Brokers Issue Forecasts for Spire’s Q4 Earnings (NYSE:SR)

Spire Inc. (NYSE:SR) – Equities research analysts at Zacks Research cut their Q4 2024 EPS estimates for Spire in a report released on Monday, November 4th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn ($0.56) per share for the quarter, down from their prior estimate of ($0.55). The consensus estimate for Spire’s current full-year earnings is $4.20 per share. Zacks Research also issued estimates for Spire’s Q1 2025 earnings at $1.38 EPS, Q3 2025 earnings at ($0.10) EPS and Q4 2025 earnings at ($0.37) EPS.

A number of other analysts have also recently commented on SR. Stifel Nicolaus upped their price target on shares of Spire from $64.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley increased their price objective on shares of Spire from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research report 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 stock from $65.50 to $60.50 in a research report on Thursday, October 17th. Finally, Wells Fargo & Company increased their price objective 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $66.19.

Spire Stock Performance

Shares of SR opened at $65.09 on Thursday. The company has a current ratio of 0.48, a quick ratio of 0.35 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $3.76 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 2.75 and a beta of 0.52. The firm’s fifty day simple moving average is $65.52 and its two-hundred day simple moving average is $63.38. Spire has a 12 month low of $56.36 and a 12 month high of $68.02.

Insider Buying and Selling at Spire

In other Spire news, VP Gerard J. Gorla sold 500 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $64.82, for a total value of $32,410.00. Following the completion of the sale, the vice president now owns 7,311 shares in the company, valued at approximately $473,899.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.86% of the company’s stock.

Institutional Investors Weigh In On Spire

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. increased its stake in shares of Spire by 26.8% during the 2nd quarter. Blue Trust Inc. now owns 761 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 161 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Spire by 5.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,572 shares of the utilities provider’s stock worth $240,000 after purchasing an additional 177 shares during the last quarter. Creative Planning increased its stake in shares of Spire by 2.7% during the 3rd quarter. Creative Planning now owns 7,126 shares of the utilities provider’s stock worth $480,000 after purchasing an additional 190 shares during the last quarter. Missouri Trust & Investment Co increased its stake in shares of Spire by 28.6% during the 3rd quarter. Missouri Trust & Investment Co now owns 900 shares of the utilities provider’s stock worth $61,000 after purchasing an additional 200 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in shares of Spire by 4.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,327 shares of the utilities provider’s stock worth $358,000 after purchasing an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 87.36% 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.