Zacks Research Issues Positive Forecast for Spire Earnings

Key Points

• Zacks Research raised its Spire earnings forecasts, projecting Q2 2027 EPS of $4.14, up from $4.11, and FY2027 EPS of $5.43.
• Analyst sentiment remains positive overall, with Spire carrying a “Moderate Buy” consensus rating and an average price target of $92.58.
• Spire recently beat quarterly earnings expectations and reported 19.2% year-over-year revenue growth; it also pays a quarterly dividend of $0.825 per share, yielding approximately 3.9%.

Spire Inc. (NYSE:SR - Free Report) - Zacks Research raised their Q2 2027 EPS estimates for Spire in a report released on Friday, October 23rd. Zacks Research analyst Team now forecasts that the utilities provider will post earnings of $4.14 per share for the quarter, up from their previous forecast of $4.11. The consensus estimate for Spire's current full-year earnings is $4.00 per share. Zacks Research also issued estimates for Spire's FY2027 earnings at $5.43 EPS, Q1 2028 earnings at $2.14 EPS, Q2 2028 earnings at $4.23 EPS and Q3 2028 earnings at $0.16 EPS.

Several other equities analysts have also recently issued reports on the company. BTIG Research restated a "buy" rating and set a $102.00 target price on shares of Spire in a report on Monday, September 21st. Scotiabank initiated coverage on shares of Spire in a research note on Tuesday, September 29th. They set a "sector perform" rating and a $79.00 target price on the stock. Huntington assumed coverage on shares of Spire in a research report on Monday, September 14th. They set an "outperform" rating and a $93.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Spire from $85.00 to $86.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 20th. Finally, Morgan Stanley lowered their price objective on shares of Spire from $91.00 to $88.00 and set an "overweight" rating for the company in a report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $92.58.

Spire Trading Up 0.2%

Shares of Spire stock opened at $85.38 on Monday. 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 company has a 50 day simple moving average of $80.72 and a two-hundred day simple moving average of $82.73. Spire has a 1 year low of $74.84 and a 1 year high of $95.31. The firm has a market cap of $5.05 billion, a PE ratio of 9.52, a PEG ratio of 1.39 and a beta of 0.52.

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

Institutional Investors Weigh In On Spire

Several institutional investors have recently modified their holdings of the stock. Ashurst Perkins Coie Trust Co purchased a new stake in Spire in the third quarter worth $26,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Spire in the first quarter worth about $43,000. Versant Capital Management Inc increased its stake in Spire by 53.8% in the 3rd quarter. Versant Capital Management Inc now owns 655 shares of the utilities provider's stock worth $50,000 after buying an additional 229 shares during the period. Global Retirement Partners LLC purchased a new position in Spire in the 2nd quarter worth about $52,000. Finally, Miller Global Investments LLC purchased a new position in Spire in the 3rd quarter worth about $57,000. 87.36% of the stock is owned by institutional investors.

Spire Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were issued a dividend of $0.8250 per share. This represents a $3.30 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, September 11th. Spire's dividend payout ratio is 36.79%.

Spire Company Profile

Spire Inc is an energy company that provides natural gas services to residential, commercial, industrial and other customers. Through its regulated utility operations, the company distributes natural gas and provides related customer services, with a focus on delivering dependable energy and maintaining the infrastructure needed to serve its communities.

Spire's regulated utilities serve customers primarily in Missouri and Alabama, with operations that have also included service in Mississippi.

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