Spire Inc. (SR) Expected to Post Earnings of $0.40 Per Share
Equities analysts expect Spire Inc. (NYSE:SR) to post $0.40 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Spire’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.42. Spire reported earnings per share of $0.33 during the same quarter last year, which suggests a positive year-over-year growth rate of 21.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 2nd.
According to Zacks, analysts expect that Spire will report full year earnings of $3.53 per share for the current year, with EPS estimates ranging from $3.50 to $3.55. For the next year, analysts anticipate that the company will post earnings of $3.65 per share, with EPS estimates ranging from $3.50 to $3.75. Zacks’ EPS calculations are an average based on a survey of research firms that cover Spire.
Spire (NYSE:SR) last announced its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $2.38 EPS for the quarter, topping the consensus estimate of $2.37 by $0.01. The company had revenue of $663.40 million during the quarter, compared to the consensus estimate of $662.43 million. Spire had a net margin of 8.87% and a return on equity of 8.66%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.37 EPS.
Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Spire from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Morgan Stanley upped their price target on Spire from $70.00 to $71.00 and gave the stock an “underweight” rating in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.80.
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Shares of Spire (SR) traded down 0.28% during mid-day trading on Monday, hitting $72.25. 393,590 shares of the stock traded hands. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 22.06 and a beta of 0.35. Spire has a 52 week low of $59.54 and a 52 week high of $72.83. The firm’s 50-day moving average is $70.25 and its 200-day moving average is $66.73.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Monday, June 12th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $2.10 annualized dividend and a yield of 2.91%. Spire’s payout ratio is 64.02%.
A number of large investors have recently modified their holdings of SR. Parkside Financial Bank & Trust boosted its stake in shares of Spire by 34.2% in the first quarter. Parkside Financial Bank & Trust now owns 1,597 shares of the utilities provider’s stock valued at $108,000 after buying an additional 407 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Spire by 86.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,200 shares of the utilities provider’s stock valued at $142,000 after buying an additional 1,019 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Spire during the fourth quarter valued at $195,000. First Allied Advisory Services Inc. purchased a new stake in shares of Spire during the fourth quarter valued at $205,000. Finally, Private Advisor Group LLC boosted its stake in shares of Spire by 11.5% in the fourth quarter. Private Advisor Group LLC now owns 3,578 shares of the utilities provider’s stock valued at $231,000 after buying an additional 370 shares during the last quarter. 74.34% of the stock is currently owned by institutional investors.
Spire Company Profile
Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.
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