Spire (NYSE:SR) Issues 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 commented on SR. Stifel Nicolaus dropped their target price on shares of Spire from $70.00 to $69.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Morgan Stanley reduced their target price on shares of 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 began coverage on Spire in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $73.00 price target on the stock. StockNews.com upgraded shares of Spire from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Mizuho upgraded shares of Spire from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $65.00 to $76.00 in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Spire currently has a consensus rating of “Hold” and an average price target of $71.50.

Spire Stock Performance

Spire stock opened at $72.39 on Friday. The business has a 50 day moving average of $68.95 and a 200-day moving average of $66.98. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.45 and a quick ratio of 0.30. Spire has a 1 year low of $56.99 and a 1 year high of $73.64. The company has a market capitalization of $4.18 billion, a P/E ratio of 16.80, a P/E/G ratio of 2.71 and a beta of 0.58.

Spire (NYSE:SR) last issued its quarterly 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 return on equity of 8.10% and a net margin of 9.52%. On average, equities research analysts predict that Spire will post 4.51 earnings per share for the current year.

Spire Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 11th will be given a $0.785 dividend. This represents a $3.14 annualized dividend and a yield of 4.34%. The ex-dividend date is Tuesday, March 11th. Spire’s payout ratio is currently 72.85%.

Insider Activity at Spire

In other Spire news, Treasurer Adam W. Woodard sold 1,150 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $67.47, for a total transaction 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. This trade represents a 30.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul D. Koonce bought 1,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were bought 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. 2.33% of the stock is owned by insiders.

About Spire

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.