Spire (NYSE:SR) Updates FY25 Earnings Guidance

Spire (NYSE:SR) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.40-$4.60 for the period, compared to the consensus EPS estimate of $4.55. Spire also updated its FY 2025 guidance to 4.400-4.600 EPS.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley increased their target price on shares of Spire from $70.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company lifted their target price on shares of Spire from $72.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Stifel Nicolaus upped their target price on Spire from $64.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Mizuho lifted their price target on Spire from $62.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, LADENBURG THALM/SH SH cut Spire from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $65.50 to $60.50 in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Spire has a consensus rating of “Hold” and a consensus price target of $66.56.

Spire Trading Down 0.4 %

NYSE SR opened at $67.93 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.48 and a debt-to-equity ratio of 1.11. The stock’s 50-day simple moving average is $65.54 and its two-hundred day simple moving average is $63.63. Spire has a twelve month low of $56.36 and a twelve month high of $68.35. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 2.96 and a beta of 0.52.

Spire Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Wednesday, December 11th will be given a dividend of $3.14 per share. This is a boost from Spire’s previous quarterly dividend of $0.76. This represents a $12.56 dividend on an annualized basis and a yield of 18.49%. The ex-dividend date is Wednesday, December 11th. Spire’s dividend payout ratio (DPR) is presently 72.60%.

Insiders Place Their Bets

In other news, VP Gerard J. Gorla sold 500 shares of Spire stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $64.82, for a total value of $32,410.00. Following the transaction, the vice president now owns 7,311 shares in the company, valued at approximately $473,899.02. The trade was a 6.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.86% of the company’s stock.

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.