Zacks: Analysts Expect Spire Inc. (SR) to Announce -$0.29 EPS
Analysts forecast that Spire Inc. (NYSE:SR) will announce earnings per share (EPS) of ($0.29) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Spire’s earnings, with the highest EPS estimate coming in at ($0.23) and the lowest estimate coming in at ($0.32). Spire posted earnings of ($0.32) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.4%. The business is expected to report its next quarterly earnings results before the market opens on Wednesday, November 15th.
On average, analysts expect that Spire will report full-year earnings of $3.56 per share for the current year, with EPS estimates ranging from $3.55 to $3.58. For the next financial year, analysts expect that the business will report earnings of $3.70 per share, with EPS estimates ranging from $3.59 to $3.78. Zacks Investment Research’s EPS calculations 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 Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.05. Spire had a net margin of 9.12% and a return on equity of 8.77%. The company had revenue of $323.50 million for the quarter, compared to the consensus estimate of $293.99 million. During the same period last year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 29.8% on a year-over-year basis.
A number of equities research analysts have weighed in on the stock. 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. Royal Bank Of Canada reiterated a “hold” rating and set a $73.00 price target on shares of Spire in a research note on Monday, October 16th. 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, October 12th. Zacks Investment Research upgraded shares of Spire from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research note on Wednesday, October 4th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $71.00 target price 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 assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $73.57.
Shares of Spire (NYSE:SR) opened at 78.95 on Wednesday. The company has a 50 day moving average of $76.04 and a 200-day moving average of $72.98. The firm has a market cap of $3.81 billion, a PE ratio of 22.81 and a beta of 0.32. Spire has a 12-month low of $59.70 and a 12-month high of $79.35.
Several large investors have recently modified their holdings of SR. UBS Asset Management Americas Inc. boosted its stake in shares of Spire by 65.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 37,182 shares of the utilities provider’s stock valued at $2,510,000 after purchasing an additional 14,738 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Spire by 2.4% in the 1st quarter. Teachers Advisors LLC now owns 82,235 shares of the utilities provider’s stock valued at $5,551,000 after purchasing an additional 1,907 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Spire by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 4,219,000 shares of the utilities provider’s stock valued at $284,783,000 after purchasing an additional 216,388 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Spire by 8.9% in the 1st quarter. Geode Capital Management LLC now owns 358,153 shares of the utilities provider’s stock valued at $24,175,000 after purchasing an additional 29,292 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Spire by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 891,803 shares of the utilities provider’s stock valued at $60,196,000 after purchasing an additional 5,863 shares in the last quarter. Institutional investors own 79.55% of the company’s stock.
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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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