Spire (SR) Updates FY 2019 Earnings Guidance

Spire (NYSE:SR) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.70-3.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.73.

A number of equities analysts have recently issued reports on the stock. Credit Suisse Group increased their price objective on shares of Spire from $71.00 to $74.00 and gave the company a neutral rating in a research note on Monday, November 19th. ValuEngine upgraded shares of Spire from a hold rating to a buy rating in a research note on Monday, November 12th. JPMorgan Chase & Co. set a $72.00 price objective on shares of Spire and gave the company a sell rating in a research note on Tuesday, October 9th. Zacks Investment Research upgraded shares of Spire from a hold rating to a buy rating and set a $82.00 price objective for the company in a research note on Tuesday, January 1st. Finally, Morgan Stanley dropped their price objective on shares of Spire from $77.00 to $73.00 and set a sell rating for the company in a research note on Monday, October 29th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Spire presently has an average rating of Hold and an average target price of $75.75.

SR opened at $78.76 on Wednesday. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 5.33 and a beta of 0.22. The company has a quick ratio of 0.34, a current ratio of 0.50 and a debt-to-equity ratio of 0.84. Spire has a 1-year low of $60.08 and a 1-year high of $81.13.

Spire (NYSE:SR) last issued its earnings results on Thursday, November 15th. The utilities provider reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.07. The company had revenue of $239.20 million for the quarter, compared to analyst estimates of $237.31 million. Spire had a net margin of 10.90% and a return on equity of 8.35%. As a group, equities research analysts forecast that Spire will post 3.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Monday, March 11th will be paid a $0.5925 dividend. This represents a $2.37 annualized dividend and a dividend yield of 3.01%. Spire’s dividend payout ratio (DPR) is presently 63.71%.

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Spire Company Profile

Spire Inc, through 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 two segments, Gas Utility and Gas Marketing. It is also involved in marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

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