Spire (SR) Scheduled to Post Earnings on Wednesday

Spire (NYSE:SR) will be posting its quarterly earnings results before the market opens on Wednesday, November 20th. Analysts expect Spire to post earnings of ($0.45) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Spire Price Performance

NYSE SR opened at $68.19 on Tuesday. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.96 and a beta of 0.52. Spire has a 1-year low of $56.36 and a 1-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’s fifty day moving average price is $65.49 and its 200-day moving average price is $63.59.

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 issued a $3.14 dividend. This is an increase from Spire’s previous quarterly dividend of $0.76. The ex-dividend date is Wednesday, December 11th. This represents a $12.56 dividend on an annualized basis and a yield of 18.42%. Spire’s dividend payout ratio is currently 72.60%.

Insider Buying and Selling

In other news, VP Gerard J. Gorla sold 500 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $64.82, for a total value of $32,410.00. Following the transaction, the vice president now owns 7,311 shares of the company’s stock, valued at approximately $473,899.02. The trade was a 6.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.86% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on SR. Morgan Stanley upped their price target on shares of Spire from $70.00 to $76.00 and gave the company 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 dropped their price target for the stock from $65.50 to $60.50 in a research note on Thursday, October 17th. Stifel Nicolaus boosted their price objective 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. Finally, Wells Fargo & Company lifted their target price on Spire from $72.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $66.19.

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.