Spire (NYSE:SR) Updates FY 2025 Earnings Guidance

Spire (NYSE:SR) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.400-4.600 for the period, compared to the consensus earnings per share estimate of 4.560. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SR. LADENBURG THALM/SH SH cut shares of Spire from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $65.50 to $60.50 in a report on Thursday, October 17th. Stifel Nicolaus increased their target price on shares of Spire from $64.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Morgan Stanley raised their price objective 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. Mizuho raised their price objective on shares of Spire from $62.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Wells Fargo & Company raised their price objective on shares of Spire from $72.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $66.56.

Spire Stock Performance

NYSE:SR opened at $67.93 on Wednesday. The company has a market capitalization of $3.92 billion, a PE ratio of 16.33, a P/E/G ratio of 2.96 and a beta of 0.52. The company has a 50 day simple moving average of $65.54 and a two-hundred day simple moving average of $63.63. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.48. Spire has a fifty-two week low of $56.36 and a fifty-two week high of $68.35.

Spire Increases Dividend

The company also recently announced 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 represents a $12.56 dividend on an annualized basis and a yield of 18.49%. The ex-dividend date of this dividend is Wednesday, December 11th. This is an increase from Spire’s previous quarterly dividend of $0.76. Spire’s dividend payout ratio is currently 72.60%.

Insider Transactions at Spire

In other news, VP Gerard J. Gorla sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $64.82, for a total transaction of $32,410.00. Following the completion of the sale, the vice president now owns 7,311 shares of the company’s stock, valued at $473,899.02. This trade represents a 6.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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.