Spire (NYSE:SR) Updates FY 2025 Earnings Guidance

Spire (NYSE:SR) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.400-4.600 for the period, compared to the consensus earnings per share estimate of 4.500. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SR. Bank of America initiated coverage on shares of Spire in a report on Friday, December 13th. They set a “neutral” rating and a $70.00 price target for the company. Morgan Stanley decreased their price target on Spire from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Janney Montgomery Scott assumed coverage on shares of Spire in a report on Tuesday, December 17th. They set a “neutral” rating and a $73.00 target price for the company. StockNews.com lowered Spire from a “hold” rating to a “sell” rating in a research note on Sunday, January 19th. Finally, Mizuho upgraded Spire from a “neutral” rating to an “outperform” rating and increased their target price for the company from $65.00 to $76.00 in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Spire currently has a consensus rating of “Hold” and a consensus price target of $71.50.

Spire Stock Up 0.7 %

NYSE SR traded up $0.52 on Wednesday, hitting $71.57. 168,149 shares of the company were exchanged, compared to its average volume of 352,141. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 1.24. Spire has a 12 month low of $56.99 and a 12 month high of $73.64. The company has a market cap of $4.14 billion, a PE ratio of 16.57, a PEG ratio of 2.71 and a beta of 0.58. The stock has a fifty day moving average of $68.98 and a 200-day moving average of $66.95.

Spire (NYSE:SR) last issued its earnings results on Wednesday, February 5th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.08). Spire had a net margin of 9.52% and a return on equity of 8.10%. As a group, analysts forecast that Spire will post 4.51 earnings per share for the current year.

Spire Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 11th will be paid a dividend of $0.785 per share. This represents a $3.14 annualized dividend and a yield of 4.39%. The ex-dividend date is Tuesday, March 11th. Spire’s payout ratio is currently 72.85%.

Insider Activity

In related news, Treasurer Adam W. Woodard sold 1,150 shares of Spire stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $67.47, for a total value of $77,590.50. Following the completion of the transaction, the treasurer now owns 2,587 shares in the company, valued at $174,544.89. The trade was a 30.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul D. Koonce bought 1,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was purchased at an average price of $73.61 per share, for a total transaction of $73,610.00. Following the transaction, the director now owns 2,425 shares of the company’s stock, valued at approximately $178,504.25. This represents a 70.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.33% of the company’s stock.

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.