Spire (SR) Earning Somewhat Positive Press Coverage, Analysis Shows
Press coverage about Spire (NYSE:SR) has trended somewhat positive on Sunday, Alpha One reports. The research group, a unit of Accern, identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Spire earned a news sentiment score of 0.14 on Alpha One’s scale. Alpha One also gave news coverage about the utilities provider an impact score of 33 out of 100, indicating that recent press coverage is unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Alpha One Sentiment Analysis’s rankings:
- Spire Inc. (SR) Expected to Announce Quarterly Sales of $300.96 Million (americanbankingnews.com)
- $300.96 Million in Sales Expected for Spire Inc. (SR) This Quarter (americanbankingnews.com)
- Brokerages Anticipate Spire Inc. (SR) Will Post Earnings of $0.40 Per Share (americanbankingnews.com)
- Brokerages Anticipate Spire Inc. (SR) to Announce $0.40 EPS (americanbankingnews.com)
Spire (SR) traded down 0.28% during mid-day trading on Friday, reaching $72.25. 393,590 shares of the company’s stock were exchanged. Spire has a 1-year low of $59.54 and a 1-year high of $72.83. The firm’s 50-day moving average is $70.25 and its 200 day moving average is $66.73. The stock has a market capitalization of $3.49 billion, a PE ratio of 22.06 and a beta of 0.35.
Spire (NYSE:SR) last announced its earnings results on Wednesday, May 3rd. The utilities provider reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.01. The company had revenue of $663.40 million during the quarter, compared to analysts’ expectations of $662.43 million. Spire had a net margin of 8.87% and a return on equity of 8.66%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.37 earnings per share. Analysts forecast that Spire will post $3.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Monday, June 12th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, June 8th. Spire’s payout ratio is currently 64.02%.
Several research firms recently weighed in on SR. Morgan Stanley upped their price target on shares of Spire from $70.00 to $71.00 and gave the stock an “underweight” rating in a research report on Monday, May 8th. Zacks Investment Research upgraded shares of Spire from a “sell” rating to a “hold” rating in a report on Saturday, May 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $68.80.
Spire Company Profile
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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