Spire (NYSE:SR) posted its quarterly earnings results on Monday. The utilities provider reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.37, MarketWatch Earnings reports. The company had revenue of $290.20 million for the quarter, compared to analyst estimates of $254.89 million. Spire had a net margin of 11.74% and a return on equity of 10.87%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.37) earnings per share. Spire updated its FY22 guidance to $3.70-4.00 EPS and its FY 2022 guidance to $3.700-$4.000 EPS.
Spire stock opened at $62.69 on Wednesday. The company has a 50 day moving average price of $63.01. Spire has a 1-year low of $59.29 and a 1-year high of $77.95. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.53 and a current ratio of 0.70. The stock has a market cap of $3.24 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 2.74 and a beta of 0.31.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 4th. Stockholders of record on Friday, December 10th will be paid a $0.685 dividend. This is a boost from Spire’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, December 9th. This represents a $2.74 annualized dividend and a dividend yield of 4.37%. Spire’s dividend payout ratio is 54.39%.
Institutional investors have recently bought and sold shares of the company. LPL Financial LLC raised its stake in Spire by 3.3% during the 3rd quarter. LPL Financial LLC now owns 11,419 shares of the utilities provider’s stock worth $699,000 after acquiring an additional 361 shares in the last quarter. UBS Group AG raised its stake in Spire by 26.4% during the 3rd quarter. UBS Group AG now owns 37,464 shares of the utilities provider’s stock worth $2,292,000 after acquiring an additional 7,829 shares in the last quarter. Finally, Morgan Stanley raised its stake in Spire by 55.2% during the 2nd quarter. Morgan Stanley now owns 155,120 shares of the utilities provider’s stock worth $11,210,000 after acquiring an additional 55,164 shares in the last quarter. 83.15% of the stock is owned by institutional investors and hedge funds.
Spire Company Profile
Spire Inc operates as a public utility holding company, which provides natural gas service through its utility operations while engaging in non-regulated activities. It operates through the following business segments: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated operations of Laclede Gas Company and Alabama Gas Corporation.
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