Spire (NYSE:SR) Releases Earnings Results, Misses Estimates By $0.02 EPS

Spire (NYSE:SR) released its earnings results on Monday. The utilities provider reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.02), Fidelity Earnings reports. Spire had a net margin of 9.37% and a return on equity of 7.60%. The firm had revenue of $225.60 million for the quarter, compared to analysts’ expectations of $243.88 million.

Shares of SR stock opened at $77.75 on Thursday. The stock has a market cap of $3.90 billion, a P/E ratio of 20.84, a PEG ratio of 3.63 and a beta of 0.15. Spire has a 52 week low of $70.53 and a 52 week high of $88.00. The company has a quick ratio of 0.40, a current ratio of 0.53 and a debt-to-equity ratio of 0.86. The company’s fifty day simple moving average is $82.15 and its two-hundred day simple moving average is $83.89.

In related news, EVP Steven P. Rasche purchased 1,108 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were acquired at an average price of $27.20 per share, for a total transaction of $30,137.60. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.90% of the stock is owned by insiders.

A number of research analysts recently weighed in on SR shares. Wells Fargo & Co lifted their target price on shares of Spire from $89.00 to $90.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Zacks Investment Research upgraded shares of Spire from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd. ValuEngine upgraded shares of Spire from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Morgan Stanley lowered their target price on shares of Spire from $83.00 to $81.00 and set an “underweight” rating on the stock in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $84.50.

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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Earnings History for Spire (NYSE:SR)

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