Shares of Spire Inc (NYSE:SR) have received an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $79.75.
A number of equities analysts recently weighed in on the company. Zacks Investment Research cut Spire from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Wells Fargo & Co cut Spire from an “outperform” rating to a “market perform” rating and set a $92.00 price objective on the stock. in a report on Friday, May 24th. They noted that the move was a valuation call. Morgan Stanley set a $80.00 price objective on Spire and gave the company a “sell” rating in a report on Thursday, May 16th. Finally, Credit Suisse Group set a $75.00 price objective on Spire and gave the company a “sell” rating in a report on Monday, April 22nd.
In related news, Director Edward L. Glotzbach purchased 8,000 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were acquired at an average cost of $26.00 per share, with a total value of $208,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.
Shares of SR traded down $0.25 during trading hours on Thursday, reaching $82.16. 406,043 shares of the company’s stock traded hands, compared to its average volume of 302,880. The company has a market capitalization of $4.35 billion, a PE ratio of 22.09, a PEG ratio of 4.88 and a beta of 0.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.50 and a current ratio of 0.59. The firm’s 50 day simple moving average is $84.79. Spire has a 12 month low of $70.50 and a 12 month high of $87.13.
Spire (NYSE:SR) last issued its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). The business had revenue of $321.30 million for the quarter, compared to the consensus estimate of $333.14 million. Spire had a net margin of 11.12% and a return on equity of 8.05%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. Analysts expect that Spire will post 3.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 11th will be issued a dividend of $0.592 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 2.88%. Spire’s dividend payout ratio is 63.71%.
Spire Company Profile
Spire Inc, through 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 two segments, Gas Utility and Gas Marketing. It is also involved in marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.
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