Zacks Research Weighs in on Spire’s Q1 Earnings (NYSE:SR)

Spire Inc. (NYSE:SR) – Zacks Research boosted their Q1 2027 earnings per share estimates for Spire in a report issued on Wednesday, September 2nd. Zacks Research analyst Team now expects that the utilities provider will post earnings of $1.85 per share for the quarter, up from their prior forecast of $1.84. The consensus estimate for Spire’s current full-year earnings is $4.01 per share. Zacks Research also issued estimates for Spire’s Q3 2028 earnings at $0.18 EPS and FY2028 earnings at $6.11 EPS.

Spire (NYSE:SR) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.06. Spire had a return on equity of 8.65% and a net margin of 21.48%.The firm had revenue of $420.20 million during the quarter, compared to analysts’ expectations of $394.62 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. Spire has set its FY 2026 guidance at 3.900-4.100 EPS.

SR has been the subject of a number of other research reports. BTIG Research set a $101.00 price target on Spire in a report on Thursday, July 23rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $85.00 price objective (up from $84.00) on shares of Spire in a research report on Friday, June 26th. UBS Group cut their target price on Spire from $106.00 to $103.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Wells Fargo & Company initiated coverage on shares of Spire in a research report on Monday, May 11th. They set an “overweight” rating and a $96.00 price objective on the stock. Finally, Weiss Ratings raised shares of Spire from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Two research 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

Spire Stock Up 0.2%

SR opened at $82.98 on Thursday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.27 and a current ratio of 0.37. The company has a market capitalization of $4.91 billion, a P/E ratio of 9.25, a P/E/G ratio of 1.85 and a beta of 0.54. Spire has a fifty-two week low of $73.91 and a fifty-two week high of $95.31. The stock has a fifty day moving average of $81.39 and a 200-day moving average of $85.63.

Institutional Investors Weigh In On Spire

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new stake in Spire in the 1st quarter worth approximately $3,631,000. South Street Advisors LLC purchased a new position in shares of Spire during the 4th quarter worth about $15,213,000. Quantinno Capital Management LP boosted its holdings in Spire by 104.7% during the 1st quarter. Quantinno Capital Management LP now owns 45,257 shares of the utilities provider’s stock valued at $4,098,000 after acquiring an additional 23,149 shares during the period. Hsbc Holdings PLC purchased a new position in Spire in the 4th quarter worth about $1,490,000. Finally, Hennessy Advisors Inc. increased its position in shares of Spire by 15.7% during the second quarter. Hennessy Advisors Inc. now owns 60,441 shares of the utilities provider’s stock worth $4,720,000 after acquiring an additional 8,200 shares during the period. Institutional investors own 87.36% of the company’s stock.

Insider Activity

In other news, SVP Ryan L. Hyman sold 3,822 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $80.51, for a total value of $307,709.22. Following the sale, the senior vice president directly owned 14,295 shares of the company’s stock, valued at $1,150,890.45. This represents a 21.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul D. Koonce purchased 500 shares of the stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $78.46 per share, with a total value of $39,230.00. Following the transaction, the director owned 8,000 shares in the company, valued at $627,680. The trade was a 6.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.26% of the stock is currently owned by corporate insiders.

Spire Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 11th. Spire’s dividend payout ratio is presently 36.79%.

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.