Spire (NYSE:SR – Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.900-4.100 for the period, compared to the consensus estimate of 4.020. The company issued revenue guidance of -.
Spire Price Performance
Shares of SR stock traded up $0.62 on Wednesday, hitting $80.18. 232,842 shares of the stock traded hands, compared to its average volume of 448,041. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.55 and a quick ratio of 0.48. Spire has a 52 week low of $73.91 and a 52 week high of $95.31. The firm has a 50 day simple moving average of $80.37 and a two-hundred day simple moving average of $86.00. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 1.79 and a beta of 0.52.
Spire (NYSE:SR – Get Free Report) last posted its earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.06. The firm had revenue of $420.20 million during the quarter, compared to analyst estimates of $394.62 million. Spire had a net margin of 13.97% and a return on equity of 9.49%. Spire’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. As a group, equities research analysts predict that Spire will post 4.01 earnings per share for the current fiscal year.
Spire Dividend Announcement
Analyst Ratings Changes
Several equities analysts have issued reports on SR shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Spire in a report on Wednesday, July 22nd. Wall Street Zen downgraded Spire from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Wells Fargo & Company began coverage on Spire in a research report on Monday, May 11th. They set an “overweight” rating and a $96.00 target price on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $85.00 price target (up from $84.00) on shares of Spire in a research note on Friday, June 26th. Finally, Wolfe Research assumed coverage on Spire in a report on Tuesday, May 26th. They issued a “peer perform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Spire currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.50.
Get Our Latest Stock Analysis on SR
Insider Buying and Selling
In other Spire news, Director Paul D. Koonce acquired 500 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $78.46 per share, for a total transaction of $39,230.00. Following the completion of the transaction, the director owned 8,000 shares of the company’s stock, valued at approximately $627,680. The trade was a 6.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ryan L. Hyman sold 3,822 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $80.51, for a total value of $307,709.22. Following the transaction, the senior vice president owned 14,295 shares of the company’s stock, valued at approximately $1,150,890.45. This represents a 21.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders bought 3,000 shares of company stock worth $251,100 over the last ninety days. Corporate insiders own 2.26% of the company’s stock.
Institutional Trading of Spire
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in shares of Spire in the fourth quarter valued at $25,000. Headlands Technologies LLC acquired a new stake in shares of Spire during the second quarter worth about $38,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Spire in the fourth quarter valued at approximately $43,000. Smartleaf Asset Management LLC grew its holdings in shares of Spire by 40.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 519 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 149 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Spire by 1,031.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 611 shares of the utilities provider’s stock worth $45,000 after buying an additional 557 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.
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.
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