Post Holdings Inc (NYSE:POST) Expected to Announce Earnings of $0.91 Per Share

Brokerages expect Post Holdings Inc (NYSE:POST) to announce $0.91 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Post’s earnings, with estimates ranging from $0.52 to $1.15. Post posted earnings of $1.19 per share in the same quarter last year, which would suggest a negative year over year growth rate of 23.5%. The firm is scheduled to announce its next earnings results on Thursday, August 6th.

According to Zacks, analysts expect that Post will report full year earnings of $3.42 per share for the current year, with EPS estimates ranging from $2.79 to $4.40. For the next fiscal year, analysts anticipate that the business will post earnings of $5.22 per share, with EPS estimates ranging from $4.42 to $5.80. Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for Post.

Post (NYSE:POST) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.26). Post had a positive return on equity of 9.54% and a negative net margin of 2.35%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the business earned $1.31 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis.

A number of research analysts have commented on POST shares. Wells Fargo & Co cut their target price on shares of Post from $120.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, May 4th. SunTrust Banks raised their target price on shares of Post from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Jefferies Financial Group reissued a “buy” rating on shares of Post in a research report on Monday, May 11th. BMO Capital Markets cut their price objective on shares of Post from $115.00 to $108.00 and set a “market perform” rating on the stock in a research report on Monday, May 11th. Finally, Goldman Sachs Group raised shares of Post from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $99.00 to $120.00 in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $116.91.

In other Post news, Director David P. Skarie sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $89.15, for a total transaction of $356,600.00. Following the sale, the director now owns 26,493 shares of the company’s stock, valued at approximately $2,361,850.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Route One Investment Company L.P. lifted its stake in Post by 0.3% during the 4th quarter. Route One Investment Company L.P. now owns 6,168,140 shares of the company’s stock valued at $672,944,000 after acquiring an additional 20,000 shares during the period. JPMorgan Chase & Co. lifted its stake in Post by 2.0% during the 1st quarter. JPMorgan Chase & Co. now owns 3,327,258 shares of the company’s stock valued at $276,063,000 after acquiring an additional 66,778 shares during the period. Bank of Montreal Can lifted its stake in Post by 18.0% during the 4th quarter. Bank of Montreal Can now owns 1,943,429 shares of the company’s stock valued at $212,027,000 after acquiring an additional 295,986 shares during the period. State Street Corp lifted its stake in Post by 3.5% during the 1st quarter. State Street Corp now owns 1,584,594 shares of the company’s stock valued at $131,474,000 after acquiring an additional 53,984 shares during the period. Finally, London Co. of Virginia lifted its stake in shares of Post by 57.2% in the 1st quarter. London Co. of Virginia now owns 1,567,636 shares of the company’s stock valued at $130,067,000 after purchasing an additional 570,213 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Shares of Post stock traded up $1.77 during trading on Tuesday, hitting $87.70. The stock had a trading volume of 337,600 shares, compared to its average volume of 585,434. Post has a 12 month low of $68.97 and a 12 month high of $112.89. The firm’s fifty day simple moving average is $87.68 and its 200-day simple moving average is $95.78. The stock has a market cap of $5.86 billion, a PE ratio of -43.63 and a beta of 0.57. The company has a debt-to-equity ratio of 2.50, a current ratio of 3.23 and a quick ratio of 2.46.

About Post

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through Post Consumer Brands, Weetabix, Refrigerated Food, and Active Nutrition segments. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.

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