Brokerages forecast that Spire Inc. (NYSE:SR – Get Rating) will report earnings of $0.02 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Spire’s earnings. The highest EPS estimate is $0.09 and the lowest is ($0.03). Spire posted earnings per share of $0.06 in the same quarter last year, which suggests a negative year over year growth rate of 66.7%. The business is expected to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Spire will report full year earnings of $3.93 per share for the current financial year, with EPS estimates ranging from $3.84 to $4.10. For the next year, analysts anticipate that the firm will post earnings of $4.39 per share, with EPS estimates ranging from $4.25 to $4.58. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Spire.
Spire (NYSE:SR – Get Rating) last released its quarterly earnings data on Friday, May 6th. The utilities provider reported $3.42 EPS for the quarter, beating the consensus estimate of $3.11 by $0.31. Spire had a return on equity of 9.59% and a net margin of 10.94%. The company had revenue of $880.90 million for the quarter, compared to analyst estimates of $849.50 million. During the same period last year, the company posted $3.71 earnings per share. The firm’s revenue was down 20.3% compared to the same quarter last year.
NYSE:SR traded down $0.37 during mid-day trading on Thursday, reaching $77.33. The stock had a trading volume of 137 shares, compared to its average volume of 324,985. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 4.04 and a beta of 0.29. Spire has a 1-year low of $59.60 and a 1-year high of $79.24. The stock’s 50 day simple moving average is $75.75 and its two-hundred day simple moving average is $68.86. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.78 and a quick ratio of 0.66.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Shareholders of record on Friday, June 10th will be issued a $0.685 dividend. The ex-dividend date is Thursday, June 9th. This represents a $2.74 annualized dividend and a dividend yield of 3.54%. Spire’s dividend payout ratio is currently 67.65%.
In other Spire news, Treasurer Adam W. Woodard sold 2,211 shares of Spire stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $74.35, for a total transaction of $164,387.85. Following the transaction, the treasurer now directly owns 1,327 shares in the company, valued at approximately $98,662.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Steven P. Rasche acquired 1,703 shares of the stock in a transaction on Tuesday, May 10th. The shares were purchased at an average price of $24.09 per share, for a total transaction of $41,025.27. Following the completion of the transaction, the executive vice president now owns 9,500 shares in the company, valued at approximately $228,855. The disclosure for this purchase can be found here. 2.97% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Raymond James & Associates boosted its holdings in Spire by 24.7% in the fourth quarter. Raymond James & Associates now owns 17,278 shares of the utilities provider’s stock worth $1,127,000 after purchasing an additional 3,423 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Spire during the 3rd quarter worth $3,020,000. Citigroup Inc. lifted its position in Spire by 6.1% during the 3rd quarter. Citigroup Inc. now owns 7,827 shares of the utilities provider’s stock worth $479,000 after acquiring an additional 453 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in Spire during the 4th quarter worth $132,000. Finally, CWM LLC acquired a new position in Spire during the 4th quarter worth $1,601,000. Hedge funds and other institutional investors own 84.91% of the company’s stock.
Spire Company Profile (Get Rating)
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 in two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas.
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