Q4 EPS Estimates for Superior Plus Lowered by Stifel Canada

Superior Plus Corp. (TSE:SPB) – Investment analysts at Stifel Canada cut their Q4 2024 earnings per share (EPS) estimates for Superior Plus in a research note issued on Wednesday, February 19th. Stifel Canada analyst D. Young now expects that the company will post earnings of $0.16 per share for the quarter, down from their previous forecast of $0.28.

Several other equities research analysts have also recently weighed in on the company. Cibc World Mkts upgraded Superior Plus to a “strong-buy” rating in a research note on Friday, November 8th. TD Securities boosted their target price on Superior Plus from C$7.50 to C$9.00 in a research note on Thursday, December 5th. Scotiabank reduced their price objective on Superior Plus from C$12.00 to C$9.00 in a research note on Monday, November 11th. Finally, CIBC boosted their price objective on Superior Plus from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.95.

Superior Plus Price Performance

SPB stock opened at C$6.00 on Monday. The business has a 50 day moving average price of C$6.19 and a 200 day moving average price of C$6.86. The stock has a market cap of C$1.01 billion, a price-to-earnings ratio of 22.06 and a beta of 0.76. Superior Plus has a fifty-two week low of C$5.15 and a fifty-two week high of C$10.36. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35.

Insider Activity

In related news, Senior Officer Natasha Anne Cherednichenko bought 4,800 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average price of C$6.13 per share, with a total value of C$29,445.12. Corporate insiders own 0.54% of the company’s stock.

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.