Brokerages forecast that Spire Inc. (NYSE:SR) will report sales of $250.78 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Spire’s earnings, with the highest sales estimate coming in at $271.37 million and the lowest estimate coming in at $230.19 million. Spire reported sales of $279.30 million during the same quarter last year, which indicates a negative year-over-year growth rate of 10.2%. The company is expected to announce its next earnings results on Tuesday, November 21st.

On average, analysts expect that Spire will report full year sales of $250.78 million for the current fiscal year, with estimates ranging from $1.65 billion to $1.75 billion. For the next year, analysts expect that the business will post sales of $1.72 billion per share, with estimates ranging from $1.60 billion to $1.83 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Spire.

Spire (NYSE:SR) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. Spire had a net margin of 9.12% and a return on equity of 8.77%. The business had revenue of $323.50 million during the quarter, compared to analyst estimates of $293.99 million. During the same quarter in the previous year, the business earned $0.33 EPS. Spire’s quarterly revenue was up 29.8% compared to the same quarter last year.

A number of analysts have recently issued reports on SR shares. Zacks Investment Research upgraded shares of Spire from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Wednesday, July 12th. Royal Bank Of Canada restated a “hold” rating and set a $73.00 target price on shares of Spire in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $71.00 price objective on shares of Spire in a research note on Thursday, August 3rd. Finally, Morgan Stanley lifted their price objective 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $71.83.

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Large investors have recently made changes to their positions in the stock. Archford Capital Strategies LLC raised its stake in shares of Spire by 66.5% in the second quarter. Archford Capital Strategies LLC now owns 1,807 shares of the utilities provider’s stock valued at $168,000 after buying an additional 722 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Spire by 11.2% in the second quarter. Public Employees Retirement System of Ohio now owns 2,070 shares of the utilities provider’s stock valued at $144,000 after buying an additional 209 shares during the period. Verition Fund Management LLC raised its stake in shares of Spire by 12.5% in the second quarter. Verition Fund Management LLC now owns 53,995 shares of the utilities provider’s stock valued at $3,766,000 after buying an additional 5,995 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of Spire during the second quarter valued at about $728,000. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Spire by 7.4% in the second quarter. Ameritas Investment Partners Inc. now owns 4,147 shares of the utilities provider’s stock valued at $289,000 after buying an additional 284 shares during the period. 78.59% of the stock is currently owned by institutional investors.

Shares of Spire (SR) opened at 75.85 on Friday. Spire has a 1-year low of $59.54 and a 1-year high of $76.80. The company has a 50 day moving average of $72.50 and a 200 day moving average of $69.10. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 21.92 and a beta of 0.33.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Monday, September 11th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, September 8th. Spire’s dividend payout ratio (DPR) is presently 60.17%.

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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