Brokers Issue Forecasts for Spire's Q3 Earnings (NYSE:SR)

Spire Inc. (NYSE:SR - Free Report) - Research analysts at Zacks Research lowered their Q3 2026 earnings per share estimates for shares of Spire in a research report issued to clients and investors on Monday, March 24th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings per share of ($0.12) for the quarter, down from their prior estimate of ($0.10). The consensus estimate for Spire's current full-year earnings is $4.50 per share. Zacks Research also issued estimates for Spire's Q4 2026 earnings at ($0.49) EPS.

Several other brokerages also recently issued reports on SR. Bank of America started coverage on Spire in a research report on Friday, December 13th. They set a "neutral" rating and a $70.00 price objective for the company. JPMorgan Chase & Co. upgraded Spire from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $72.00 to $85.00 in a research report on Thursday, March 20th. StockNews.com cut shares of Spire from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Janney Montgomery Scott began coverage on shares of Spire in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $73.00 price objective for the company. Finally, LADENBURG THALM/SH SH raised shares of Spire to a "strong-buy" rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Spire currently has an average rating of "Hold" and an average price target of $76.00.

Remove Ads

Spire Price Performance

NYSE SR traded down $0.18 during mid-day trading on Thursday, hitting $78.03. The stock had a trading volume of 62,642 shares, compared to its average volume of 418,403. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 2.82 and a beta of 0.53. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 1.21. Spire has a 52-week low of $57.27 and a 52-week high of $79.11. The company has a 50 day simple moving average of $74.24 and a 200 day simple moving average of $69.61.

Spire (NYSE:SR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.08). Spire had a return on equity of 7.88% and a net margin of 9.70%.

Institutional Trading of Spire

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Intech Investment Management LLC purchased a new stake in Spire during the third quarter worth approximately $790,000. Charles Schwab Investment Management Inc. increased its holdings in Spire by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 805,932 shares of the utilities provider's stock valued at $54,231,000 after purchasing an additional 36,214 shares in the last quarter. Larson Financial Group LLC raised its position in Spire by 1,318.4% in the third quarter. Larson Financial Group LLC now owns 539 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 501 shares during the period. FMR LLC lifted its stake in shares of Spire by 10.0% during the third quarter. FMR LLC now owns 5,547 shares of the utilities provider's stock worth $373,000 after purchasing an additional 502 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Spire by 18.8% during the third quarter. BNP Paribas Financial Markets now owns 16,034 shares of the utilities provider's stock worth $1,079,000 after purchasing an additional 2,542 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.

Spire Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 11th will be paid a $0.785 dividend. This represents a $3.14 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Tuesday, March 11th. Spire's dividend payout ratio is currently 76.03%.

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.