Superior Plus (TSE:SPB) Issues Quarterly Earnings Results

Superior Plus (TSE:SPB) released its earnings results on Tuesday. The company reported C($0.53) earnings per share 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 firm had revenue of C$541.12 million for the quarter. During the same period in the previous year, the company earned ($0.47) earnings per share.

Superior Plus Trading Up 3.0%

Shares of SPB stock traded up C$0.16 during trading hours on Thursday, hitting C$5.47. 1,579,212 shares of the company were exchanged, compared to its average volume of 859,644. The firm has a market cap of C$1.17 billion, a P/E ratio of 547.00 and a beta of 0.31. Superior Plus has a fifty-two week low of C$5.11 and a fifty-two week high of C$8.86. The company has a debt-to-equity ratio of 193.48, a quick ratio of 0.46 and a current ratio of 0.91. The company has a 50 day simple moving average of C$6.84 and a two-hundred day simple moving average of C$7.29.

Analyst Ratings Changes

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