Spire (NYSE:SR - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.250-4.450 for the period, compared to the consensus earnings per share estimate of 4.350. The company issued revenue guidance of -. Spire also updated its FY24 guidance to $4.25 to $4.45 EPS.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Royal Bank of Canada reaffirmed a sector perform rating and issued a $65.00 target price on shares of Spire in a report on Tuesday, April 16th. UBS Group initiated coverage on Spire in a report on Friday, April 12th. They set a buy rating and a $68.00 price objective on the stock. LADENBURG THALM/SH SH initiated coverage on Spire in a report on Friday, April 26th. They set a neutral rating and a $57.50 price objective on the stock. Finally, Mizuho decreased their price objective on Spire from $66.00 to $64.00 and set a buy rating on the stock in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $61.72.
Check Out Our Latest Stock Report on Spire
Spire Price Performance
SR traded up $0.13 during trading on Wednesday, hitting $61.92. The company's stock had a trading volume of 501,405 shares, compared to its average volume of 494,205. The firm's 50 day moving average price is $60.14 and its two-hundred day moving average price is $60.07. The company has a quick ratio of 0.43, a current ratio of 0.55 and a debt-to-equity ratio of 1.16. Spire has a 12 month low of $53.77 and a 12 month high of $69.99. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 2.84 and a beta of 0.51.
Spire (NYSE:SR - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.10. The firm had revenue of $756.60 million during the quarter, compared to the consensus estimate of $688.88 million. Spire had a return on equity of 8.27% and a net margin of 8.11%. The business's revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 EPS. Sell-side analysts forecast that Spire will post 4.34 earnings per share for the current fiscal year.
Spire Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 11th will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.88%. Spire's payout ratio is currently 81.40%.
Insider Transactions at Spire
In related news, Treasurer Adam W. Woodard sold 1,229 shares of Spire stock in a transaction on Friday, March 15th. The stock was sold at an average price of $59.58, for a total transaction of $73,223.82. Following the completion of the sale, the treasurer now directly owns 1,560 shares of the company's stock, valued at $92,944.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Spire news, Treasurer Adam W. Woodard sold 1,229 shares of the business's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $59.58, for a total value of $73,223.82. Following the completion of the transaction, the treasurer now directly owns 1,560 shares of the company's stock, valued at $92,944.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph B. Hampton sold 1,294 shares of the business's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $58.13, for a total value of $75,220.22. Following the completion of the transaction, the insider now directly owns 6,768 shares of the company's stock, valued at $393,423.84. The disclosure for this sale can be found here. 2.86% of the stock is currently owned by corporate insiders.
About Spire
(
Get Free Report)
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.
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