Spire (SR) Set to Announce Earnings on Wednesday

Spire (NYSE:SR) is scheduled to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Spire to post earnings of $3.84 per share for the quarter. Spire has set its FY24 guidance at $4.25-4.45 EPS and its FY 2024 guidance at 4.250-4.450 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Spire (NYSE:SR) last announced its earnings results on Thursday, February 1st. The utilities provider reported $1.47 EPS for the quarter, beating the consensus estimate of $1.37 by $0.10. Spire had a return on equity of 8.27% and a net margin of 8.11%. The company had revenue of $756.60 million for the quarter, compared to analyst estimates of $688.88 million. During the same quarter in the prior year, the company earned $1.55 EPS. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, analysts expect Spire to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Spire Stock Down 0.3 %

Shares of Spire stock opened at $61.17 on Wednesday. The stock’s 50-day moving average is $59.87 and its 200 day moving average is $59.93. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 2.80 and a beta of 0.51. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.55 and a quick ratio of 0.43. Spire has a one year low of $53.77 and a one year high of $70.24.

Spire Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Monday, March 11th were issued a $0.755 dividend. The ex-dividend date was Friday, March 8th. This represents a $3.02 annualized dividend and a yield of 4.94%. Spire’s payout ratio is currently 81.40%.

Insider Activity

In other news, Treasurer Adam W. Woodard sold 1,229 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $59.58, for a total value of $73,223.82. Following the transaction, the treasurer now owns 1,560 shares in the company, valued at $92,944.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Joseph B. Hampton sold 1,294 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $58.13, for a total transaction of $75,220.22. Following the completion of the sale, the insider now directly owns 6,768 shares of the company’s stock, valued at $393,423.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Adam W. Woodard sold 1,229 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $59.58, for a total value of $73,223.82. Following the sale, the treasurer now directly owns 1,560 shares of the company’s stock, valued at $92,944.80. The disclosure for this sale can be found here. Corporate insiders own 2.86% of the company’s stock.

Wall Street Analysts Forecast Growth

SR has been the topic of several recent research reports. Mizuho cut their price target on Spire from $66.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, January 22nd. UBS Group initiated coverage on Spire in a report on Friday, April 12th. They issued a “buy” rating and a $68.00 price target on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $65.00 price target on shares of Spire in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Spire has an average rating of “Hold” and a consensus target price of $62.25.

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.