Analysts Issue Forecasts for Spire's Q4 Earnings (NYSE:SR)

Key Points

• Zacks Research lowered Spire’s Q4 EPS forecast to a loss of $0.44 per share from a loss of $0.43, while full-year earnings consensus stands at $4.01 per share.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $92.50; recent targets range from $79 to $102.
• Spire shares opened at $76.48, near their 52-week low, while the company maintains a quarterly dividend of $0.825, equivalent to a 4.3% annualized yield.

Spire Inc. (NYSE:SR - Free Report) - Stock analysts at Zacks Research cut their Q4 2028 earnings per share (EPS) estimates for shares of Spire in a research report issued to clients and investors on Wednesday, September 23rd. Zacks Research analyst Team now forecasts that the utilities provider will earn ($0.44) per share for the quarter, down from their previous forecast of ($0.43). The consensus estimate for Spire's current full-year earnings is $4.01 per share.

A number of other research firms have also recently commented on SR. BTIG Research reissued a "buy" rating and issued a $102.00 price target on shares of Spire in a report on Monday, September 21st. Mizuho started coverage on shares of Spire in a research note on Tuesday, July 7th. They set an "outperform" rating and a $88.00 price target for the company. Scotiabank started coverage on Spire in a research note on Tuesday. They issued a "sector perform" rating and a $79.00 target price on the stock. Wall Street Zen upgraded shares of Spire from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Morgan Stanley decreased their price target on shares of Spire from $91.00 to $88.00 and set an "overweight" rating for the company in a research report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Spire has an average rating of "Moderate Buy" and a consensus price target of $92.50.

Spire Trading Up 0.5%

Shares of NYSE:SR opened at $76.48 on Friday. The company has a market cap of $4.52 billion, a P/E ratio of 8.53, a PEG ratio of 1.70 and a beta of 0.52. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.37 and a quick ratio of 0.27. The stock's fifty day moving average price is $81.08 and its 200-day moving average price is $83.94. Spire has a 1 year low of $74.84 and a 1 year high of $95.31.

Spire (NYSE:SR - Get Free Report) last announced 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. Spire had a net margin of 21.48% and a return on equity of 8.65%. The firm had revenue of $420.20 million for the quarter, compared to analyst estimates of $394.62 million. During the same quarter in the previous year, the firm posted $0.01 EPS. The company's revenue for the quarter was up 19.2% compared to the same quarter last year. Spire has set its FY 2026 guidance at 3.900-4.100 EPS.

Spire Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a $0.8250 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.30 dividend on an annualized basis and a yield of 4.3%. Spire's payout ratio is presently 36.79%.

Institutional Investors Weigh In On Spire

Several institutional investors have recently bought and sold shares of SR. MV Capital Management Inc. purchased a new position in shares of Spire during the 4th quarter worth $33,000. SHP Wealth Management purchased a new position in shares of Spire during the 4th quarter worth $35,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Spire during the 1st quarter worth about $43,000. Caitong International Asset Management Co. Ltd raised its holdings in Spire by 900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 540 shares of the utilities provider's stock valued at $45,000 after buying an additional 486 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Spire by 53.8% in the 3rd quarter. Versant Capital Management Inc now owns 655 shares of the utilities provider's stock valued at $50,000 after buying an additional 229 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Spire Company Profile

Spire Inc is a diversified natural gas company headquartered in St. Louis, Missouri. Through its regulated utility operations, the company distributes natural gas to residential, commercial, and industrial customers in Missouri and Alabama.

Spire's business includes natural gas distribution, gas storage and transportation, and related energy services. Its operations also include natural gas marketing and midstream activities, which support the delivery and management of natural gas for utility and other customers.

The company traces its history to 1857, when it was established as Laclede Gas Light Company.

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