News articles about Spire (NYSE:SR) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Spire earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 45.7423752351345 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
SR has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of Spire from $70.00 to $71.00 and gave the stock an “underweight” rating in a research note on Monday, May 8th. Zacks Investment Research raised shares of Spire from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $73.00 price target on shares of Spire in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $71.00 price target on shares of Spire in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Spire presently has a consensus rating of “Hold” and a consensus price target of $71.43.
Spire (NYSE SR) opened at 75.75 on Friday. The company’s 50 day moving average is $72.32 and its 200-day moving average is $69.02. The stock has a market capitalization of $3.66 billion, a PE ratio of 21.89 and a beta of 0.33. Spire has a 1-year low of $59.54 and a 1-year high of $76.80.
Spire (NYSE:SR) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.05. Spire had a net margin of 9.12% and a return on equity of 8.77%. The business had revenue of $323.50 million during the quarter, compared to analyst estimates of $293.99 million. During the same quarter last year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. Analysts forecast that Spire will post $3.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 11th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, September 8th. Spire’s payout ratio is 60.17%.
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Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.
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