Wall Street analysts expect Spire Inc. (NYSE:SR) to announce earnings per share of ($0.28) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Spire’s earnings. The highest EPS estimate is ($0.23) and the lowest is ($0.32). Spire posted earnings per share of ($0.32) during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 21st.
On average, analysts expect that Spire will report full-year earnings of $3.55 per share for the current year, with EPS estimates ranging from $3.50 to $3.58. For the next financial year, analysts anticipate that the company will report earnings of $3.66 per share, with EPS estimates ranging from $3.54 to $3.78. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Spire.
Spire (NYSE:SR) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.05. The company had revenue of $323.50 million during the quarter, compared to analysts’ expectations of $293.99 million. Spire had a net margin of 9.12% and a return on equity of 8.77%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share.
Several analysts recently issued reports on SR shares. Zacks Investment Research downgraded Spire from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $71.00 price target on shares of Spire in a report on Thursday, August 3rd. Morgan Stanley increased their price target on Spire from $68.00 to $73.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $73.00 price target on shares of Spire in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Spire currently has a consensus rating of “Hold” and a consensus price target of $71.83.
Spire (SR) traded up 0.99% on Friday, hitting $76.60. 60,076 shares of the stock traded hands. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 22.13 and a beta of 0.33. The stock has a 50-day moving average price of $72.50 and a 200 day moving average price of $69.10. Spire has a 1-year low of $59.54 and a 1-year high of $76.80.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Monday, September 11th will be issued a $0.525 dividend. The ex-dividend date is Friday, September 8th. This represents a $2.10 annualized dividend and a yield of 2.77%. Spire’s dividend payout ratio is currently 60.17%.
ILLEGAL ACTIVITY WARNING: “Spire Inc. (SR) Expected to Announce Earnings of -$0.28 Per Share” was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://stocknewstimes.com/2017/08/21/spire-inc-sr-expected-to-announce-earnings-of-0-28-per-share.html.
Hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its stake in shares of Spire by 34.2% in the first quarter. Parkside Financial Bank & Trust now owns 1,597 shares of the utilities provider’s stock valued at $108,000 after buying an additional 407 shares in the last quarter. Bruderman Asset Management LLC bought a new stake in shares of Spire during the second quarter valued at about $124,000. LS Investment Advisors LLC increased its stake in shares of Spire by 13.0% in the second quarter. LS Investment Advisors LLC now owns 1,793 shares of the utilities provider’s stock valued at $125,000 after buying an additional 206 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Spire by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,825 shares of the utilities provider’s stock valued at $127,000 after buying an additional 144 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Spire by 11.2% in the second quarter. Public Employees Retirement System of Ohio now owns 2,070 shares of the utilities provider’s stock valued at $144,000 after buying an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 78.59% of the company’s stock.
About Spire
Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.
Get a free copy of the Zacks research report on Spire (SR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Spire Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spire Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
