Zacks Research Has Negative Outlook of Spire Q3 Earnings

Spire Inc. (NYSE:SR) – Stock analysts at Zacks Research reduced their Q3 2027 earnings per share estimates for Spire in a research report issued on Thursday, April 23rd. Zacks Research analyst Team now anticipates that the utilities provider will post earnings per share of $0.15 for the quarter, down from their previous estimate of $0.16. The consensus estimate for Spire’s current full-year earnings is $5.28 per share. Zacks Research also issued estimates for Spire’s Q1 2028 earnings at $1.66 EPS.

Spire (NYSE:SR) last released its quarterly earnings results on Tuesday, February 3rd. The utilities provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.62 by $0.15. The company had revenue of $762.20 million during the quarter, compared to analyst estimates of $785.54 million. Spire had a return on equity of 9.43% and a net margin of 10.95%.The firm’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $1.34 earnings per share. Spire has set its FY 2027 guidance at 5.650-5.850 EPS and its FY 2026 guidance at 5.250-5.450 EPS.

Several other brokerages also recently weighed in on SR. Stifel Nicolaus increased their target price on shares of Spire from $81.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Morgan Stanley reissued an “overweight” rating and issued a $102.00 target price on shares of Spire in a research note on Tuesday. TD Cowen started coverage on shares of Spire in a research note on Thursday, April 16th. They issued a “hold” rating and a $101.00 target price on the stock. Weiss Ratings raised shares of Spire from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $99.00 target price on shares of Spire in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.80.

Spire Trading Down 0.6%

Shares of SR opened at $90.78 on Friday. Spire has a twelve month low of $69.94 and a twelve month high of $95.31. The company has a market cap of $5.36 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.47 and a beta of 0.60. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 1.39. The company’s fifty day simple moving average is $91.45 and its 200-day simple moving average is $87.31.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its holdings in Spire by 0.3% in the 4th quarter. Franklin Resources Inc. now owns 40,489 shares of the utilities provider’s stock worth $3,348,000 after acquiring an additional 122 shares in the last quarter. MBM Wealth Consultants LLC increased its holdings in Spire by 2.6% in the 3rd quarter. MBM Wealth Consultants LLC now owns 5,507 shares of the utilities provider’s stock worth $449,000 after acquiring an additional 140 shares in the last quarter. Detalus Advisors LLC increased its holdings in Spire by 2.3% in the 1st quarter. Detalus Advisors LLC now owns 6,200 shares of the utilities provider’s stock worth $561,000 after acquiring an additional 142 shares in the last quarter. Inspire Investing LLC increased its holdings in Spire by 2.6% in the 4th quarter. Inspire Investing LLC now owns 5,734 shares of the utilities provider’s stock worth $474,000 after acquiring an additional 144 shares in the last quarter. Finally, Intrua Financial LLC increased its holdings in Spire by 4.6% in the 3rd quarter. Intrua Financial LLC now owns 3,399 shares of the utilities provider’s stock worth $277,000 after acquiring an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Spire Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Wednesday, March 11th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, March 11th. Spire’s dividend payout ratio (DPR) is currently 71.74%.

About Spire

Spire Inc (NYSE: SR), formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire’s service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.