Spire (SR) Set to Announce Earnings on Wednesday

Spire (NYSE:SR) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Spire to post earnings of $3.84 per share for the quarter. Spire has set its FY24 guidance at $4.25-4.45 EPS and its FY 2024 guidance at 4.250-4.450 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Spire (NYSE:SR) last issued its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.10. Spire had a return on equity of 8.27% and a net margin of 8.11%. The firm had revenue of $756.60 million for the quarter, compared to analysts’ expectations of $688.88 million. During the same period in the previous year, the firm posted $1.55 EPS. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, analysts expect Spire to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Spire Stock Performance

Shares of SR opened at $61.17 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.55 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average price is $59.87 and its 200-day moving average price is $59.93. Spire has a 52 week low of $53.77 and a 52 week high of $70.24. The stock has a market cap of $3.36 billion, a P/E ratio of 16.49, a P/E/G ratio of 2.80 and a beta of 0.51.

Spire Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Monday, March 11th were given a $0.755 dividend. The ex-dividend date was Friday, March 8th. This represents a $3.02 annualized dividend and a yield of 4.94%. Spire’s dividend payout ratio (DPR) is presently 81.40%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SR shares. UBS Group started coverage on Spire in a research report on Friday, April 12th. They issued a “buy” rating and a $68.00 price objective on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $65.00 price objective on shares of Spire in a research report on Tuesday, April 16th. Finally, Mizuho lowered their price objective on Spire from $66.00 to $64.00 and set a “buy” rating on the stock in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Spire presently has an average rating of “Hold” and an average target price of $62.25.

Insider Buying and Selling at Spire

In other Spire news, insider Joseph B. Hampton sold 1,294 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $58.13, for a total transaction of $75,220.22. Following the completion of the sale, the insider now directly owns 6,768 shares in the company, valued at approximately $393,423.84. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Joseph B. Hampton sold 1,294 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $58.13, for a total value of $75,220.22. Following the completion of the sale, the insider now directly owns 6,768 shares in the company, valued at approximately $393,423.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Adam W. Woodard sold 1,229 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $59.58, for a total value of $73,223.82. Following the completion of the sale, the treasurer now owns 1,560 shares of the company’s stock, valued at $92,944.80. The disclosure for this sale can be found here. Company insiders own 2.86% of the company’s stock.

About Spire

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.