Spire (NYSE:SR) Releases FY25 Earnings Guidance

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

Analyst Ratings Changes

Several brokerages have recently commented on SR. Stifel Nicolaus lifted their target price on Spire from $64.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. LADENBURG THALM/SH SH downgraded shares of Spire from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $65.50 to $60.50 in a report on Thursday, October 17th. Mizuho boosted their price objective on Spire from $62.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday. Morgan Stanley increased their target price on Spire from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company lifted their price target on Spire from $73.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Spire has a consensus rating of “Hold” and a consensus target price of $68.31.

Spire Stock Performance

SR opened at $70.59 on Friday. Spire has a 52-week low of $56.36 and a 52-week high of $70.73. The business’s fifty day moving average is $65.63 and its 200-day moving average is $63.71. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.48. The firm has a market cap of $4.08 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 3.00 and a beta of 0.52.

Spire Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 11th will be paid a $3.14 dividend. This represents a $12.56 dividend on an annualized basis and a yield of 17.79%. This is a boost from Spire’s previous quarterly dividend of $0.76. The ex-dividend date is Wednesday, December 11th. Spire’s dividend payout ratio (DPR) is 72.60%.

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.