Superior Plus (TSE:SPB) is set to post its quarterly earnings results after the market closes on Wednesday, November 13th. Analysts expect Superior Plus to post earnings of C($0.27) per share for the quarter.
Superior Plus (TSE:SPB) last announced its earnings results on Tuesday, August 13th. The company reported C($0.17) EPS for the quarter, beating the consensus estimate of C($0.18) by C$0.01. The company had revenue of C$541.20 million for the quarter, compared to analysts’ expectations of C$581.00 million.
Shares of TSE:SPB traded down C$0.06 during mid-day trading on Tuesday, hitting C$12.17. 24,772 shares of the company traded hands, compared to its average volume of 546,303. The firm has a market cap of $2.13 billion and a P/E ratio of 54.09. The company has a debt-to-equity ratio of 172.16, a quick ratio of 0.66 and a current ratio of 1.00. Superior Plus has a 52-week low of C$9.17 and a 52-week high of C$13.70. The firm’s 50 day simple moving average is C$12.14 and its 200 day simple moving average is C$12.42.
The business also recently announced a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Saturday, November 30th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a $0.72 annualized dividend and a dividend yield of 5.92%. Superior Plus’s payout ratio is currently 320.00%.
Several equities research analysts recently commented on the company. Raymond James set a C$15.00 target price on Superior Plus and gave the company an “outperform” rating in a report on Friday, August 16th. National Bank Financial dropped their price objective on Superior Plus from C$14.50 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday, August 15th. BMO Capital Markets dropped their price objective on Superior Plus from C$14.00 to C$13.50 in a report on Thursday, August 15th. Finally, Industrial Alliance Securities upgraded Superior Plus from a “buy” rating to a “strong-buy” rating and set a C$15.00 price objective on the stock in a report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Superior Plus currently has a consensus rating of “Buy” and a consensus target price of C$14.75.
About Superior Plus
Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.
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