Spire (NYSE:SR) Announces Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Spire (NYSE:SR) announced its quarterly earnings results on Tuesday. The utilities provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.24, Briefing.com reports. Spire had a return on equity of 8.78% and a net margin of 10.96%.During the same period in the prior year, the firm earned $1.34 earnings per share. Spire’s quarterly revenue was up 13.9% on a year-over-year basis. Spire updated its FY 2027 guidance to 5.650-5.850 EPS and its FY 2026 guidance to 5.250-5.450 EPS.

Spire Stock Performance

Shares of NYSE:SR opened at $85.21 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.32 and a quick ratio of 0.21. Spire has a 1 year low of $68.48 and a 1 year high of $91.11. The firm has a market capitalization of $5.04 billion, a PE ratio of 19.37, a P/E/G ratio of 1.51 and a beta of 0.67. The business’s 50 day moving average price is $83.66 and its 200-day moving average price is $81.64.

Spire Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, March 11th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, March 11th. Spire’s dividend payout ratio (DPR) is 75.00%.

Institutional Investors Weigh In On Spire

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp grew its holdings in shares of Spire by 1.9% during the second quarter. State Street Corp now owns 3,351,641 shares of the utilities provider’s stock worth $247,162,000 after buying an additional 61,851 shares in the last quarter. Captrust Financial Advisors grew its stake in Spire by 7.7% during the 2nd quarter. Captrust Financial Advisors now owns 1,135,167 shares of the utilities provider’s stock valued at $82,856,000 after acquiring an additional 80,929 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Spire by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,021,878 shares of the utilities provider’s stock valued at $83,303,000 after acquiring an additional 14,740 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in Spire by 158.1% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,000,000 shares of the utilities provider’s stock valued at $72,990,000 after acquiring an additional 612,500 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Spire by 44.4% in the 3rd quarter. Invesco Ltd. now owns 846,263 shares of the utilities provider’s stock worth $68,987,000 after purchasing an additional 260,344 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Analyst Upgrades and Downgrades

SR has been the topic of several analyst reports. UBS Group raised their price target on shares of Spire from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Jefferies Financial Group reissued a “buy” rating and set a $99.00 target price on shares of Spire in a research note on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and issued a $93.00 price target on shares of Spire in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Spire in a report on Monday, December 29th. Finally, Stifel Nicolaus raised their price objective on Spire from $81.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.36.

Spire Company Profile

Spire Inc (NYSE: SR), formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire’s service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.