What is Zacks Research’s Estimate for Spire FY2027 Earnings?

Spire Inc. (NYSE:SR) – Research analysts at Zacks Research upped their FY2027 earnings estimates for Spire in a note issued to investors on Tuesday, January 28th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $5.14 per share for the year, up from their prior estimate of $5.10. The consensus estimate for Spire’s current full-year earnings is $4.51 per share.

Several other research analysts have also recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Spire from $73.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Janney Montgomery Scott assumed coverage on shares of Spire in a report on Tuesday, December 17th. They issued a “neutral” rating and a $73.00 price target for the company. UBS Group upped their price target on shares of Spire from $75.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Bank of America assumed coverage on shares of Spire in a report on Friday, December 13th. They issued a “neutral” rating and a $70.00 price target for the company. Finally, LADENBURG THALM/SH SH cut shares of Spire from a “neutral” rating to a “sell” rating and reduced their price target for the company from $65.50 to $60.50 in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $71.50.

Spire Stock Down 0.9 %

Shares of NYSE:SR opened at $70.99 on Thursday. Spire has a 52 week low of $56.36 and a 52 week high of $73.64. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.30 and a current ratio of 0.45. The company has a market capitalization of $4.10 billion, a PE ratio of 16.47, a PEG ratio of 2.65 and a beta of 0.57. The company has a 50 day moving average price of $69.05 and a two-hundred day moving average price of $66.85.

Spire Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.785 per share. This represents a $3.14 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Tuesday, March 11th. Spire’s dividend payout ratio is 72.85%.

Insiders Place Their Bets

In other news, Director Paul D. Koonce purchased 1,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were purchased at an average cost of $73.61 per share, with a total value of $73,610.00. Following the completion of the acquisition, the director now owns 2,425 shares in the company, valued at $178,504.25. This represents a 70.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Treasurer Adam W. Woodard sold 1,150 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $67.47, for a total transaction of $77,590.50. Following the completion of the sale, the treasurer now directly owns 2,587 shares in the company, valued at $174,544.89. This represents a 30.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SR. Geode Capital Management LLC lifted its position in Spire by 5.5% during the third quarter. Geode Capital Management LLC now owns 1,385,452 shares of the utilities provider’s stock valued at $93,244,000 after buying an additional 71,798 shares during the period. Janney Montgomery Scott LLC purchased a new position in Spire during the third quarter valued at $787,000. Cynosure Group LLC purchased a new position in Spire during the third quarter valued at $4,067,000. Allspring Global Investments Holdings LLC lifted its position in Spire by 116.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 28,025 shares of the utilities provider’s stock valued at $1,886,000 after buying an additional 15,060 shares during the period. Finally, Entropy Technologies LP raised its position in shares of Spire by 175.5% in the 3rd quarter. Entropy Technologies LP now owns 15,637 shares of the utilities provider’s stock worth $1,052,000 after purchasing an additional 9,962 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors.

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.