Superior Plus (TSE:SPB) Issues Quarterly Earnings Results

Superior Plus (TSE:SPB) announced its earnings results on Tuesday. The company reported C($0.53) EPS for the quarter, FiscalAI reports. Superior Plus had a negative net margin of 0.15% and a negative return on equity of 0.41%. The business had revenue of C$541.12 million for the quarter. During the same quarter in the previous year, the business posted ($0.47) EPS.

Superior Plus Stock Up 2.3%

Shares of Superior Plus stock traded up C$0.12 on Thursday, reaching C$5.43. The company’s stock had a trading volume of 1,443,433 shares, compared to its average volume of 858,084. Superior Plus has a 52 week low of C$5.11 and a 52 week high of C$8.86. The firm’s fifty day simple moving average is C$6.84 and its two-hundred day simple moving average is C$7.29. The company has a quick ratio of 0.46, a current ratio of 0.91 and a debt-to-equity ratio of 193.48. The company has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 543.00 and a beta of 0.31.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SPB. Desjardins decreased their target price on shares of Superior Plus from C$8.75 to C$8.25 and set a “hold” rating for the company in a research note on Monday, October 26th. Royal Bank Of Canada lowered shares of Superior Plus from an “outperform” rating to a “sector perform” rating in a report on Monday, August 10th. TD cut Superior Plus from a “hold” rating to a “sell” rating and set a C$7.50 price target on the stock. in a research report on Thursday, November 5th. Scotia upped their price target on Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Finally, TD Securities lowered Superior Plus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 4th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Superior Plus presently has an average rating of “Hold” and a consensus price target of C$8.52.

About Superior Plus

Superior is a North American distributor and marketer of propane, compressed natural gas (‘CNG’), hydrogen and related products and services, and transports renewable natural gas (‘RNG’) from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange (‘TSX’) under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.