Spire (NYSE:SR) Updates FY25 Earnings Guidance

Spire (NYSE:SR) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $4.40-$4.60 for the period, compared to the consensus EPS estimate of $4.55. Spire also updated its FY 2025 guidance to 4.400-4.600 EPS.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SR. Mizuho raised their target price on Spire from $62.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday. UBS Group upped their target price on shares of Spire from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley lowered their price target on shares of Spire from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday. StockNews.com cut shares of Spire from a “hold” rating to a “sell” rating in a report on Thursday. Finally, LADENBURG THALM/SH SH lowered shares of Spire from a “neutral” rating to a “sell” rating and lowered their target price for the company from $65.50 to $60.50 in a report on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.06.

Spire Trading Up 2.7 %

NYSE:SR opened at $72.55 on Friday. The company has a 50 day simple moving average of $65.74 and a two-hundred day simple moving average of $63.76. The company has a market cap of $4.19 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 3.13 and a beta of 0.52. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 1.24. Spire has a 12 month low of $56.36 and a 12 month high of $72.71.

Spire Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Wednesday, December 11th will be paid a dividend of $3.14 per share. This is an increase from Spire’s previous quarterly dividend of $0.76. This represents a $12.56 dividend on an annualized basis and a dividend yield of 17.31%. The ex-dividend date of this dividend is Wednesday, December 11th. Spire’s payout ratio is currently 70.07%.

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.