Spire (NYSE:SR) Releases 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) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 4.400-4.60 for the period, compared to the consensus EPS estimate of 4.494. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Morgan Stanley reissued an "underperform" rating on shares of Spire in a report on Wednesday, June 18th. LADENBURG THALM/SH SH raised shares of Spire to a "strong-buy" rating in a report on Friday, May 9th. Wells Fargo & Company raised their target price on shares of Spire from $75.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Stifel Nicolaus set a $81.00 target price on shares of Spire and gave the stock a "hold" rating in a research report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Spire from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $78.60.

Spire Stock Performance

NYSE:SR traded up $0.33 during midday trading on Friday, reaching $76.03. The stock had a trading volume of 496,052 shares, compared to its average volume of 597,294. The firm has a fifty day simple moving average of $74.36 and a two-hundred day simple moving average of $74.76. Spire has a 12-month low of $61.56 and a 12-month high of $79.81. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.08. The stock has a market cap of $4.49 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.37 and a beta of 0.66.

Spire (NYSE:SR - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $417.27 million. Spire had a net margin of 11.56% and a return on equity of 8.66%. Spire's quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted ($0.14) EPS. On average, equities analysts expect that Spire will post 4.5 EPS for the current year.

Spire Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given 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 payout ratio is presently 67.82%.

Institutional Investors Weigh In On Spire

An institutional investor recently raised its position in Spire stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Spire Inc. (NYSE:SR - Free Report) by 10.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 212,438 shares of the utilities provider's stock after purchasing an additional 19,373 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.36% of Spire worth $16,623,000 at the end of the most recent reporting period. Hedge funds and other 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.