Zacks Research Issues Positive Estimate for Spire Earnings

Spire Inc. (NYSE:SR - Free Report) - Stock analysts at Zacks Research upped their Q3 2026 earnings per share estimates for shares of Spire in a report issued on Tuesday, June 10th. Zacks Research analyst R. Department now expects that the utilities provider will earn ($0.07) per share for the quarter, up from their previous forecast of ($0.08). The consensus estimate for Spire's current full-year earnings is $4.50 per share. Zacks Research also issued estimates for Spire's Q4 2026 earnings at ($0.29) EPS, Q1 2027 earnings at $1.74 EPS and Q2 2027 earnings at $3.89 EPS.

Other analysts also recently issued reports about the company. LADENBURG THALM/SH SH raised Spire to a "strong-buy" rating in a research note on Friday, May 9th. Morgan Stanley boosted their target price on shares of Spire from $75.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Mizuho raised their price objective on Spire from $76.00 to $82.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. 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. Finally, Guggenheim increased their target price on Spire from $67.00 to $72.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Seven analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Spire has a consensus rating of "Hold" and an average price target of $77.20.

Spire Stock Down 1.6%

Shares of SR stock traded down $1.15 during trading hours on Friday, reaching $72.16. 342,844 shares of the stock were exchanged, compared to its average volume of 403,311. Spire has a 12-month low of $57.77 and a 12-month high of $79.81. The business's fifty day moving average is $75.06 and its two-hundred day moving average is $73.13. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.50 and a quick ratio of 0.37. The firm has a market capitalization of $4.26 billion, a P/E ratio of 17.47, a P/E/G ratio of 2.82 and a beta of 0.63.

Spire (NYSE:SR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $3.60 earnings per share for the quarter, missing analysts' consensus estimates of $3.70 by ($0.10). Spire had a return on equity of 7.88% and a net margin of 9.70%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm posted $3.45 earnings per share. The business's revenue was down 6.8% compared to the same quarter last year.

Institutional Investors Weigh In On Spire

A number of institutional investors have recently added to or reduced their stakes in SR. Vanguard Group Inc. grew its holdings in Spire by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 6,168,221 shares of the utilities provider's stock worth $418,390,000 after acquiring an additional 46,434 shares during the period. Wellington Management Group LLP grew its stake in Spire by 29.0% during the fourth quarter. Wellington Management Group LLP now owns 1,022,870 shares of the utilities provider's stock worth $69,381,000 after purchasing an additional 229,662 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Spire by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,002,938 shares of the utilities provider's stock valued at $68,028,000 after acquiring an additional 15,835 shares during the period. Nuveen LLC acquired a new position in shares of Spire during the first quarter valued at about $73,254,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Spire during the first quarter valued at about $69,889,000. 87.36% of the stock is owned by institutional investors.

Spire Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, April 11th will be issued a $0.785 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 4.35%. Spire's dividend payout ratio (DPR) is currently 77.34%.

About Spire

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.