Wall Street analysts expect that Spire Inc. (NYSE:SR) will announce earnings of ($0.29) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Spire’s earnings, with the highest EPS estimate coming in at ($0.23) and the lowest estimate coming in at ($0.32). Spire reported earnings of ($0.32) per share during the same quarter last year, which indicates a positive year over year growth rate of 9.4%. The business is scheduled to announce its next earnings results before the market opens on Tuesday, November 21st.

On average, analysts expect that Spire will report full-year earnings of $3.56 per share for the current financial year, with EPS estimates ranging from $3.55 to $3.58. For the next financial year, analysts forecast that the company will report earnings of $3.70 per share, with EPS estimates ranging from $3.59 to $3.78. Zacks’ EPS averages are an average based on a survey of analysts that cover Spire.

Spire (NYSE:SR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The company had revenue of $323.50 million for the quarter, compared to the consensus estimate of $293.99 million. Spire had a return on equity of 8.77% and a net margin of 9.12%. Spire’s revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share.

Several equities analysts have recently issued reports on SR shares. Zacks Investment Research raised Spire from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Wednesday, July 12th. Stifel Nicolaus reissued a “hold” rating and issued a $71.00 price objective on shares of Spire in a report on Thursday, August 3rd. 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 boosted 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. Finally, J P Morgan Chase & Co boosted their price objective on Spire from $71.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Spire presently has an average rating of “Hold” and a consensus target price of $73.57.

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Several hedge funds have recently modified their holdings of the company. Mosaic Family Wealth LLC lifted its holdings in shares of Spire by 0.3% in the 2nd quarter. Mosaic Family Wealth LLC now owns 4,890 shares of the utilities provider’s stock valued at $341,000 after buying an additional 17 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Spire by 0.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,042 shares of the utilities provider’s stock valued at $770,000 after buying an additional 35 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Spire by 1.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,078 shares of the utilities provider’s stock valued at $284,000 after buying an additional 69 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Spire by 8.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,825 shares of the utilities provider’s stock valued at $127,000 after buying an additional 144 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Spire by 3.5% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,709 shares of the utilities provider’s stock valued at $398,000 after buying an additional 193 shares during the period. 79.06% of the stock is owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Monday, September 11th were issued a $0.525 dividend. The ex-dividend date was Friday, September 8th. This represents a $2.10 annualized dividend and a dividend yield of 2.75%. Spire’s dividend payout ratio (DPR) is presently 60.17%.

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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