Superior Plus Corp. (TSE:SPB – Get Rating) – Raymond James lowered their Q4 2022 earnings estimates for Superior Plus in a research note issued on Thursday, August 11th. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $0.27 for the quarter, down from their prior forecast of $0.29. The consensus estimate for Superior Plus' current full-year earnings is $0.70 per share. Raymond James also issued estimates for Superior Plus' FY2023 earnings at $0.45 EPS.

A number of other brokerages have also recently weighed in on SPB. Royal Bank of Canada raised shares of Superior Plus to a "buy" rating and set a C$15.00 price objective for the company in a research note on Thursday, May 5th. Cormark raised shares of Superior Plus to a "buy" rating and set a C$15.00 price objective for the company in a research note on Thursday, May 5th. Scotiabank dropped their price objective on shares of Superior Plus from C$13.00 to C$12.50 in a research note on Thursday. CIBC dropped their price objective on shares of Superior Plus from C$13.50 to C$13.25 in a research note on Thursday, July 21st. Finally, ATB Capital dropped their price objective on shares of Superior Plus from C$14.50 to C$13.50 and set a "sector perform" rating for the company in a research note on Thursday, May 12th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$13.98.

Superior Plus Stock Performance

Superior Plus (TSE:SPB – Get Rating) last issued its earnings results on Tuesday, May 10th. The company reported C$0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.62 by C$0.06. The company had revenue of C$1.17 billion during the quarter, compared to analysts' expectations of C$896.50 million.

Superior Plus Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.38%. Superior Plus's dividend payout ratio (DPR) is presently 257.14%.

Insider Buying and Selling at Superior Plus

In related news, insider Marquard & Bahls AG purchased 25,900 shares of the firm's stock in a transaction on Monday, June 20th. The shares were bought at an average price of C$11.14 per share, for a total transaction of C$288,588.16. Following the acquisition, the insider now directly owns 36,671,764 shares in the company, valued at C$408,611,463.19. Insiders have purchased a total of 34,300 shares of company stock worth $382,530 in the last quarter.

Superior Plus Company Profile

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Superior Plus Corp. engages in the energy distribution business. It operates through two segments, U.S. Propane Distribution and Canadian Propane Distribution. The U.S. Propane Distribution segment distributes and sells propane, heating oil, and other liquid fuels in the Northeast, Atlantic, the Southeast, the Midwest, and California.

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