Zacks Research Has Bearish Estimate for Spire Q2 Earnings

Spire Inc. (NYSE:SR - Free Report) - Investment analysts at Zacks Research reduced their Q2 2026 earnings estimates for shares of Spire in a note issued to investors on Tuesday, June 10th. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $3.73 per share for the quarter, down from their prior forecast of $3.79. The consensus estimate for Spire's current full-year earnings is $4.50 per share. Zacks Research also issued estimates for Spire's FY2027 earnings at $5.39 EPS.

Spire (NYSE:SR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $3.60 earnings per share for the quarter, missing the consensus estimate of $3.70 by ($0.10). The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.15 billion. Spire had a net margin of 9.70% and a return on equity of 7.88%. The business's quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.45 EPS.

A number of other equities analysts have also weighed in on SR. Wall Street Zen upgraded shares of Spire from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Wells Fargo & Company increased their price target on shares of Spire from $75.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Morgan Stanley increased their price objective on shares of Spire from $75.00 to $78.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Guggenheim raised their price objective on shares of Spire from $67.00 to $72.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Finally, LADENBURG THALM/SH SH raised shares of Spire to a "strong-buy" rating in a research report on Friday, May 9th. Seven analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $77.20.

Spire Stock Down 1.6%

Spire stock traded down $1.15 during trading hours on Thursday, hitting $72.16. The stock had a trading volume of 342,844 shares, compared to its average volume of 402,866. The stock's 50-day moving average price is $75.03 and its 200-day moving average price is $73.13. Spire has a 12-month low of $58.09 and a 12-month high of $79.81. The stock has a market capitalization of $4.26 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 2.82 and a beta of 0.63. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 1.21.

Spire Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, April 11th will be issued a dividend of $0.785 per share. This represents a $3.14 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Wednesday, June 11th. Spire's dividend payout ratio is 77.34%.

Institutional Investors Weigh In On Spire

Hedge funds have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new position in Spire in the 4th quarter worth approximately $27,000. Lee Danner & Bass Inc. bought a new stake in shares of Spire in the fourth quarter worth about $32,000. Capital Advisors Ltd. LLC grew its holdings in shares of Spire by 431.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 627 shares of the utilities provider's stock worth $43,000 after buying an additional 509 shares in the last quarter. Quarry LP bought a new position in Spire in the first quarter valued at approximately $50,000. Finally, State of Wyoming acquired a new stake in shares of Spire in the fourth quarter valued at approximately $52,000. 87.36% of the stock is owned by hedge funds and other institutional investors.

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.