Spire (SR) Scheduled to Post Earnings on Wednesday

Spire (NYSE:SR) is set to post its quarterly earnings results 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.Individual that wish to register for the company’s earnings conference call can do so using this link.

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

Spire Price Performance

NYSE SR opened at $61.63 on Tuesday. Spire has a 1 year low of $53.77 and a 1 year high of $69.99. The company has a fifty day simple moving average of $60.06 and a 200 day simple moving average of $60.03. The company has a current ratio of 0.55, a quick ratio of 0.43 and a debt-to-equity ratio of 1.16. The company has a market cap of $3.39 billion, a P/E ratio of 16.61, a P/E/G ratio of 2.83 and a beta of 0.51.

Spire Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 11th will be issued a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Tuesday, June 11th. Spire’s dividend payout ratio (DPR) is 81.40%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SR shares. Mizuho dropped their price objective on Spire from $66.00 to $64.00 and set a “buy” rating on the stock in a research note on Monday, January 22nd. LADENBURG THALM/SH SH started coverage on Spire in a report on Friday. They set a “neutral” rating and a $57.50 price target for the company. UBS Group initiated coverage on Spire in a research report on Friday, April 12th. They issued a “buy” rating and a $68.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $65.00 target price on shares of Spire in a research report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Spire presently has an average rating of “Hold” and a consensus price target of $61.72.

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.