Spire (NYSE:SR) Updates FY 2025 Earnings Guidance

Key Points

• Spire has updated its FY 2025 earnings guidance, projecting earnings per share between 4.400 and 4.60, slightly above the consensus estimate of 4.494.
• The company's recent quarterly earnings surpassed expectations, reporting $0.01 EPS against a consensus estimate of (0.09), and revenue of $421.90 million.
• Spire's upcoming dividend of $0.785 will be paid on October 2nd, representing an annual yield of 4.2% with a payout ratio of 77.34%.

Spire (NYSE:SR - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.400-4.60 for the period, compared to the consensus estimate of 4.494. The company issued revenue guidance of -.

Spire Price Performance

NYSE:SR traded up $0.33 during trading hours on Friday, reaching $76.03. The company had a trading volume of 496,052 shares, compared to its average volume of 597,294. The stock has a 50-day moving average of $74.36 and a two-hundred day moving average of $74.80. Spire has a one year low of $61.56 and a one year high of $79.81. The firm has a market capitalization of $4.49 billion, a PE ratio of 16.42, a PEG ratio of 2.38 and a beta of 0.66. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.08.

Spire (NYSE:SR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.10. The firm had revenue of $421.90 million for the quarter, compared to analysts' expectations of $417.27 million. Spire had a return on equity of 8.66% and a net margin of 11.56%. The business's revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.14) earnings per share. Analysts forecast that Spire will post 4.5 earnings per share for the current year.

Spire Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.785 per share. This represents a $3.14 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, September 11th. Spire's dividend payout ratio is presently 67.82%.

Analyst Ratings Changes

SR has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their target price on Spire from $85.00 to $83.00 and set an "overweight" rating on the stock in a report on Wednesday, May 28th. Wells Fargo & Company increased their target price on Spire from $75.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. LADENBURG THALM/SH SH upgraded Spire to a "strong-buy" rating in a report on Friday, May 9th. Morgan Stanley restated an "underperform" rating on shares of Spire in a report on Wednesday, June 18th. Finally, Stifel Nicolaus set a $81.00 price target on Spire and gave the company a "hold" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $78.60.

Hedge Funds Weigh In On Spire

An institutional investor recently bought a new position in Spire stock. Jane Street Group LLC purchased a new position in shares of Spire Inc. (NYSE:SR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 123,147 shares of the utilities provider's stock, valued at approximately $9,636,000. Jane Street Group LLC owned 0.21% of Spire at the end of the most recent reporting period. Institutional investors own 87.36% of the company's stock.

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.