Spire Inc. Forecasted to Post FY2021 Earnings of $4.30 Per Share (SR)

Spire Inc. (NYSE:SR) – Stock analysts at Gabelli issued their FY2021 earnings per share (EPS) estimates for shares of Spire in a note issued to investors on Thursday. Gabelli analyst T. Winter anticipates that the utilities provider will post earnings of $4.30 per share for the year.

Spire (NYSE:SR) last issued its quarterly earnings data on Wednesday, November 15th. The utilities provider reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.04. Spire had a return on equity of 8.77% and a net margin of 9.12%. The company had revenue of $258.70 million for the quarter, compared to analyst estimates of $271.65 million. During the same period last year, the company earned ($0.32) earnings per share. Spire’s quarterly revenue was down 7.4% compared to the same quarter last year.

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SR has been the topic of several other reports. Stifel Nicolaus raised their price objective on Spire from $71.00 to $75.00 and gave the company a “hold” rating in a report on Thursday. Royal Bank Of Canada reissued a “hold” rating and issued a $73.00 price objective on shares of Spire in a report on Wednesday, August 9th. Morgan Stanley raised their price objective on Spire from $68.00 to $73.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Zacks Investment Research raised Spire from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a report on Wednesday, October 4th. Finally, J P Morgan Chase & Co raised their price objective on Spire from $71.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Spire has a consensus rating of “Hold” and an average target price of $75.00.

Shares of Spire (NYSE:SR) remained flat at $$78.55 on Friday. 165,300 shares of the company were exchanged, compared to its average volume of 148,112. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.69 and a quick ratio of 0.65. Spire has a fifty-two week low of $62.33 and a fifty-two week high of $79.65. The company has a market capitalization of $3,780.00, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 3.98 and a beta of 0.30.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SR. Teachers Advisors LLC lifted its position in shares of Spire by 2.4% in the first quarter. Teachers Advisors LLC now owns 82,235 shares of the utilities provider’s stock valued at $5,551,000 after acquiring an additional 1,907 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Spire by 1.2% in the second quarter. Bank of Montreal Can now owns 32,322 shares of the utilities provider’s stock valued at $2,255,000 after acquiring an additional 372 shares in the last quarter. Creative Planning lifted its position in shares of Spire by 6.1% in the second quarter. Creative Planning now owns 3,826 shares of the utilities provider’s stock valued at $267,000 after acquiring an additional 220 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Spire by 87.8% in the second quarter. State of Alaska Department of Revenue now owns 9,522 shares of the utilities provider’s stock valued at $664,000 after acquiring an additional 4,452 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its position in shares of Spire by 13.0% in the second quarter. LS Investment Advisors LLC now owns 1,793 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 206 shares in the last quarter. Institutional investors and hedge funds own 79.44% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Monday, December 11th will be given a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Friday, December 8th. This is an increase from Spire’s previous quarterly dividend of $0.53. Spire’s dividend payout ratio (DPR) is 59.66%.

About Spire

Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.

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