What is Scotiabank’s Forecast for Spire FY2026 Earnings?

Spire Inc. (NYSE:SR) – Research analysts at Scotiabank issued their FY2026 earnings estimates for shares of Spire in a research report issued on Thursday, October 1st. Scotiabank analyst I. Rapp anticipates that the utilities provider will earn $3.99 per share for the year. Scotiabank has a “Sector Perform” rating and a $79.00 price objective on the stock. The consensus estimate for Spire’s current full-year earnings is $4.00 per share. Scotiabank also issued estimates for Spire’s FY2027 earnings at $5.49 EPS.

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

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $85.00 price target (up from $84.00) on shares of Spire in a report on Friday, June 26th. Morgan Stanley cut their price objective on Spire from $91.00 to $88.00 and set an “overweight” rating for the company in a report on Friday, September 18th. BTIG Research reiterated a “buy” rating and set a $102.00 price objective on shares of Spire in a research report on Monday, September 21st. Weiss Ratings downgraded Spire from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Finally, Mizuho assumed coverage on Spire in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $88.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $92.50.

Spire Trading Up 1.0%

Shares of SR stock opened at $78.16 on Monday. Spire has a 12-month low of $74.84 and a 12-month high of $95.31. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 1.61. The firm’s 50 day moving average is $80.77 and its 200 day moving average is $83.64. The stock has a market capitalization of $4.62 billion, a P/E ratio of 8.71, a P/E/G ratio of 1.26 and a beta of 0.52.

Spire Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were paid a dividend of $0.8250 per share. This represents a $3.30 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, September 11th. Spire’s dividend payout ratio (DPR) is currently 36.79%.

Institutional Investors Weigh In On Spire

A number of hedge funds have recently modified their holdings of SR. BlackRock Inc. bought a new position in shares of Spire in the second quarter worth approximately $667,642,000. Bank of New York Mellon Corp bought a new stake in shares of Spire during the 2nd quarter valued at $45,993,000. Norges Bank purchased a new position in shares of Spire during the 4th quarter valued at $46,226,000. The Manufacturers Life Insurance Company purchased a new position in shares of Spire during the 2nd quarter valued at $37,427,000. Finally, Bank of America Corp DE bought a new position in Spire in the 2nd quarter worth $28,970,000. Institutional investors own 87.36% of the company’s stock.

Spire Company Profile

Spire Inc is a diversified natural gas company headquartered in St. Louis, Missouri. Through its regulated utility operations, the company distributes natural gas to residential, commercial, and industrial customers in Missouri and Alabama.

Spire’s business includes natural gas distribution, gas storage and transportation, and related energy services. Its operations also include natural gas marketing and midstream activities, which support the delivery and management of natural gas for utility and other customers.

The company traces its history to 1857, when it was established as Laclede Gas Light Company.