Zacks: Analysts Expect Spire Inc. (SR) to Post -$0.29 Earnings Per Share

Equities research analysts expect Spire Inc. (NYSE:SR) to report earnings per share (EPS) of ($0.29) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Spire’s earnings. The highest EPS estimate is ($0.23) and the lowest is ($0.32). Spire reported earnings of ($0.32) per share during the same quarter last year, which would indicate a positive year over year growth rate of 9.4%. The company is scheduled to report its next earnings results before the market opens on Wednesday, November 15th.

According to Zacks, analysts expect that Spire will report full-year earnings of $3.57 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.58. For the next year, analysts anticipate that the firm will post earnings of $3.70 per share, with EPS estimates ranging from $3.59 to $3.78. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Spire.

Spire (NYSE:SR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. The firm had revenue of $323.50 million during the quarter, compared to the consensus estimate of $293.99 million. Spire had a net margin of 9.12% and a return on equity of 8.77%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share.

A number of equities analysts recently commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and set a $73.00 price target on shares of Spire in a research note on Monday. J P Morgan Chase & Co lifted their price target on shares of Spire from $71.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday. Zacks Investment Research raised shares of Spire from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Wednesday, October 4th. Morgan Stanley lifted their price target on shares of Spire from $73.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, September 8th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $71.00 price target on shares of Spire in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $73.57.

Spire (NYSE:SR) opened at 75.90 on Friday. The stock’s 50 day moving average is $75.77 and its 200 day moving average is $72.21. The company has a market capitalization of $3.66 billion, a P/E ratio of 21.93 and a beta of 0.32. Spire has a 52 week low of $59.70 and a 52 week high of $78.00.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Monday, September 11th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $2.10 dividend on an annualized basis and a yield of 2.77%. Spire’s payout ratio is 60.17%.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Spire by 3.3% during the 2nd quarter. BlackRock Inc. now owns 5,901,195 shares of the utilities provider’s stock valued at $411,607,000 after buying an additional 188,507 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Spire by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 4,443,903 shares of the utilities provider’s stock valued at $309,962,000 after buying an additional 224,903 shares in the last quarter. American Century Companies Inc. lifted its holdings in Spire by 124.9% during the 2nd quarter. American Century Companies Inc. now owns 3,475,470 shares of the utilities provider’s stock valued at $242,414,000 after buying an additional 1,930,140 shares in the last quarter. State Street Corp lifted its holdings in Spire by 5.7% during the 2nd quarter. State Street Corp now owns 1,236,031 shares of the utilities provider’s stock valued at $86,214,000 after buying an additional 67,106 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Spire by 13.2% during the 2nd quarter. Northern Trust Corp now owns 1,051,175 shares of the utilities provider’s stock valued at $73,319,000 after buying an additional 122,444 shares in the last quarter. Institutional investors own 78.87% of the company’s stock.

Spire Company Profile

Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.

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