Superior Plus Corp. to post Q3 2024 earnings per share of ($0.26), Raymond James (TSE:SPB) forecast

Superior Plus Corp. (TSE:SPB – Free Report) – Equities research analysts at Raymond James lowered their Q3 2024 earnings per share estimates for shares of Superior Plus in a research note issued on Wednesday, August 14th. Raymond James analyst S. Hansen now anticipates that the company will post earnings of ($0.26) per share for the quarter, down from their prior forecast of ($0.23). The consensus estimate for Superior Plus’ current full-year earnings is $0.26 per share. Raymond James also issued estimates for Superior Plus’s FY2024 earnings at $0.14.

Other analysts have recently issued research reports on the stock. Cormark decreased their price objective on shares of Superior Plus from $12.00 to $10.00 in a research note on Monday, July 29th. ATB Capital cut their price target on Superior Plus from $13.00 to $12.00 in a research report on Thursday, August 15th. Scotiabank decreased their price objective on Superior Plus from $12.00 to $9.00 in a research report on Monday. Stifel Nicolaus cut their price target on Superior Plus from $12.50 to $12.00 and set a “buy” rating on the stock in a report on Friday. Finally, Royal Bank of Canada cut their price target on shares of Superior Plus from $13.00 to $11.00 in a report on Thursday, August 15th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $10.55, according to MarketBeat.com.

Get the latest stock report on SPB

Superior Plus trading down 0.6%

SPB opened at $7.79 on Monday. The company has a debt-to-equity ratio of 129.19, a current ratio of 0.96, and a quick ratio of 0.46. Superior Plus has a fifty-two week low of $7.51 and a fifty-two week high of $10.90. The company’s 50-day moving average price is $8.37, and its two-hundred-day moving average price is $9.12. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 40.43 and a beta of 0.77.

Superior Plus dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, September 27. This represents a dividend of $0.72 on an annualized basis and a dividend yield of 9.24%.

Internal activity at Superior Plus

In related news, COO Kirsten Olsen purchased 3,765 shares of the business’s stock in a transaction that occurred on Monday, May 27th. The stock was bought at an average price of $9.37 per share, for a total transaction of $35,278.05. 0.54% of shares are owned by corporate insiders.

About Superior Plus

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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 (US Propane), Canadian Retail Propane Distribution (Canadian Propane) and North American Wholesale Propane Distribution (Wholesale Propane) and Certarus segments.

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