Brokers Set Expectations for Spire’s Q3 Earnings (NYSE:SR)

Spire Inc. (NYSE:SR) – Equities researchers at Zacks Research reduced their Q3 2027 earnings per share estimates for Spire in a note issued to investors on Thursday, January 15th. Zacks Research analyst Team now anticipates that the utilities provider will earn $0.26 per share for the quarter, down from their previous forecast of $0.30. The consensus estimate for Spire’s current full-year earnings is $4.50 per share. Zacks Research also issued estimates for Spire’s FY2027 earnings at $5.60 EPS, Q1 2028 earnings at $1.82 EPS and FY2028 earnings at $5.96 EPS.

Spire (NYSE:SR) last announced its earnings results on Friday, November 14th. The utilities provider reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.01). Spire had a net margin of 10.96% and a return on equity of 8.78%. The firm had revenue of $334.10 million during the quarter, compared to analyst estimates of $439.56 million. During the same period in the previous year, the firm posted ($0.54) EPS. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. Spire has set its FY 2027 guidance at 5.650-5.850 EPS and its FY 2026 guidance at 5.250-5.450 EPS.

A number of other equities research analysts have also recently weighed in on the company. Morgan Stanley set a $97.00 price target on Spire in a report on Thursday, November 20th. BTIG Research upgraded Spire to a “strong-buy” rating in a research report on Wednesday, October 22nd. Bank of America upgraded Spire from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $76.00 to $89.00 in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Spire in a research note on Monday, December 29th. Finally, Mizuho lifted their price objective on shares of Spire from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Spire has an average rating of “Moderate Buy” and an average price target of $88.55.

Spire Stock Up 0.7%

SR stock opened at $83.56 on Friday. Spire has a one year low of $68.48 and a one year high of $91.11. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.21 and a current ratio of 0.32. The stock has a market capitalization of $4.94 billion, a P/E ratio of 18.99, a PEG ratio of 1.50 and a beta of 0.67. The company has a 50 day moving average price of $84.38 and a two-hundred day moving average price of $80.86.

Institutional Trading of Spire

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MBM Wealth Consultants LLC grew its position in Spire by 2.6% in the third quarter. MBM Wealth Consultants LLC now owns 5,507 shares of the utilities provider’s stock worth $449,000 after buying an additional 140 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Spire by 0.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,461 shares of the utilities provider’s stock worth $1,274,000 after acquiring an additional 146 shares in the last quarter. Intrua Financial LLC grew its holdings in shares of Spire by 4.6% in the 3rd quarter. Intrua Financial LLC now owns 3,399 shares of the utilities provider’s stock worth $277,000 after acquiring an additional 148 shares during the last quarter. Inspire Investing LLC raised its position in shares of Spire by 2.8% during the third quarter. Inspire Investing LLC now owns 5,590 shares of the utilities provider’s stock worth $456,000 after purchasing an additional 150 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Spire by 0.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 25,636 shares of the utilities provider’s stock valued at $1,871,000 after purchasing an additional 152 shares during the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Spire Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Thursday, December 11th were paid a $0.825 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $3.30 annualized dividend and a dividend yield of 3.9%. This is an increase from Spire’s previous quarterly dividend of $0.79. Spire’s dividend payout ratio is presently 75.00%.

About Spire

Spire Inc (NYSE: SR), formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire’s service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.