Superior Plus (SPB) to Release Quarterly Earnings on Tuesday

Superior Plus (TSE:SPB) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, August 13th. Analysts expect the company to announce earnings of C($0.08) per share for the quarter.

Superior Plus (TSE:SPB) last announced its earnings results on Thursday, May 9th. The company reported C$0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.61 by C$0.30. The firm had revenue of C$1.02 billion during the quarter, compared to analysts’ expectations of C$1.03 billion.

Shares of SPB stock traded down C$0.22 on Tuesday, hitting C$12.94. The stock had a trading volume of 253,018 shares, compared to its average volume of 533,718. The company’s 50 day moving average is C$13.30. The company has a market cap of $2.30 billion and a PE ratio of 27.15. The company has a debt-to-equity ratio of 163.24, a quick ratio of 0.98 and a current ratio of 1.33. Superior Plus has a 12-month low of C$9.17 and a 12-month high of C$13.70.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.72 annualized dividend and a yield of 5.56%. Superior Plus’s payout ratio is currently 150.63%.

Several research firms recently weighed in on SPB. Desjardins increased their price target on shares of Superior Plus from C$14.00 to C$14.50 in a research report on Friday, May 10th. CIBC increased their price target on shares of Superior Plus from C$14.50 to C$16.00 in a research report on Thursday, July 11th. Raymond James restated an “outperform” rating and set a C$15.00 price target on shares of Superior Plus in a research report on Thursday, August 1st. BMO Capital Markets lowered shares of Superior Plus from a “strong-buy” rating to a “buy” rating and increased their price target for the company from C$14.75 to C$15.00 in a research report on Friday, June 21st. Finally, Royal Bank of Canada lowered shares of Superior Plus from an “outperform” rating to a “sector perform” rating and set a C$14.00 price target for the company. in a research report on Friday, July 12th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$14.94.

Superior Plus Company Profile

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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Earnings History for Superior Plus (TSE:SPB)

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