Research Analysts Set Expectations for Spire Q1 Earnings

Spire Inc. (NYSE:SR - Free Report) - Research analysts at Zacks Research reduced their Q1 2025 earnings per share estimates for shares of Spire in a report issued on Monday, October 21st. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $1.37 per share for the quarter, down from their prior forecast of $1.38. The consensus estimate for Spire's current full-year earnings is $4.23 per share. Zacks Research also issued estimates for Spire's Q2 2025 earnings at $3.63 EPS.

Spire (NYSE:SR - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.04. The business had revenue of $414.10 million for the quarter, compared to analysts' expectations of $313.86 million. Spire had a return on equity of 8.10% and a net margin of 9.40%. Spire's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.42) EPS.

Several other brokerages have also recently commented on SR. Wells Fargo & Company increased their target price on shares of Spire from $72.00 to $73.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Stifel Nicolaus increased their price objective on shares of Spire from $64.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, August 1st. LADENBURG THALM/SH SH cut Spire from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $65.50 to $60.50 in a report on Thursday, October 17th. Finally, Morgan Stanley upped their target price on Spire from $70.00 to $76.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $66.19.

Spire Stock Down 0.8 %

Shares of SR traded down $0.54 during midday trading on Wednesday, hitting $65.85. The stock had a trading volume of 428,207 shares, compared to its average volume of 421,598. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 2.84 and a beta of 0.52. The company has a 50 day simple moving average of $65.69 and a two-hundred day simple moving average of $63.03. Spire has a twelve month low of $54.15 and a twelve month high of $68.02. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.48 and a quick ratio of 0.35.

Institutional Trading of Spire

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Spire by 1.2% during the first quarter. Vanguard Group Inc. now owns 5,626,863 shares of the utilities provider's stock worth $345,321,000 after buying an additional 65,486 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Spire by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 944,387 shares of the utilities provider's stock valued at $57,351,000 after acquiring an additional 72,119 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Spire by 11.0% during the 2nd quarter. Victory Capital Management Inc. now owns 698,819 shares of the utilities provider's stock valued at $42,439,000 after acquiring an additional 69,020 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Spire by 1.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 644,525 shares of the utilities provider's stock worth $39,142,000 after acquiring an additional 10,562 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Spire by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 501,852 shares of the utilities provider's stock worth $30,477,000 after purchasing an additional 2,598 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Gerard J. Gorla sold 500 shares of the business's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $64.82, for a total value of $32,410.00. Following the completion of the sale, the vice president now directly owns 7,311 shares in the company, valued at approximately $473,899.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Gerard J. Gorla sold 500 shares of the business's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $64.82, for a total value of $32,410.00. Following the completion of the transaction, the vice president now owns 7,311 shares of the company's stock, valued at $473,899.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Maria V. Fogarty sold 6,590 shares of the company's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $65.15, for a total transaction of $429,338.50. Following the sale, the director now directly owns 9,800 shares of the company's stock, valued at $638,470. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.86% of the company's stock.

Spire Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th were given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date was Wednesday, September 11th. Spire's dividend payout ratio is 76.26%.

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.