Spire (SR) Projected to Post Earnings on Wednesday

Spire (NYSE:SR) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Spire to post earnings of $1.42 per share and revenue of $796.11 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Spire Trading Down 0.9 %

NYSE SR opened at $70.99 on Monday. Spire has a one year low of $56.36 and a one year high of $73.64. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.45 and a quick ratio of 0.30. The business has a 50 day simple moving average of $69.05 and a 200 day simple moving average of $66.87. The stock has a market capitalization of $4.10 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.65 and a beta of 0.57.

Spire Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 11th will be paid a $0.785 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $3.14 annualized dividend and a dividend yield of 4.42%. Spire’s dividend payout ratio is currently 72.85%.

Analyst Ratings Changes

A number of equities research analysts have commented on SR shares. Bank of America assumed coverage on shares of Spire in a report on Friday, December 13th. They issued a “neutral” rating and a $70.00 price target for the company. Stifel Nicolaus reduced their target price on Spire from $70.00 to $69.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Morgan Stanley dropped their price target on Spire from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. LADENBURG THALM/SH SH cut Spire from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $65.50 to $60.50 in a research note on Thursday, October 17th. Finally, StockNews.com downgraded Spire from a “hold” rating to a “sell” rating in a report on Sunday, January 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Spire currently has a consensus rating of “Hold” and an average target price of $71.50.

Insider Buying and Selling

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