Q3 2024 EPS Estimates for Spire Inc. (NYSE:SR) Decreased by Analyst

Spire Inc. (NYSE:SR) – Stock analysts at Zacks Research lowered their Q3 2024 earnings estimates for Spire in a research report issued on Wednesday, April 17th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of ($0.34) for the quarter, down from their previous forecast of ($0.31). The consensus estimate for Spire’s current full-year earnings is $4.35 per share. Zacks Research also issued estimates for Spire’s Q4 2024 earnings at ($0.61) EPS, FY2024 earnings at $4.35 EPS, Q3 2025 earnings at ($0.29) EPS, Q4 2025 earnings at ($0.42) EPS and Q1 2026 earnings at $1.41 EPS.

Spire (NYSE:SR) last announced its earnings results on Thursday, February 1st. The utilities provider reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.10. The company had revenue of $756.60 million during the quarter, compared to analyst estimates of $688.88 million. Spire had a net margin of 8.11% and a return on equity of 8.27%. Spire’s revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.55 earnings per share.

Several other research firms have also commented on SR. UBS Group started coverage on shares of Spire in a research note on Friday, April 12th. They issued a “buy” rating and a $68.00 price objective for the company. Mizuho lowered their price objective on shares of Spire from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, January 22nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $65.00 price objective on shares of Spire in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Spire currently has an average rating of “Hold” and an average price target of $62.25.

Spire Trading Up 2.5 %

NYSE SR opened at $60.91 on Friday. The firm has a 50 day simple moving average of $59.76 and a 200-day simple moving average of $59.81. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.43 and a current ratio of 0.55. Spire has a one year low of $53.77 and a one year high of $70.60. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 2.68 and a beta of 0.51.

Spire Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Monday, March 11th were issued a $0.755 dividend. The ex-dividend date was Friday, March 8th. This represents a $3.02 annualized dividend and a yield of 4.96%. Spire’s dividend payout ratio (DPR) is 81.40%.

Insider Activity at Spire

In related news, insider Joseph B. Hampton sold 1,294 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $58.13, for a total value of $75,220.22. Following the sale, the insider now owns 6,768 shares of the company’s stock, valued at $393,423.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Spire news, Treasurer Adam W. Woodard sold 1,229 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $59.58, for a total transaction of $73,223.82. Following the sale, the treasurer now owns 1,560 shares of the company’s stock, valued at $92,944.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph B. Hampton sold 1,294 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $58.13, for a total transaction of $75,220.22. Following the sale, the insider now directly owns 6,768 shares in the company, valued at approximately $393,423.84. The disclosure for this sale can be found here. 2.86% of the stock is owned by corporate insiders.

Institutional Trading of Spire

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System raised its holdings in Spire by 6.2% during the first quarter. Maryland State Retirement & Pension System now owns 46,977 shares of the utilities provider’s stock worth $2,739,000 after purchasing an additional 2,758 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Spire by 4.8% during the first quarter. State of Alaska Department of Revenue now owns 5,958 shares of the utilities provider’s stock worth $365,000 after purchasing an additional 275 shares in the last quarter. State of Michigan Retirement System raised its holdings in Spire by 7.1% during the first quarter. State of Michigan Retirement System now owns 13,536 shares of the utilities provider’s stock worth $831,000 after purchasing an additional 900 shares in the last quarter. Cardinal Capital Management raised its holdings in Spire by 27.0% during the first quarter. Cardinal Capital Management now owns 31,621 shares of the utilities provider’s stock worth $1,960,000 after purchasing an additional 6,716 shares in the last quarter. Finally, BTC Capital Management Inc. purchased a new position in shares of Spire during the first quarter worth approximately $222,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Spire Company Profile

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 through three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.