Spire (NYSE:SR) Issues FY25 Earnings Guidance

Spire (NYSE:SR - Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.40-$4.60 for the period, compared to the consensus earnings per share estimate of $4.55. Spire also updated its FY 2025 guidance to 4.400-4.600 EPS.

Wall Street Analysts Forecast Growth

SR has been the subject of several recent analyst reports. LADENBURG THALM/SH SH cut shares of Spire from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $65.50 to $60.50 in a report on Thursday, October 17th. Wells Fargo & Company boosted their target price on shares of Spire from $72.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Morgan Stanley raised their target price on Spire from $70.00 to $76.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Mizuho increased 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. Finally, Stifel Nicolaus boosted their price target on shares of Spire from $64.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $66.56.

Spire Stock Performance

SR stock traded up $0.45 during trading on Wednesday, reaching $68.39. 326,499 shares of the stock were exchanged, compared to its average volume of 415,009. The stock has a 50 day simple moving average of $65.56 and a 200-day simple moving average of $63.68. The company has a current ratio of 0.48, a quick ratio of 0.35 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $3.95 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 2.96 and a beta of 0.52. Spire has a twelve month low of $56.36 and a twelve month high of $68.44.

Spire Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 11th will be given a $3.14 dividend. This is a boost from Spire's previous quarterly dividend of $0.76. This represents a $12.56 annualized dividend and a yield of 18.37%. The ex-dividend date of this dividend is Wednesday, December 11th. Spire's dividend payout ratio (DPR) is 75.48%.

Insider Buying and Selling at Spire

In related news, VP Gerard J. Gorla sold 500 shares of the business's 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 of the company's stock, valued at $473,899.02. The trade was a 6.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.86% of the company's stock.

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.