Zacks Research Has Pessimistic View of Spire FY2024 Earnings

Spire Inc. (NYSE:SR) – Analysts at Zacks Research cut their FY2024 earnings per share estimates for shares of Spire in a note issued to investors on Monday, November 4th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $4.22 per share for the year, down from their previous estimate of $4.23. The consensus estimate for Spire’s current full-year earnings is $4.20 per share. Zacks Research also issued estimates for Spire’s FY2025 earnings at $4.53 EPS, Q1 2026 earnings at $1.47 EPS and FY2026 earnings at $4.86 EPS.

A number of other brokerages also recently commented on SR. Wells Fargo & Company upped their price objective on Spire from $72.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Morgan Stanley increased their price target on Spire from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. LADENBURG THALM/SH SH cut shares of Spire from a “neutral” rating to a “sell” rating and cut their price objective for the company from $65.50 to $60.50 in a research note on Thursday, October 17th. Finally, Stifel Nicolaus increased their price target on Spire from $64.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $66.19.

Spire Price Performance

Shares of NYSE SR opened at $65.09 on Wednesday. The business has a 50 day moving average price of $65.52 and a two-hundred day moving average price of $63.38. Spire has a fifty-two week low of $56.36 and a fifty-two week high of $68.02. The firm has a market cap of $3.76 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.75 and a beta of 0.52. The company has a quick ratio of 0.35, a current ratio of 0.48 and a debt-to-equity ratio of 1.11.

Insider Buying and Selling at Spire

In other Spire news, VP Gerard J. Gorla sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $64.82, for a total transaction of $32,410.00. Following the completion of the transaction, the vice president now owns 7,311 shares of the company’s stock, valued at $473,899.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.86% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SR. International Assets Investment Management LLC acquired a new stake in shares of Spire during the 2nd quarter valued at $31,000. LRI Investments LLC acquired a new position in Spire during the 1st quarter worth about $35,000. Fidelis Capital Partners LLC bought a new stake in shares of Spire in the 1st quarter valued at about $37,000. EntryPoint Capital LLC acquired a new stake in shares of Spire in the first quarter valued at about $47,000. Finally, Blue Trust Inc. raised its position in shares of Spire by 26.8% during the second quarter. Blue Trust Inc. now owns 761 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 161 shares during the last quarter. 87.36% of the stock is owned by institutional investors.

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.