Brokerages Expect Spire Inc. (NYSE:SR) Will Announce Quarterly Sales of $895.50 Million

Wall Street brokerages expect Spire Inc. (NYSE:SRGet Rating) to post $895.50 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Spire’s earnings, with estimates ranging from $726.49 million to $1.14 billion. Spire reported sales of $1.10 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 18.6%. The company is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Spire will report full-year sales of $2.04 billion for the current year, with estimates ranging from $1.82 billion to $2.26 billion. For the next financial year, analysts forecast that the business will post sales of $2.09 billion, with estimates ranging from $1.79 billion to $2.32 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Spire.

Spire (NYSE:SRGet Rating) last issued its quarterly earnings data on Wednesday, February 2nd. The utilities provider reported $1.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.17). Spire had a return on equity of 10.13% and a net margin of 10.29%. The company had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $548.70 million. During the same quarter last year, the business earned $1.42 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis.

A number of brokerages have weighed in on SR. Zacks Investment Research downgraded shares of Spire from a “hold” rating to a “sell” rating and set a $80.00 target price for the company. in a research note on Tuesday, April 12th. TheStreet raised shares of Spire from a “c+” rating to a “b” rating in a research note on Monday, March 7th. StockNews.com began coverage on shares of Spire in a research note on Thursday, March 31st. They set a “sell” rating for the company. Sidoti downgraded shares of Spire from a “buy” rating to a “neutral” rating in a research note on Wednesday. Finally, Guggenheim downgraded shares of Spire from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Thursday, January 20th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $72.22.

Shares of NYSE SR traded up $0.67 on Friday, reaching $75.49. 526,423 shares of the company’s stock traded hands, compared to its average volume of 418,592. Spire has a 12 month low of $59.60 and a 12 month high of $77.95. The business’s 50 day simple moving average is $68.60 and its two-hundred day simple moving average is $65.37. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 3.66 and a beta of 0.32. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.32.

The company also recently declared a quarterly dividend, which was paid on Monday, April 4th. Investors of record on Friday, March 11th were given a dividend of $0.685 per share. This represents a $2.74 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Thursday, March 10th. Spire’s dividend payout ratio (DPR) is currently 63.28%.

Hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust purchased a new stake in Spire in the third quarter worth approximately $29,000. EverSource Wealth Advisors LLC purchased a new stake in Spire in the fourth quarter worth approximately $33,000. Larson Financial Group LLC boosted its stake in shares of Spire by 114.3% during the 4th quarter. Larson Financial Group LLC now owns 555 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 296 shares during the last quarter. Moors & Cabot Inc. purchased a new position in shares of Spire during the 3rd quarter worth $41,000. Finally, Missouri Trust & Investment Co purchased a new position in shares of Spire during the 4th quarter worth $52,000. Institutional investors own 81.86% of the company’s stock.

Spire Company Profile (Get Rating)

Spire Inc, together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates in two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas.

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