Brokerages Expect Spire Inc (NYSE:SR) to Announce $1.21 EPS

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Wall Street brokerages forecast that Spire Inc (NYSE:SR) will announce earnings per share (EPS) of $1.21 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Spire’s earnings. The lowest EPS estimate is $1.16 and the highest is $1.26. Spire posted earnings of $1.30 per share during the same quarter last year, which would indicate a negative year over year growth rate of 6.9%. The business is expected to report its next earnings results on Wednesday, February 5th.

According to Zacks, analysts expect that Spire will report full-year earnings of $3.75 per share for the current financial year, with EPS estimates ranging from $3.51 to $3.90. For the next financial year, analysts anticipate that the firm will report earnings of $4.04 per share, with EPS estimates ranging from $3.89 to $4.12. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Spire.

Spire (NYSE:SR) last released its quarterly earnings data on Monday, November 25th. The utilities provider reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.52) by ($0.02). Spire had a net margin of 9.37% and a return on equity of 7.64%. The company had revenue of $225.60 million during the quarter, compared to analyst estimates of $243.88 million.

A number of analysts have commented on SR shares. Wells Fargo & Co increased their price target on shares of Spire from $89.00 to $90.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Credit Suisse Group restated a “sell” rating and set a $75.00 price objective on shares of Spire in a research note on Monday. Zacks Investment Research upgraded shares of Spire from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd. Finally, ValuEngine cut shares of Spire from a “buy” rating to a “hold” rating in a report on Friday, November 29th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Spire presently has an average rating of “Hold” and a consensus target price of $84.25.

NYSE SR traded up $0.83 on Friday, hitting $79.54. 439,002 shares of the stock were exchanged, compared to its average volume of 273,842. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.42 and a quick ratio of 0.28. The business’s fifty day moving average is $80.90 and its 200 day moving average is $83.56. Spire has a 52 week low of $70.53 and a 52 week high of $88.00. The company has a market capitalization of $3.95 billion, a PE ratio of 21.32, a P/E/G ratio of 3.75 and a beta of 0.12.

The firm also recently announced a dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.6225 per share. The ex-dividend date of this dividend is Tuesday, December 10th. Spire’s dividend payout ratio is currently 63.54%.

In other Spire news, EVP Steven P. Rasche bought 1,108 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $27.20 per share, with a total value of $30,137.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.90% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. Nuveen Asset Management LLC boosted its position in Spire by 91.9% during the second quarter. Nuveen Asset Management LLC now owns 943,689 shares of the utilities provider’s stock worth $79,194,000 after purchasing an additional 451,810 shares during the period. AQR Capital Management LLC grew its position in shares of Spire by 39.1% in the second quarter. AQR Capital Management LLC now owns 38,866 shares of the utilities provider’s stock valued at $3,262,000 after purchasing an additional 10,932 shares during the last quarter. First Trust Advisors LP grew its position in shares of Spire by 9.6% in the second quarter. First Trust Advisors LP now owns 426,280 shares of the utilities provider’s stock valued at $35,773,000 after purchasing an additional 37,430 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Spire during the second quarter worth approximately $1,138,000. Finally, SG Americas Securities LLC increased its stake in shares of Spire by 36.8% during the second quarter. SG Americas Securities LLC now owns 8,911 shares of the utilities provider’s stock worth $748,000 after purchasing an additional 2,396 shares during the period. 81.12% of the stock is owned by institutional investors and hedge funds.

About Spire

Spire Inc, through 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 two segments, Gas Utility and Gas Marketing. It is also involved in marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

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