Superior Plus (TSE:SPB) Issues Earnings Results

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

Superior Plus Price Performance

SPB opened at C$7.61 on Friday. Superior Plus has a fifty-two week low of C$6.06 and a fifty-two week high of C$8.34. The firm has a 50-day moving average of C$6.90 and a 200 day moving average of C$7.14. The firm has a market cap of C$1.63 billion, a P/E ratio of 30.44 and a beta of 0.29. The company has a debt-to-equity ratio of 244.09, a quick ratio of 0.46 and a current ratio of 0.95.

Superior Plus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued 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 payout ratio is 51.81%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SPB. National Bank Financial lowered 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 report on Monday, February 23rd. Desjardins downgraded Superior Plus from a “buy” rating to a “hold” rating and cut their price target for the company from C$8.75 to C$7.00 in a research note on Monday, February 23rd. Raymond James Financial lowered Superior Plus from a “moderate buy” rating to a “hold” rating and decreased their price objective for the stock from C$9.75 to C$8.50 in a report on Monday, February 23rd. Canadian Imperial Bank of Commerce raised Superior Plus from a “hold” rating to an “outperformer” rating in a research note on Tuesday, April 21st. Finally, TD Securities lowered Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.