Zacks Research Issues Negative Outlook for Spire Earnings

Spire Inc. (NYSE:SR - Free Report) - Equities researchers at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for Spire in a research note issued on Monday, November 4th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of ($0.56) per share for the quarter, down from their prior estimate of ($0.55). The consensus estimate for Spire's current full-year earnings is $4.20 per share. Zacks Research also issued estimates for Spire's Q1 2025 earnings at $1.38 EPS, Q3 2025 earnings at ($0.10) EPS and Q4 2025 earnings at ($0.37) EPS.

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

Spire Trading Down 1.8 %

Spire stock traded down $1.15 during trading hours on Thursday, reaching $63.94. 270,111 shares of the company's stock traded hands, compared to its average volume of 417,022. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 2.75 and a beta of 0.52. 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 fifty-two week low of $56.36 and a fifty-two week high of $68.02. The firm's 50 day moving average is $65.49 and its 200-day moving average is $63.38.

Insider Activity

In other Spire news, VP Gerard J. Gorla sold 500 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $64.82, for a total transaction of $32,410.00. Following the completion of the transaction, the vice president now owns 7,311 shares in the company, valued at approximately $473,899.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.86% of the company's stock.

Hedge Funds Weigh In On Spire

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Spire by 1.2% in the first quarter. Vanguard Group Inc. now owns 5,626,863 shares of the utilities provider's stock valued at $345,321,000 after acquiring an additional 65,486 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Spire by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 944,387 shares of the utilities provider's stock valued at $57,351,000 after purchasing an additional 72,119 shares in the last quarter. Victory Capital Management Inc. increased its position 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 worth $42,439,000 after purchasing an additional 69,020 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Spire by 0.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 646,206 shares of the utilities provider's stock worth $43,483,000 after purchasing an additional 1,681 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Spire by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 501,852 shares of the utilities provider's stock valued at $30,477,000 after buying an additional 2,598 shares during the last quarter. 87.36% of the stock is owned by institutional investors.

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.