Brokers Set Expectations for Spire’s Q2 Earnings (NYSE:SR)

by · The Markets Daily

Spire Inc. (NYSE:SR – Free Report) – Stock analysts at Zacks Research upped their Q2 2027 earnings per share estimates for Spire in a report issued on Friday, October 23rd. Zacks Research analyst Team now expects that the utilities provider will earn $4.14 per share for the quarter, up from their previous estimate of $4.11. The consensus estimate for Spire’s current full-year earnings is $4.00 per share. Zacks Research also issued estimates for Spire’s FY2027 earnings at $5.43 EPS, Q1 2028 earnings at $2.14 EPS, Q2 2028 earnings at $4.23 EPS and Q3 2028 earnings at $0.16 EPS.

Spire (NYSE:SR – Get Free Report) last released its earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.06. The business had revenue of $420.20 million during the quarter, compared to the consensus estimate of $394.62 million. Spire had a return on equity of 8.65% and a net margin of 21.48%. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period last year, the business posted $0.01 earnings per share. Spire has set its FY 2026 guidance at 3.900-4.100 EPS.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen upgraded Spire from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Mizuho began coverage on shares of Spire in a report on Tuesday, July 7th. They set an “outperform” rating and a $88.00 price objective on the stock. Weiss Ratings upgraded shares of Spire from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Scotiabank assumed coverage on shares of Spire in a research report on Tuesday, September 29th. They set a “sector perform” rating and a $79.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Spire from $85.00 to $86.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $92.58.

View Our Latest Research Report on Spire

Spire Stock Up 0.6%

SR stock opened at $85.72 on Monday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.27 and a current ratio of 0.37. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 1.39 and a beta of 0.52. Spire has a fifty-two week low of $74.84 and a fifty-two week high of $95.31. The stock has a fifty day moving average of $80.78 and a 200-day moving average of $84.44.

Hedge Funds Weigh In On Spire

Hedge funds have recently made changes to their positions in the stock. Detalus Advisors LLC grew its stake in shares of Spire by 2.3% during the 1st quarter. Detalus Advisors LLC now owns 6,200 shares of the utilities provider’s stock valued at $561,000 after purchasing an additional 142 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Spire by 15.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,411 shares of the utilities provider’s stock worth $117,000 after purchasing an additional 188 shares during the period. Royal Bank of Canada raised its holdings in Spire by 1.2% in the 1st quarter. Royal Bank of Canada now owns 16,282 shares of the utilities provider’s stock worth $1,475,000 after purchasing an additional 193 shares during the period. Versant Capital Management Inc raised its holdings in Spire by 53.8% in the 3rd quarter. Versant Capital Management Inc now owns 655 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 229 shares during the period. Finally, GAMMA Investing LLC lifted its position in Spire by 17.5% during the third quarter. GAMMA Investing LLC now owns 1,910 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 284 shares in the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Spire Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a $0.8250 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, September 11th. Spire’s dividend payout ratio (DPR) is presently 36.79%.

Spire Company Profile

(Get Free Report)

Spire Inc is an energy company that provides natural gas services to residential, commercial, industrial and other customers. Through its regulated utility operations, the company distributes natural gas and provides related customer services, with a focus on delivering dependable energy and maintaining the infrastructure needed to serve its communities.

Spire’s regulated utilities serve customers primarily in Missouri and Alabama, with operations that have also included service in Mississippi.

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