Spire (NYSE:SR) Updates FY 2025 Earnings Guidance

Spire (NYSE:SR - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.400-4.600 for the period, compared to the consensus EPS estimate of 4.560. The company issued revenue guidance of -. Spire also updated its FY25 guidance to $4.40-$4.60 EPS.

Spire Stock Performance

Shares of NYSE SR traded up $0.31 during midday trading on Wednesday, hitting $68.24. The company's stock had a trading volume of 161,182 shares, compared to its average volume of 414,274. The firm has a market cap of $3.94 billion, a P/E ratio of 16.14, a P/E/G ratio of 2.96 and a beta of 0.52. The firm's fifty day moving average price is $65.56 and its 200-day moving average price is $63.68. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.48. Spire has a 1-year low of $56.36 and a 1-year high of $68.35.

Spire Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Wednesday, December 11th will be issued a $3.14 dividend. This represents a $12.56 dividend on an annualized basis and a yield of 18.41%. This is an increase from Spire's previous quarterly dividend of $0.76. The ex-dividend date is Wednesday, December 11th. Spire's dividend payout ratio is presently 75.48%.

Analyst Ratings Changes

Several brokerages have issued reports on SR. Morgan Stanley boosted their target price on shares of Spire from $70.00 to $76.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Stifel Nicolaus increased their price target 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. Wells Fargo & Company upped their target price on Spire from $72.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. LADENBURG THALM/SH SH downgraded Spire from a "neutral" rating to a "sell" rating and lowered their price target for the company from $65.50 to $60.50 in a research report on Thursday, October 17th. Finally, Mizuho raised their price target on shares of Spire from $62.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $66.56.

Insider Buying and Selling

In related news, VP Gerard J. Gorla sold 500 shares of the stock in a transaction 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 sale, the vice president now owns 7,311 shares in the company, valued at approximately $473,899.02. This trade represents a 6.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.86% of the stock is owned by company insiders.

Spire Company Profile

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.