What is Zacks Research’s Estimate for Spire FY2024 Earnings?

Spire Inc. (NYSE:SR) – Equities research analysts at Zacks Research reduced their FY2024 earnings per share estimates for shares of Spire in a research report issued on Monday, November 4th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $4.22 for the year, down from their prior estimate of $4.23. The consensus estimate for Spire’s current full-year earnings is $4.20 per share. Zacks Research also issued estimates for Spire’s FY2025 earnings at $4.53 EPS, Q1 2026 earnings at $1.47 EPS and FY2026 earnings at $4.86 EPS.

Several other equities research analysts have also weighed in on SR. Wells Fargo & Company raised their price objective on Spire from $72.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Stifel Nicolaus raised their price objective on Spire from $64.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Morgan Stanley raised their price objective on Spire from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Finally, LADENBURG THALM/SH SH lowered Spire from a “neutral” rating to a “sell” rating and reduced their target price for the company from $65.50 to $60.50 in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $66.19.

Spire Stock Performance

SR opened at $62.81 on Wednesday. The firm has a market cap of $3.63 billion, a PE ratio of 15.10, a P/E/G ratio of 2.76 and a beta of 0.52. The company has a quick ratio of 0.35, a current ratio of 0.48 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $65.52 and a 200-day simple moving average of $63.37. Spire has a fifty-two week low of $56.36 and a fifty-two week high of $68.02.

Insider Activity

In other news, VP Gerard J. Gorla sold 500 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $64.82, for a total value of $32,410.00. Following the completion of the sale, the vice president now owns 7,311 shares in the company, valued at $473,899.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.86% of the company’s stock.

Institutional Trading of Spire

Several hedge funds and other institutional investors have recently modified their holdings of SR. International Assets Investment Management LLC purchased a new stake in shares of Spire during the second quarter worth $31,000. LRI Investments LLC purchased a new stake in shares of Spire during the first quarter worth $35,000. Fidelis Capital Partners LLC bought a new position in Spire during the first quarter valued at about $37,000. EntryPoint Capital LLC bought a new position in Spire during the first quarter valued at about $47,000. Finally, Blue Trust Inc. raised its holdings in Spire by 26.8% during the second quarter. Blue Trust Inc. now owns 761 shares of the utilities provider’s stock valued at $47,000 after buying an additional 161 shares in the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

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.