Raymond James Weighs in on Superior Plus Corp. (SPB.TO)’s Q1 2021 Earnings (TSE:SPB)


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Superior Plus Corp. (SPB.TO) (TSE:SPB) – Raymond James raised their Q1 2021 earnings per share (EPS) estimates for Superior Plus Corp. (SPB.TO) in a note issued to investors on Monday, February 22nd. Raymond James analyst S. Hansen now forecasts that the company will post earnings per share of $0.69 for the quarter, up from their prior forecast of $0.60. Raymond James has a “NA” rating and a $15.50 price objective on the stock. Raymond James also issued estimates for Superior Plus Corp. (SPB.TO)’s Q4 2021 earnings at $0.43 EPS.

Several other equities research analysts also recently weighed in on SPB. CIBC downgraded shares of Superior Plus Corp. (SPB.TO) from an “outperform” rating to a “neutral” rating and upped their target price for the stock from C$14.50 to C$15.00 in a research note on Monday, December 21st. ATB Capital upped their price objective on Superior Plus Corp. (SPB.TO) from C$14.00 to C$14.50 and gave the stock a “sector perform” rating in a research report on Monday. TD Securities increased their price objective on Superior Plus Corp. (SPB.TO) from C$14.50 to C$15.50 and gave the company a “buy” rating in a research note on Friday. BMO Capital Markets boosted their target price on Superior Plus Corp. (SPB.TO) from C$12.00 to C$12.50 and gave the stock a “na” rating in a research note on Monday. Finally, Royal Bank of Canada increased their price target on Superior Plus Corp. (SPB.TO) from C$13.00 to C$15.00 and gave the company a “sector perform” rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of C$14.67.

Shares of SPB opened at C$13.34 on Tuesday. The company’s 50-day simple moving average is C$12.77 and its 200-day simple moving average is C$12.31. The company has a debt-to-equity ratio of 142.83, a quick ratio of 0.64 and a current ratio of 1.04. Superior Plus Corp. has a 1 year low of C$5.97 and a 1 year high of C$14.00. The stock has a market capitalization of C$2.35 billion and a PE ratio of 31.24.

The firm also recently declared a monthly dividend, which will be paid on Monday, March 15th. Shareholders of record on Monday, March 15th will be issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Thursday, February 25th. Superior Plus Corp. (SPB.TO)’s dividend payout ratio (DPR) is 168.62%.

About Superior Plus Corp. (SPB.TO)

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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