Spire (SR) to Release Earnings on Wednesday

Spire (NYSE:SRGet Rating) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, February 1st. Analysts expect the company to announce earnings of $1.06 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Spire (NYSE:SRGet Rating) last issued its earnings results on Wednesday, November 16th. The utilities provider reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.02). Spire had a return on equity of 8.48% and a net margin of 10.04%. The business had revenue of $314.20 million during the quarter, compared to analysts’ expectations of $280.97 million. On average, analysts expect Spire to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Spire Price Performance

NYSE SR opened at $71.03 on Wednesday. The company has a 50-day moving average price of $70.17 and a 200-day moving average price of $69.87. The firm has a market capitalization of $3.73 billion, a P/E ratio of 17.85, a PEG ratio of 3.38 and a beta of 0.42. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 1.15. Spire has a 52 week low of $61.52 and a 52 week high of $79.24.

Spire Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Monday, December 12th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, December 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.79%. Spire’s dividend payout ratio (DPR) is presently 72.36%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SR. Morgan Stanley boosted their price objective on Spire from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. downgraded Spire from an “overweight” rating to a “neutral” rating and set a $69.00 price target for the company. in a research note on Monday, December 5th. Guggenheim upped their price target on Spire from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 7th. Royal Bank of Canada increased their target price on Spire from $69.00 to $75.00 and gave the company a “sector perform” rating in a research report on Monday, November 21st. Finally, Bank of America downgraded Spire from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $78.00 to $61.00 in a research report on Monday, December 12th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $69.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its position in Spire by 2.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,345 shares of the utilities provider’s stock valued at $384,000 after acquiring an additional 142 shares in the last quarter. Cohen & Steers Inc. raised its position in Spire by 31.8% during the first quarter. Cohen & Steers Inc. now owns 639 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 154 shares in the last quarter. Federated Hermes Inc. raised its position in Spire by 3.4% during the first quarter. Federated Hermes Inc. now owns 6,073 shares of the utilities provider’s stock valued at $436,000 after acquiring an additional 198 shares in the last quarter. Captrust Financial Advisors raised its position in Spire by 18.1% during the second quarter. Captrust Financial Advisors now owns 2,088 shares of the utilities provider’s stock valued at $157,000 after acquiring an additional 320 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in Spire by 1.3% during the third quarter. Baird Financial Group Inc. now owns 40,812 shares of the utilities provider’s stock valued at $2,544,000 after acquiring an additional 537 shares in the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Spire Company Profile

(Get Rating)

Spire Inc operates as a public utility holding company, which provides natural gas service through its utility operations while engaging in non-regulated activities. It operates through the Gas Utility and Gas Marketing Business segments. The Gas Utility segment includes the regulated operations of Laclede Gas Company and Alabama Gas Corporation.

See Also

Earnings History for Spire (NYSE:SR)

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