Spire (NYSE:SR) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Spire (NYSE:SR) released its quarterly earnings data on Friday. The utilities provider reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.01), FiscalAI reports. The firm had revenue of $334.10 million for the quarter, compared to the consensus estimate of $439.56 million. Spire had a net margin of 11.56% and a return on equity of 8.66%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.54) earnings per share. Spire updated its FY 2027 guidance to 5.650-5.850 EPS and its FY 2026 guidance to 5.250-5.450 EPS.

Spire Price Performance

Shares of NYSE SR traded down $2.10 during mid-day trading on Friday, reaching $87.06. The company had a trading volume of 832,573 shares, compared to its average volume of 455,793. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 2.50 and a beta of 0.72. The business’s 50-day simple moving average is $83.24 and its 200 day simple moving average is $77.76. Spire has a one year low of $64.44 and a one year high of $91.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.27 and a current ratio of 0.37.

Spire Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Thursday, December 11th will be issued a dividend of $0.825 per share. This is an increase from Spire’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $3.30 annualized dividend and a dividend yield of 3.8%. Spire’s payout ratio is currently 67.82%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SR shares. Bank of America raised shares of Spire from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $76.00 to $89.00 in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Spire in a research report on Wednesday, October 8th. Morgan Stanley set a $91.00 price target on shares of Spire and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. UBS Group upped their price objective on Spire from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, BTIG Research raised Spire to a “strong-buy” rating in a report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.08.

Hedge Funds Weigh In On Spire

Hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Spire during the 2nd quarter worth approximately $38,000. Northwestern Mutual Wealth Management Co. raised its position in Spire by 1,031.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 611 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 557 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in Spire during the second quarter worth $48,000. Parallel Advisors LLC boosted its holdings in shares of Spire by 24.2% in the 3rd quarter. Parallel Advisors LLC now owns 975 shares of the utilities provider’s stock valued at $80,000 after purchasing an additional 190 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Spire by 66.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the utilities provider’s stock valued at $124,000 after purchasing an additional 681 shares in the last quarter. 87.36% of the stock is owned by institutional investors.

About Spire

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.