Analysts expect that Spire Inc (NYSE:SR) will report earnings of ($0.52) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Spire’s earnings, with the lowest EPS estimate coming in at ($0.56) and the highest estimate coming in at ($0.50). Spire also reported earnings per share of ($0.52) in the same quarter last year. The company is expected to announce its next earnings report before the market opens on Wednesday, November 20th.
According to Zacks, analysts expect that Spire will report full-year earnings of $3.75 per share for the current year, with EPS estimates ranging from $3.71 to $3.78. For the next fiscal year, analysts forecast that the firm will report earnings of $3.86 per share, with EPS estimates ranging from $3.72 to $3.90. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Spire.
A number of brokerages have recently issued reports on SR. Wells Fargo & Co upped their price objective on shares of Spire from $89.00 to $90.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. ValuEngine cut shares of Spire from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of Spire from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $84.25.
In other news, EVP Steven P. Rasche acquired 1,825 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was bought at an average cost of $27.33 per share, with a total value of $49,877.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. boosted its position in Spire by 230.0% in the 2nd quarter. Invesco Ltd. now owns 735,142 shares of the utilities provider’s stock worth $61,693,000 after purchasing an additional 512,346 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Spire by 91.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 943,689 shares of the utilities provider’s stock worth $79,194,000 after acquiring an additional 451,810 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Spire by 25.2% during the 3rd quarter. First Trust Advisors LP now owns 533,745 shares of the utilities provider’s stock worth $46,564,000 after acquiring an additional 107,465 shares in the last quarter. Man Group plc boosted its stake in shares of Spire by 1,408.1% during the 2nd quarter. Man Group plc now owns 111,226 shares of the utilities provider’s stock worth $9,334,000 after acquiring an additional 103,851 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of Spire by 6.4% in the second quarter. Macquarie Group Ltd. now owns 1,294,291 shares of the utilities provider’s stock worth $108,618,000 after buying an additional 78,296 shares during the period. 79.10% of the stock is owned by institutional investors.
Shares of NYSE SR traded down $0.97 during mid-day trading on Friday, reaching $80.37. 5,593 shares of the company’s stock traded hands, compared to its average volume of 168,184. The stock has a market cap of $4.19 billion, a P/E ratio of 21.59, a PEG ratio of 3.89 and a beta of 0.15. The business has a 50-day simple moving average of $84.89 and a 200 day simple moving average of $84.31. Spire has a 1-year low of $70.53 and a 1-year high of $88.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.53 and a quick ratio of 0.40.
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 through two segments, Gas Utility and Gas Marketing. It is also involved in marketing 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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