Superior Plus (TSE:SPB) Releases Quarterly Earnings Results

Superior Plus (TSE:SPB) announced its quarterly earnings results on Thursday. The company reported C($0.47) EPS for the quarter, FiscalAI reports. The company had revenue of C$470.64 million during the quarter. Superior Plus had a return on equity of 4.21% and a net margin of 1.80%.

Superior Plus Trading Down 0.7%

TSE SPB opened at C$7.97 on Friday. The company has a fifty day moving average of C$7.85 and a 200 day moving average of C$7.63. The company has a debt-to-equity ratio of 193.35, a current ratio of 0.67 and a quick ratio of 0.46. The company has a market capitalization of C$1.78 billion, a PE ratio of 37.95 and a beta of 0.18. Superior Plus has a 1 year low of C$5.77 and a 1 year high of C$8.34.

Superior Plus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were paid a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, September 29th. Superior Plus’s dividend payout ratio (DPR) is presently 109.01%.

Analyst Ratings Changes

SPB has been the topic of a number of research reports. TD Securities raised their price objective on shares of Superior Plus from C$8.00 to C$9.00 and gave the stock a “hold” rating in a report on Thursday, October 9th. BMO Capital Markets lifted their price target on shares of Superior Plus from C$8.00 to C$10.00 in a research note on Friday, October 10th. Desjardins cut their price objective on shares of Superior Plus from C$10.50 to C$9.75 and set a “buy” rating for the company in a research report on Wednesday, August 13th. Finally, Raymond James Financial decreased their target price on Superior Plus from C$10.50 to C$10.00 and set an “outperform” rating on the stock in a report on Thursday, August 14th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Superior Plus currently has an average rating of “Moderate Buy” and an average price target of C$9.53.

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.