Somewhat Favorable News Coverage Somewhat Unlikely to Affect Spire (SR) Share Price
Press coverage about Spire (NYSE:SR) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Spire earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 47.9997572591342 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Gabelli Weighs in on Spire Inc.’s FY2020 Earnings (SR) (americanbankingnews.com)
- Spire Inc. Forecasted to Post FY2021 Earnings of $4.30 Per Share (SR) (americanbankingnews.com)
- Edited Transcript of SR earnings conference call or presentation 15-Nov-17 4:30pm GMT (finance.yahoo.com)
- Stifel Nicolaus Raises Spire Inc. (SR) Price Target to $75.00 (americanbankingnews.com)
- Spire Inc. (SR) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS (americanbankingnews.com)
Several research analysts recently issued reports on SR shares. Stifel Nicolaus reissued a “hold” rating and set a $71.00 target price on shares of Spire in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and set a $73.00 target price on shares of Spire in a research note on Wednesday, August 9th. Morgan Stanley increased their target price on shares of Spire from $68.00 to $73.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Spire from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research note on Wednesday, October 4th. Finally, J P Morgan Chase & Co increased their target price on shares of Spire from $71.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $75.00.
Spire (NYSE:SR) traded down $0.35 during trading on Tuesday, hitting $78.20. 109,600 shares of the company’s stock were exchanged, compared to its average volume of 187,337. Spire has a 12-month low of $62.33 and a 12-month high of $79.65. The company has a market capitalization of $3,791.36, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 3.97 and a beta of 0.30. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.46.
Spire (NYSE:SR) last released its quarterly earnings data on Wednesday, November 15th. The utilities provider reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.04. Spire had a net margin of 9.28% and a return on equity of 8.71%. The firm had revenue of $258.70 million for the quarter, compared to analyst estimates of $271.65 million. During the same period last year, the firm earned ($0.32) earnings per share. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. sell-side analysts forecast that Spire will post 3.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Monday, December 11th will be paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 2.88%. This is a positive change from Spire’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, December 8th. Spire’s dividend payout ratio (DPR) is 59.66%.
Spire Company Profile
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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