Spire (NYSE:SR – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.15-4.25 for the period, compared to the consensus estimate of $4.32. Spire also updated its FY 2024 guidance to 4.150-4.250 EPS.
Spire Stock Performance
Shares of Spire stock opened at $67.58 on Wednesday. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 3.11 and a beta of 0.51. Spire has a twelve month low of $53.77 and a twelve month high of $68.02. The company’s fifty day moving average is $61.30 and its 200 day moving average is $60.48. The company has a quick ratio of 0.48, a current ratio of 0.61 and a debt-to-equity ratio of 1.09.
Spire (NYSE:SR – Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $3.45 EPS for the quarter, missing analysts’ consensus estimates of $3.86 by ($0.41). The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.21 billion. Spire had a net margin of 9.05% and a return on equity of 7.88%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $3.70 EPS. Sell-side analysts forecast that Spire will post 4.32 EPS for the current year.
Spire Announces Dividend
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Mizuho cut shares of Spire from a buy rating to a neutral rating and decreased their price objective for the stock from $64.00 to $62.00 in a research report on Thursday, May 2nd. Royal Bank of Canada reissued a sector perform rating and issued a $65.00 price objective on shares of Spire in a research report on Tuesday, April 16th. UBS Group began coverage on Spire in a report on Friday, April 12th. They issued a buy rating and a $68.00 target price for the company. Morgan Stanley dropped their price objective on shares of Spire from $67.00 to $64.00 and set an equal weight rating on the stock in a report on Monday, June 24th. Finally, StockNews.com raised Spire from a sell rating to a hold rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $61.83.
Check Out Our Latest Stock Analysis on SR
Insiders Place Their Bets
In other Spire news, EVP Steven P. Rasche bought 4,500 shares of Spire stock in a transaction dated Thursday, June 13th. The stock was bought at an average cost of $23.83 per share, with a total value of $107,235.00. Following the completion of the acquisition, the executive vice president now directly owns 16,500 shares in the company, valued at approximately $393,195. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.86% of the company’s stock.
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.
See Also
- Five stocks we like better than Spire
- Manufacturing Stocks Investing
- Invest Like Congress: 2 ETFs to Add to Your Watchlist
- How to Calculate Stock Profit
- AI Boom or Bubble? Strategies for Success in a Volatile Sector
- What is a buyback in stocks? A comprehensive guide for investors
- Oilfield Infrastructure Stock Soars Over 50% on Bold Acquisition
Receive News & Ratings for Spire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spire and related companies with MarketBeat.com's FREE daily email newsletter.