Spire (NYSE:SR – Get Rating) will issue its quarterly earnings data before the market opens on Friday, May 6th. Analysts expect the company to announce earnings of $3.08 per share for the quarter. Spire has set its FY22 guidance at $3.70-4.00 EPS.
Spire (NYSE:SR – Get Rating) last issued its earnings results on Wednesday, February 2nd. The utilities provider reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.17). The firm had revenue of $555.40 million during the quarter, compared to analysts’ expectations of $548.70 million. Spire had a net margin of 10.29% and a return on equity of 10.13%. Spire’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 EPS. On average, analysts expect Spire to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
NYSE SR traded down $0.24 during trading hours on Monday, reaching $72.51. The stock had a trading volume of 1,453 shares, compared to its average volume of 375,180. Spire has a 52-week low of $59.60 and a 52-week high of $79.24. The stock has a market cap of $3.75 billion, a PE ratio of 16.71, a P/E/G ratio of 3.70 and a beta of 0.32. The company’s fifty day moving average is $71.01. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.32.
A number of research analysts have issued reports on the company. Guggenheim downgraded Spire from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a report on Thursday, January 20th. Sidoti downgraded Spire from a “buy” rating to a “neutral” rating in a report on Wednesday, April 13th. StockNews.com started coverage on Spire in a report on Thursday, March 31st. They issued a “sell” rating for the company. Morgan Stanley upped their target price on Spire from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 26th. Finally, Wells Fargo & Company upped their target price on Spire from $70.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 19th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $75.33.
Several institutional investors have recently added to or reduced their stakes in SR. Goldman Sachs Group Inc. increased its stake in Spire by 116.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 625,933 shares of the utilities provider’s stock worth $40,824,000 after buying an additional 336,825 shares during the period. BlackRock Inc. grew its holdings in Spire by 4.0% during the 4th quarter. BlackRock Inc. now owns 6,211,603 shares of the utilities provider’s stock worth $405,121,000 after acquiring an additional 237,990 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Spire by 55.2% in the 2nd quarter. Morgan Stanley now owns 155,120 shares of the utilities provider’s stock valued at $11,210,000 after buying an additional 55,164 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Spire by 9.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 503,357 shares of the utilities provider’s stock valued at $32,829,000 after buying an additional 44,272 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Spire by 2.9% in the 4th quarter. Legal & General Group Plc now owns 432,905 shares of the utilities provider’s stock valued at $28,234,000 after buying an additional 12,201 shares in the last quarter. 84.91% of the stock is currently owned by institutional investors and hedge funds.
About Spire (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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