Zacks: Brokerages Expect Spire Inc. (NYSE:SR) to Post $2.99 Earnings Per Share


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Brokerages predict that Spire Inc. (NYSE:SR) will report earnings per share (EPS) of $2.99 for the current quarter, according to Zacks. Two analysts have issued estimates for Spire’s earnings. The lowest EPS estimate is $2.93 and the highest is $3.05. Spire posted earnings per share of $2.75 in the same quarter last year, which suggests a positive year-over-year growth rate of 8.7%. The company is scheduled to announce its next quarterly earnings report on Friday, May 14th.

According to Zacks, analysts expect that Spire will report full-year earnings of $4.15 per share for the current fiscal year, with EPS estimates ranging from $4.05 to $4.36. For the next year, analysts expect that the company will post earnings of $4.40 per share, with EPS estimates ranging from $4.30 to $4.55. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Spire.

Spire (NYSE:SR) last posted its quarterly earnings results on Thursday, February 4th. The utilities provider reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.10. Spire had a net margin of 4.76% and a return on equity of 8.88%. The business had revenue of $512.60 million for the quarter, compared to analysts’ expectations of $592.36 million. During the same period in the prior year, the company posted $1.33 EPS. The business’s revenue for the quarter was down 9.6% on a year-over-year basis.

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Spire from $70.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 25th. TheStreet upgraded shares of Spire from a “c+” rating to a “b” rating in a research report on Thursday, February 11th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $69.00 price objective (down from $70.00) on shares of Spire in a research report on Wednesday, March 10th. Credit Suisse Group boosted their price objective on shares of Spire from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Guggenheim upgraded shares of Spire from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Wednesday, January 20th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $72.56.

Shares of Spire stock traded up $0.43 on Friday, hitting $76.16. The company’s stock had a trading volume of 247,437 shares, compared to its average volume of 359,511. Spire has a 52-week low of $50.58 and a 52-week high of $79.20. The company has a quick ratio of 0.28, a current ratio of 0.41 and a debt-to-equity ratio of 1.06. The firm has a fifty day moving average price of $71.66 and a 200-day moving average price of $63.65. The company has a market capitalization of $3.93 billion, a P/E ratio of 52.16, a price-to-earnings-growth ratio of 0.91 and a beta of 0.19.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 2nd. Stockholders of record on Thursday, March 11th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Wednesday, March 10th. Spire’s dividend payout ratio is currently 69.15%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Spire during the 4th quarter valued at about $30,000. Birchcreek Wealth Management LLC acquired a new position in shares of Spire during the 4th quarter valued at about $38,000. Retirement Group LLC acquired a new position in shares of Spire during the 4th quarter valued at about $55,000. CI Investments Inc. increased its stake in shares of Spire by 67.1% during the 4th quarter. CI Investments Inc. now owns 894 shares of the utilities provider’s stock valued at $57,000 after acquiring an additional 359 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Spire by 63.9% during the 4th quarter. Signaturefd LLC now owns 1,034 shares of the utilities provider’s stock valued at $66,000 after acquiring an additional 403 shares during the last quarter. 78.08% of the stock is owned by institutional investors.

Spire Company Profile

Spire Inc, through 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 in two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

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