Spire (SR) Getting Somewhat Positive Press Coverage, Study Finds
News coverage about Spire (NYSE:SR) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of 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 0.11 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 45.8512714775283 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several brokerages have recently commented on SR. Morgan Stanley increased their price objective on Spire from $73.00 to $75.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. ValuEngine lowered Spire from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Royal Bank of Canada reiterated a “hold” rating and set a $73.00 price objective on shares of Spire in a research report on Monday, October 16th. Stifel Nicolaus increased their price objective on Spire from $71.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, November 16th. Finally, JPMorgan Chase & Co. increased their price objective on Spire from $71.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Spire currently has an average rating of “Hold” and a consensus target price of $75.33.
Shares of Spire (SR) traded up $0.75 during mid-day trading on Wednesday, reaching $74.50. The company had a trading volume of 137,680 shares, compared to its average volume of 186,352. The stock has a market cap of $3,570.00, a PE ratio of 21.16, a PEG ratio of 3.98 and a beta of 0.31. Spire has a 52 week low of $62.33 and a 52 week high of $82.85. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.46.
Spire (NYSE:SR) last issued its earnings results on Wednesday, November 15th. The utilities provider reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.04. The company had revenue of $258.70 million during the quarter, compared to analysts’ expectations of $271.65 million. Spire had a return on equity of 8.71% and a net margin of 9.28%. Spire’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.32) EPS. research analysts anticipate that Spire will post 3.72 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 11th will be issued a dividend of $0.5625 per share. The ex-dividend date of this dividend is Friday, December 8th. This is a boost from Spire’s previous quarterly dividend of $0.53. This represents a $2.25 annualized dividend and a yield of 3.02%. Spire’s dividend payout ratio is currently 63.92%.
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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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