FY2024 Earnings Forecast for Spire Issued By Zacks Research

Spire Inc. (NYSE:SR - Free Report) - Equities research analysts at Zacks Research decreased their FY2024 EPS estimates for Spire in a research note issued on Monday, November 4th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings per share of $4.22 for the year, down from their prior estimate of $4.23. The consensus estimate for Spire's current full-year earnings is $4.20 per share. Zacks Research also issued estimates for Spire's FY2025 earnings at $4.53 EPS, Q1 2026 earnings at $1.47 EPS and FY2026 earnings at $4.86 EPS.

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

Spire Stock Up 3.6 %

NYSE SR traded up $2.29 on Wednesday, reaching $65.09. The company had a trading volume of 575,100 shares, compared to its average volume of 396,818. The company has a quick ratio of 0.35, a current ratio of 0.48 and a debt-to-equity ratio of 1.11. The company's fifty day moving average is $65.52 and its 200 day moving average is $63.38. Spire has a 52-week low of $56.36 and a 52-week high of $68.02. The stock has a market capitalization of $3.76 billion, a P/E ratio of 15.65, a P/E/G ratio of 2.75 and a beta of 0.52.

Insider Activity at Spire

In other news, VP Gerard J. Gorla sold 500 shares of Spire 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.86% of the stock is owned by company insiders.

Hedge Funds Weigh In On Spire

A number of large investors have recently modified their holdings of SR. Blue Trust Inc. lifted its holdings in shares of Spire by 26.8% during the 2nd quarter. Blue Trust Inc. now owns 761 shares of the utilities provider's stock worth $47,000 after acquiring an additional 161 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Spire by 5.2% during the third quarter. Crossmark Global Holdings Inc. now owns 3,572 shares of the utilities provider's stock valued at $240,000 after purchasing an additional 177 shares in the last quarter. Creative Planning boosted its holdings in shares of Spire by 2.7% in the 3rd quarter. Creative Planning now owns 7,126 shares of the utilities provider's stock worth $480,000 after purchasing an additional 190 shares in the last quarter. Missouri Trust & Investment Co boosted its holdings in shares of Spire by 28.6% in the 3rd quarter. Missouri Trust & Investment Co now owns 900 shares of the utilities provider's stock worth $61,000 after purchasing an additional 200 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its position in shares of Spire by 4.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,327 shares of the utilities provider's stock valued at $358,000 after purchasing an additional 228 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors.

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.