Superior Plus Corp. (TSE:SPB – Get Rating) – National Bank Financial increased their FY2023 EPS estimates for shares of Superior Plus in a report released on Wednesday, August 10th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $0.86 for the year, up from their previous forecast of $0.83. The consensus estimate for Superior Plus' current full-year earnings is $0.70 per share.
Get Superior Plus alerts:Other equities analysts also recently issued research reports about the stock. Scotiabank lowered their target price on shares of Superior Plus from C$13.00 to C$12.50 in a research note on Thursday. CIBC reduced their price objective on shares of Superior Plus from C$13.50 to C$13.25 in a research report on Thursday, July 21st. Cormark upgraded Superior Plus to a "buy" rating and set a C$15.00 target price on the stock in a research report on Thursday, May 5th. Canaccord Genuity Group lifted their price target on Superior Plus from C$13.50 to C$14.00 in a research note on Monday, May 16th. Finally, ATB Capital cut their price objective on Superior Plus from C$14.50 to C$13.50 and set a "sector perform" rating for the company in a research report on Thursday, May 12th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$13.98.
Superior Plus Stock Performance
TSE:SPB opened at C$11.28 on Monday. The stock has a fifty day moving average price of C$11.45 and a 200 day moving average price of C$11.74. The company has a current ratio of 1.37, a quick ratio of 0.88 and a debt-to-equity ratio of 136.57. Superior Plus has a 12-month low of C$10.75 and a 12-month high of C$15.96. The firm has a market cap of C$2.28 billion and a PE ratio of 40.29.Superior Plus Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date is Tuesday, August 30th. Superior Plus's payout ratio is currently 257.14%.
Insider Buying and Selling at Superior Plus
In related news, insider Marquard & Bahls AG acquired 25,900 shares of Superior Plus stock in a transaction dated Monday, June 20th. The shares were acquired at an average cost of C$11.14 per share, for a total transaction of C$288,588.16. Following the completion of the transaction, the insider now directly owns 36,671,764 shares of the company's stock, valued at C$408,611,463.19. In the last 90 days, insiders have purchased 34,300 shares of company stock worth $382,530.
About Superior Plus
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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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