Spire (SR) to Release Quarterly Earnings on Wednesday

Spire (NYSE:SR) is projected to post its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Spire to post earnings of $1.42 per share and revenue of $796.11 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Spire Price Performance

Shares of NYSE SR opened at $70.99 on Monday. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 1.24. The stock has a fifty day simple moving average of $69.05 and a two-hundred day simple moving average of $66.87. Spire has a 1-year low of $56.36 and a 1-year high of $73.64. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 2.65 and a beta of 0.57.

Spire Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.785 per share. The ex-dividend date is Tuesday, March 11th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 4.42%. Spire’s dividend payout ratio is presently 72.85%.

Insider Transactions at Spire

In other Spire news, Treasurer Adam W. Woodard sold 1,150 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $67.47, for a total value of $77,590.50. Following the transaction, the treasurer now owns 2,587 shares in the company, valued at approximately $174,544.89. The trade was a 30.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul D. Koonce bought 1,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were purchased at an average price of $73.61 per share, with a total value of $73,610.00. Following the completion of the acquisition, the director now owns 2,425 shares of the company’s stock, valued at $178,504.25. This trade represents a 70.18 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America initiated coverage on Spire in a research note on Friday, December 13th. They issued a “neutral” rating and a $70.00 price objective on the stock. LADENBURG THALM/SH SH cut Spire from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $65.50 to $60.50 in a report on Thursday, October 17th. Wells Fargo & Company upped their price target on Spire from $73.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Janney Montgomery Scott started coverage on shares of Spire in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $73.00 price objective for the company. Finally, Morgan Stanley decreased their target price on shares of Spire from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Spire has an average rating of “Hold” and a consensus price target of $71.50.

Spire Company Profile

Spire Inc, together with 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 three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.