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

Spire (NYSE:SR) released its earnings results on Monday. The utilities provider reported ($0.54) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.52) by ($0.02), Fidelity Earnings reports. Spire had a net margin of 9.74% and a return on equity of 7.56%.

Shares of NYSE:SR opened at $76.93 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.40 and a debt-to-equity ratio of 0.86. Spire has a 1 year low of $70.53 and a 1 year high of $88.00. The business has a fifty day simple moving average of $82.46 and a 200 day simple moving average of $83.95. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 3.64 and a beta of 0.15.

In other news, EVP Steven P. Rasche acquired 1,108 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of $27.20 per share, for a total transaction of $30,137.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on SR. Wells Fargo & Co increased their target price on Spire from $89.00 to $90.00 and gave the company a “market perform” rating in a report on Friday, September 6th. ValuEngine upgraded Spire from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Zacks Investment Research upgraded Spire from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Morgan Stanley reduced their target price on Spire from $83.00 to $81.00 and set an “underweight” rating for the company in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Spire presently 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.

Further Reading: Benefits of owning preferred stock

Earnings History for Spire (NYSE:SR)

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