Spire (SR) is Initiated by Ladenburg Thalmann to Neutral

Spire (SR) was Initiated by Ladenburg Thalmann to “Neutral”. Ladenburg Thalmann advised their investors in a research report released on Aug 19, 2016.

On the company’s financial health, Spire reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.27. The company had revenue of $249.30 million for the quarter, compared to analysts expectations of $290.50 million. The company’s revenue was down -9.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.25 EPS.

Investors should note that on Jul 28, 2016, Spire announced a cash dividend of $0.4900. The company’s management has announced Sep 8, 2016 as the ex-dividend date and fixed the record date on Sep 12, 2016. The payable date has been fixed on Oct 4, 2016.


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