Somewhat Favorable News Coverage Somewhat Unlikely to Affect Spire (SR) Share Price
News articles about Spire (NYSE:SR) have been trending somewhat positive this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Spire earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 46.8825096797 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern’s analysis:
- Five Natural Gas Utilities Unite as Spire (finance.yahoo.com)
- Spire, Inc. (Missouri) : SR-US: Dividend Analysis : September 11th, 2017 (record date) : By the numbers : September 29, 2017 (finance.yahoo.com)
- Spire Shows Rising Relative Price Performance; Still Shy Of Key Benchmark (finance.yahoo.com)
Several equities analysts recently issued reports on the company. Stifel Nicolaus restated a “hold” rating and set a $71.00 price target on shares of Spire in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Spire from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Wednesday, July 12th. Morgan Stanley boosted their price target on shares of Spire from $73.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $73.00 target price on shares of Spire in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Spire presently has an average rating of “Hold” and a consensus target price of $72.17.
Shares of Spire (SR) opened at 74.65 on Wednesday. The firm’s 50-day moving average price is $75.95 and its 200 day moving average price is $71.69. Spire has a 12-month low of $59.54 and a 12-month high of $78.00. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 21.57 and a beta of 0.32.
Spire (NYSE:SR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. Spire had a net margin of 9.12% and a return on equity of 8.77%. The company had revenue of $323.50 million during the quarter, compared to the consensus estimate of $293.99 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. On average, analysts predict that Spire will post $3.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Monday, September 11th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.81%. The ex-dividend date was Friday, September 8th. Spire’s dividend payout ratio is currently 60.17%.
TRADEMARK VIOLATION WARNING: “Somewhat Favorable News Coverage Somewhat Unlikely to Affect Spire (SR) Share Price” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/04/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-spire-sr-share-price.html.
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.
Receive News & Stock Ratings for Spire Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spire Inc. and related stocks with our FREE daily email newsletter.