Spire (NYSE:SR) Releases FY 2025 Earnings Guidance

Spire (NYSE:SR - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.400-4.600 for the period, compared to the consensus EPS estimate of 4.500. The company issued revenue guidance of -.

Spire Trading Down 0.8 %

Shares of NYSE SR traded down $0.60 during midday trading on Monday, reaching $75.88. 90,035 shares of the stock were exchanged, compared to its average volume of 389,735. The stock has a 50 day moving average price of $76.56 and a 200-day moving average price of $71.60. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $4.43 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.82 and a beta of 0.56. Spire has a 52-week low of $57.77 and a 52-week high of $79.81.

Spire (NYSE:SR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $3.60 EPS for the quarter, missing the consensus estimate of $3.70 by ($0.10). Spire had a net margin of 9.70% and a return on equity of 7.88%. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter last year, the firm earned $3.45 EPS. The firm's quarterly revenue was down 6.8% compared to the same quarter last year. Equities research analysts expect that Spire will post 4.5 earnings per share for the current fiscal year.

Spire Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, April 11th will be paid a $0.785 dividend. This represents a $3.14 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Wednesday, June 11th. Spire's dividend payout ratio is currently 76.03%.

Analyst Ratings Changes

SR has been the subject of several research reports. Guggenheim boosted 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. Wells Fargo & Company increased their price target on Spire from $75.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday. JPMorgan Chase & Co. upgraded Spire from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $72.00 to $85.00 in a research note on Thursday, March 20th. Mizuho increased their target price on Spire from $76.00 to $82.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. Finally, Morgan Stanley boosted their price target on Spire from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $77.40.

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.