Brokers Set Expectations for Spire’s Q4 Earnings (NYSE:SR)

Spire Inc. (NYSE:SR) – Zacks Research reduced their Q4 2028 earnings per share (EPS) estimates for Spire in a note issued to investors on Wednesday, September 23rd. Zacks Research analyst Team now expects that the utilities provider will post earnings of ($0.44) per share for the quarter, down from their prior forecast of ($0.43). The consensus estimate for Spire’s current full-year earnings is $4.01 per share.

SR has been the topic of several other research reports. Morgan Stanley reduced their price target on shares of Spire from $91.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. Mizuho initiated coverage on shares of Spire in a research note on Tuesday, July 7th. They set an “outperform” rating and a $88.00 target price on the stock. Scotiabank started coverage on shares of Spire in a report on Tuesday. They set a “sector perform” rating and a $79.00 target price on the stock. BTIG Research reaffirmed a “buy” rating and set a $102.00 price objective on shares of Spire in a research report on Monday, September 21st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $85.00 price objective (up from $84.00) on shares of Spire in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Spire has an average rating of “Moderate Buy” and a consensus target price of $92.50.

Spire Stock Performance

Shares of Spire stock opened at $76.48 on Friday. The business has a 50-day moving average of $81.08 and a 200 day moving average of $83.94. Spire has a 12 month low of $74.84 and a 12 month high of $95.31. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 1.70 and a beta of 0.52. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.37 and a quick ratio of 0.27.

Spire (NYSE:SR) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.06. Spire had a return on equity of 8.65% and a net margin of 21.48%.The business had revenue of $420.20 million during the quarter, compared to analyst estimates of $394.62 million. During the same period last year, the business posted $0.01 earnings per share. The company’s quarterly revenue was up 19.2% on a year-over-year basis. Spire has set its FY 2026 guidance at 3.900-4.100 EPS.

Spire Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a $0.8250 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 4.3%. Spire’s dividend payout ratio is currently 36.79%.

Institutional Investors Weigh In On Spire

Several institutional investors have recently modified their holdings of SR. MV Capital Management Inc. acquired a new position in shares of Spire during the fourth quarter worth $33,000. SHP Wealth Management purchased a new stake in Spire during the 4th quarter worth about $35,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Spire during the 1st quarter worth about $43,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Spire by 900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 540 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 486 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Spire by 53.8% in the 3rd quarter. Versant Capital Management Inc now owns 655 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 229 shares during the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

About Spire

Spire Inc is a diversified natural gas company headquartered in St. Louis, Missouri. Through its regulated utility operations, the company distributes natural gas to residential, commercial, and industrial customers in Missouri and Alabama.

Spire’s business includes natural gas distribution, gas storage and transportation, and related energy services. Its operations also include natural gas marketing and midstream activities, which support the delivery and management of natural gas for utility and other customers.

The company traces its history to 1857, when it was established as Laclede Gas Light Company.