Spire Inc (NYSE: SR) has reported E.P.S. of $-0.28 for its third fiscal quarter (ending June 30) versus $-0.48 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $4.11 versus $4.32 for the same period a year ago.
Recent Price Action
Spire Inc (NYSE: SR) stock declined modestly by -1.5% on 7/31/24. The stock closed at $66.59. Moreover, this decline was accompanied by exceptionally high trading volume at 201% of normal. The stock has risen 0.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SR is expected to continue to be a Value Builder.
Spire has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Spire has a good Appreciation Score of 75 but a neutral Power Rating of 42, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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