from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$8.75 to C$7.00 in a research note on Monday, February 23rd. ATB Cormark Capital Markets lifted their price objective on shares of Superior Plus from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada lowered their price objective on shares of Superior Plus from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. Raymond James Financial cut shares of Superior Plus from a “moderate buy” rating to a “hold” rating and lowered their price objective for the stock from C$9.75 to C$8.50 in a research note 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 note on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$7.82.

Superior Plus Company Profile

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.