Zacks Research Has Pessimistic Outlook of Spire Q4 Earnings

Spire Inc. (NYSE:SR) – Stock analysts at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for Spire in a research report issued to clients and investors on Monday, November 4th. Zacks Research analyst R. Department now forecasts that the utilities provider will earn ($0.56) per share for the quarter, down from their prior forecast 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.

Several other equities analysts have also recently issued reports on SR. Wells Fargo & Company boosted their price target on shares of Spire from $72.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Morgan Stanley upped their target price on Spire from $70.00 to $76.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. LADENBURG THALM/SH SH cut Spire from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $65.50 to $60.50 in a research note on Thursday, October 17th. Finally, Stifel Nicolaus increased their price objective on Spire from $64.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $66.19.

Spire Stock Up 0.8 %

Shares of Spire stock opened at $64.42 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. Spire has a 12-month low of $56.36 and a 12-month high of $68.02. The company has a market cap of $3.72 billion, a P/E ratio of 15.49, a PEG ratio of 2.88 and a beta of 0.52. The company’s fifty day simple moving average is $65.46 and its two-hundred day simple moving average is $63.40.

Institutional Trading of Spire

Several institutional investors have recently added to or reduced their stakes in SR. Vanguard Group Inc. increased its stake in Spire by 1.2% in the first quarter. Vanguard Group Inc. now owns 5,626,863 shares of the utilities provider’s stock worth $345,321,000 after purchasing an additional 65,486 shares during the period. Dimensional Fund Advisors LP increased its stake in Spire by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 944,387 shares of the utilities provider’s stock worth $57,351,000 after buying an additional 72,119 shares during the period. Victory Capital Management Inc. lifted its holdings in Spire by 11.0% during the 2nd quarter. Victory Capital Management Inc. now owns 698,819 shares of the utilities provider’s stock valued at $42,439,000 after buying an additional 69,020 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Spire by 0.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 646,206 shares of the utilities provider’s stock valued at $43,483,000 after buying an additional 1,681 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Spire by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 501,852 shares of the utilities provider’s stock worth $30,477,000 after acquiring an additional 2,598 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

Insiders Place Their Bets

In related news, VP Gerard J. Gorla sold 500 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $64.82, for a total transaction of $32,410.00. Following the sale, the vice president now owns 7,311 shares of the company’s stock, valued at $473,899.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.86% of the company’s stock.

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.