Superior Plus (TSE:SPB) Releases Earnings Results

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

Superior Plus Price Performance

SPB stock traded up C$0.16 on Thursday, reaching C$5.47. The company had a trading volume of 1,669,912 shares, compared to its average volume of 860,004. The company’s fifty day moving average is C$6.84 and its 200 day moving average is C$7.29. The company has a market cap of C$1.17 billion, a P/E ratio of 547.00 and a beta of 0.31. The company has a debt-to-equity ratio of 193.48, a quick ratio of 0.46 and a current ratio of 0.91. Superior Plus has a 1 year low of C$5.11 and a 1 year high of C$8.86.

Wall Street Analyst Weigh In

Several research firms have recently commented on SPB. Royal Bank Of Canada lowered shares of Superior Plus from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 10th. Desjardins cut their target price on 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. TD Securities downgraded Superior Plus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 4th. TD lowered Superior Plus from a “hold” rating to a “sell” rating and set a C$7.50 price target on the stock. in a research note on Thursday, November 5th. Finally, Scotia increased their price target on Superior Plus from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Superior Plus has a consensus rating of “Hold” and an average target price of C$8.52.

Superior Plus Company Profile

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.