What is Zacks Research’s Estimate for Spire FY2024 Earnings?

Spire Inc. (NYSE:SR) – Equities research analysts at Zacks Research cut their FY2024 earnings per share 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 per share of $4.22 for the year, down from their previous forecast of $4.23. The consensus estimate for Spire’s current full-year earnings is $4.20 per share. Zacks Research also issued estimates for Spire’s FY2025 earnings at $4.53 EPS, Q1 2026 earnings at $1.47 EPS and FY2026 earnings at $4.86 EPS.

SR has been the topic of several other reports. Morgan Stanley raised their price target on Spire from $70.00 to $76.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. LADENBURG THALM/SH SH downgraded Spire from a “neutral” rating to a “sell” rating and lowered their price target for the company from $65.50 to $60.50 in a research report on Thursday, October 17th. Wells Fargo & Company raised their price target on Spire from $72.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus raised their price target on Spire from $64.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $66.19.

Spire Trading Up 0.9 %

Shares of NYSE:SR opened at $62.81 on Wednesday. The company has a market cap of $3.63 billion, a P/E ratio of 15.10, a P/E/G ratio of 2.76 and a beta of 0.52. The stock’s 50-day moving average is $65.52 and its 200-day moving average is $63.37. Spire has a 52-week low of $56.36 and a 52-week high of $68.02. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.48.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SR. Assenagon Asset Management S.A. lifted its stake in Spire by 197.4% during the second quarter. Assenagon Asset Management S.A. now owns 162,195 shares of the utilities provider’s stock worth $9,850,000 after purchasing an additional 107,662 shares during the period. AQR Capital Management LLC lifted its stake in Spire by 290.9% during the second quarter. AQR Capital Management LLC now owns 130,827 shares of the utilities provider’s stock worth $7,877,000 after purchasing an additional 97,358 shares during the period. Ontario Teachers Pension Plan Board bought a new position in Spire during the first quarter worth about $4,488,000. Dimensional Fund Advisors LP lifted its stake in Spire by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 944,387 shares of the utilities provider’s stock worth $57,351,000 after purchasing an additional 72,119 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Spire by 11.0% in the second quarter. Victory Capital Management Inc. now owns 698,819 shares of the utilities provider’s stock valued at $42,439,000 after acquiring an additional 69,020 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

Insider Buying and Selling

In related news, VP Gerard J. Gorla sold 500 shares of Spire 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 sale, the vice president now directly owns 7,311 shares of the company’s stock, valued at $473,899.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.86% of the stock is owned by company insiders.

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.