Spire (NYSE:SR – Get 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:SR – Get 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
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
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.
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