Shares of Spire Inc. (NYSE:SR – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $77.20.
SR has been the topic of several analyst reports. Guggenheim increased their price target on shares of Spire from $67.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 1st. LADENBURG THALM/SH SH upgraded shares of Spire to a “strong-buy” rating in a report on Friday, May 9th. JPMorgan Chase & Co. lowered their target price on shares of Spire from $85.00 to $83.00 and set an “overweight” rating for the company in a research note on Wednesday, May 28th. Wall Street Zen raised shares of Spire from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. Finally, Wells Fargo & Company lifted their price target on shares of Spire from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st.
Get Our Latest Research Report on Spire
Institutional Inflows and Outflows
Spire Stock Down 0.0%
Shares of SR opened at $73.20 on Friday. Spire has a 12 month low of $57.77 and a 12 month high of $79.81. The firm’s 50 day moving average is $75.07 and its 200-day moving average is $73.13. The stock has a market capitalization of $4.32 billion, a PE ratio of 17.72, a P/E/G ratio of 2.82 and a beta of 0.63. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 1.21.
Spire (NYSE:SR – Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.70 by ($0.10). The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.15 billion. Spire had a return on equity of 7.88% and a net margin of 9.70%. The business’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.45 EPS. Equities research analysts forecast that Spire will post 4.5 EPS for the current year.
Spire Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, April 11th will be paid a $0.785 dividend. This represents a $3.14 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Wednesday, June 11th. Spire’s payout ratio is 77.34%.
About Spire
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.
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