FY2021 EPS Estimates for Spire Inc (SR) Cut by Analyst

Spire Inc (NYSE:SR) – Equities research analysts at Gabelli cut their FY2021 EPS estimates for shares of Spire in a research report issued to clients and investors on Friday. Gabelli analyst T. Winter now forecasts that the utilities provider will post earnings per share of $4.25 for the year, down from their prior estimate of $4.30. Gabelli also issued estimates for Spire’s FY2022 earnings at $4.50 EPS.

Spire (NYSE:SR) last announced its earnings results on Thursday, February 1st. The utilities provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.13. The firm had revenue of $561.80 million for the quarter, compared to analyst estimates of $516.16 million. Spire had a net margin of 12.86% and a return on equity of 8.91%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 EPS.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Spire from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Wednesday, January 10th. JPMorgan Chase & Co. dropped their price objective on shares of Spire from $77.00 to $65.00 and set an “underweight” rating on the stock in a research note on Thursday, January 25th. Royal Bank of Canada reissued a “hold” rating and set a $73.00 price objective on shares of Spire in a research note on Monday, October 16th. Hilliard Lyons raised shares of Spire to a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus reissued a “hold” rating and set a $65.00 price objective on shares of Spire in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $72.00.

Shares of Spire (NYSE:SR) opened at $64.65 on Monday. Spire has a 52 week low of $62.33 and a 52 week high of $82.85. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.53 and a current ratio of 0.70. The company has a market cap of $3,125.45, a PE ratio of 17.06, a P/E/G ratio of 3.50 and a beta of 0.15.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Monday, March 12th will be paid a $0.563 dividend. This represents a $2.25 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, March 9th. This is an increase from Spire’s previous quarterly dividend of $0.56. Spire’s dividend payout ratio is currently 45.73%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. HL Financial Services LLC lifted its stake in shares of Spire by 106.5% in the fourth quarter. HL Financial Services LLC now owns 5,816 shares of the utilities provider’s stock worth $437,000 after buying an additional 3,000 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Spire during the fourth quarter valued at approximately $222,000. Dean Capital Investments Management LLC purchased a new position in shares of Spire during the fourth quarter valued at approximately $743,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Spire by 52.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,780 shares of the utilities provider’s stock valued at $209,000 after purchasing an additional 955 shares during the last quarter. Finally, Chicago Equity Partners LLC purchased a new position in shares of Spire during the fourth quarter valued at approximately $1,180,000. Hedge funds and other institutional investors own 80.47% 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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