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

Spire (NYSE:SR) announced its quarterly earnings results on Monday. The utilities provider reported ($0.54) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.52) by ($0.02), Fidelity Earnings reports. Spire had a return on equity of 7.56% and a net margin of 9.74%. The company had revenue of $225.60 million for the quarter, compared to analyst estimates of $243.88 million.

NYSE SR opened at $77.81 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.40 and a current ratio of 0.53. The firm has a market cap of $3.91 billion, a PE ratio of 21.59, a P/E/G ratio of 3.64 and a beta of 0.15. Spire has a one year low of $70.53 and a one year high of $88.00. The firm’s fifty day moving average is $82.31 and its two-hundred day moving average is $83.92.

In other Spire news, EVP Steven P. Rasche acquired 1,108 shares of the company’s stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $27.20 per share, for a total transaction of $30,137.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.

Several brokerages recently commented on SR. Zacks Investment Research upgraded shares of Spire from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine upgraded shares of Spire from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley cut their price target 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. Finally, Wells Fargo & Co lifted their price target on shares of Spire from $89.00 to $90.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price 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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