Brokers Issue Forecasts for Spire's Q1 Earnings (NYSE:SR)

Key Points

• Zacks Research raised Spire’s Q1 2027 EPS forecast to $1.84 from $1.65, while full-year consensus EPS stands at $4.01.
• Analysts maintain a generally favorable view, with Spire holding a “Moderate Buy” consensus rating and an average price target of $94, versus shares opening at $82.59.
• Spire recently beat quarterly earnings and revenue expectations, reported 19.2% year-over-year revenue growth, and declared a quarterly dividend of $0.825, representing a 4.0% annualized yield.

Spire Inc. (NYSE:SR - Free Report) - Zacks Research boosted their Q1 2027 earnings per share estimates for Spire in a note issued to investors on Thursday, August 27th. Zacks Research analyst Team now expects that the utilities provider will earn $1.84 per share for the quarter, up from their previous estimate of $1.65. The consensus estimate for Spire's current full-year earnings is $4.01 per share. Zacks Research also issued estimates for Spire's Q2 2027 earnings at $4.06 EPS, Q2 2028 earnings at $4.27 EPS and FY2028 earnings at $6.07 EPS.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $85.00 target price (up from $84.00) on shares of Spire in a research report on Friday, June 26th. UBS Group lowered their price target on shares of Spire from $106.00 to $103.00 and set a "buy" rating on the stock in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Spire from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Spire from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. Finally, BTIG Research set a $101.00 price objective on shares of Spire in a report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $94.00.

Spire Stock Performance

Shares of NYSE SR opened at $82.59 on Friday. 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 firm has a market cap of $4.88 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 1.87 and a beta of 0.52. The stock's fifty day moving average price is $81.00 and its two-hundred day moving average price is $85.78. Spire has a one year low of $73.91 and a one 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, topping analysts' consensus estimates of ($0.32) by $0.06. The company had revenue of $420.20 million for the quarter, compared to analyst estimates of $394.62 million. Spire had a return on equity of 8.65% and a net margin of 21.48%.The firm's quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 earnings per share. Spire has set its FY 2026 guidance at 3.900-4.100 EPS.

Spire Dividend Announcement

The business 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 $0.825 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.30 annualized dividend and a yield of 4.0%. Spire's payout ratio is currently 36.79%.

Insiders Place Their Bets

In related news, Director Paul D. Koonce purchased 500 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price 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. This trade represents a 6.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Ryan L. Hyman sold 3,822 shares of the firm's 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 completion of the transaction, the senior vice president owned 14,295 shares in the company, valued at $1,150,890.45. The trade was a 21.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.26% of the company's stock.

Institutional Investors Weigh In On Spire

Institutional investors and hedge funds have recently bought and sold shares of the company. Amundi increased its holdings in Spire by 142.1% in the 2nd quarter. Amundi now owns 25,720 shares of the utilities provider's stock valued at $2,008,000 after buying an additional 15,096 shares during the period. Groupe la Francaise lifted its holdings in shares of Spire by 8.7% during the 2nd quarter. Groupe la Francaise now owns 5,177 shares of the utilities provider's stock worth $404,000 after acquiring an additional 414 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Spire by 7,941.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,346,822 shares of the utilities provider's stock worth $417,533,000 after acquiring an additional 5,280,331 shares during the period. Greenland Capital Management LP boosted its position in shares of Spire by 482.5% during the 2nd quarter. Greenland Capital Management LP now owns 32,910 shares of the utilities provider's stock worth $2,570,000 after acquiring an additional 27,260 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in shares of Spire during the 2nd quarter worth approximately $206,000. Institutional investors own 87.36% of the company's stock.

Spire Company Profile

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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