Spire (NYSE:SR) Issues FY25 Earnings Guidance

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

Spire Trading Down 0.4 %

SR opened at $67.93 on Wednesday. Spire has a one year low of $56.36 and a one year high of $68.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.48 and a quick ratio of 0.35. The business has a 50 day simple moving average of $65.54 and a two-hundred day simple moving average of $63.63. The firm 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 announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 11th will be issued a dividend of $3.14 per share. This represents a $12.56 dividend on an annualized basis and a dividend 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%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, VP Gerard J. Gorla sold 500 shares of the company’s stock in a transaction that occurred on 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 directly owns 7,311 shares of the company’s stock, valued at approximately $473,899.02. This represents a 6.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.86% of the stock is currently owned by company insiders.

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.