Superior Plus Corp. Forecasted to Post Q4 2017 Earnings of $0.21 Per Share (SPB)

Superior Plus Corp. (TSE:SPB) – Equities researchers at Desjardins issued their Q4 2017 earnings per share (EPS) estimates for shares of Superior Plus in a research note issued to investors on Monday. Desjardins analyst D. Newman forecasts that the company will post earnings of $0.21 per share for the quarter. Desjardins currently has a “Buy” rating and a $15.00 target price on the stock. Desjardins also issued estimates for Superior Plus’ Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at ($0.01) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $0.74 EPS and FY2019 earnings at $0.82 EPS.

Superior Plus (TSE:SPB) last posted its quarterly earnings results on Wednesday, November 8th. The company reported C($0.87) EPS for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.72). The business had revenue of C$465.50 million for the quarter. Superior Plus had a negative return on equity of 60.09% and a negative net margin of 26.81%.

Other equities research analysts also recently issued reports about the stock. CIBC lifted their price target on shares of Superior Plus from C$13.00 to C$13.50 in a research report on Tuesday, January 9th. Canaccord Genuity dropped their price target on shares of Superior Plus from C$13.25 to C$13.00 in a research report on Wednesday, November 15th. TD Securities lifted their price target on shares of Superior Plus from C$13.00 to C$13.50 and gave the company a “hold” rating in a research report on Friday, November 10th. National Bank Financial dropped their price target on shares of Superior Plus from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research report on Monday, January 29th. Finally, Scotiabank boosted their price objective on shares of Superior Plus from C$13.75 to C$14.00 and gave the company a “sector perform” rating in a research report on Thursday, November 9th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$13.89.

Shares of Superior Plus (TSE:SPB) opened at C$11.89 on Wednesday. The stock has a market cap of $1,640.00, a P/E ratio of -17.23 and a beta of 0.36. Superior Plus has a 1 year low of C$10.80 and a 1 year high of C$13.34.

The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.06%. Superior Plus’s payout ratio is presently -104.35%.

COPYRIGHT VIOLATION WARNING: “Superior Plus Corp. Forecasted to Post Q4 2017 Earnings of $0.21 Per Share (SPB)” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/07/superior-plus-corp-forecasted-to-post-q4-2017-earnings-of-0-21-per-share-spb.html.

Superior Plus Company Profile

Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.

Receive News & Ratings for Superior Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Plus and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply