Zacks: Brokerages Expect Post Holdings, Inc. (NYSE:POST) to Post $0.29 Earnings Per Share

Wall Street analysts expect Post Holdings, Inc. (NYSE:POSTGet Rating) to report earnings per share (EPS) of $0.29 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Post’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.40. Post also posted earnings per share of $0.29 in the same quarter last year. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Post will report full year earnings of $0.97 per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.40 per share, with EPS estimates ranging from $1.35 to $3.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Post.

Post (NYSE:POSTGet Rating) last posted its earnings results on Thursday, February 3rd. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.05). Post had a return on equity of 4.58% and a net margin of 1.01%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the firm earned $0.72 EPS.

A number of research analysts recently weighed in on the company. Piper Sandler dropped their price objective on Post from $129.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, April 1st. The Goldman Sachs Group reduced their price objective on Post from $132.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, March 16th. StockNews.com assumed coverage on Post in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Truist Financial lowered Post from a “buy” rating to a “hold” rating and reduced their price objective for the company from $120.00 to $70.00 in a research note on Thursday, March 24th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $102.57.

In other news, Director Thomas C. Erb purchased 1,500 shares of the business’s stock in a transaction on Tuesday, February 8th. The stock was purchased at an average price of $105.38 per share, with a total value of $158,070.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 9.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. acquired a new stake in Post during the 3rd quarter worth $32,000. Clearstead Advisors LLC bought a new stake in shares of Post during the third quarter worth approximately $35,000. NEXT Financial Group Inc boosted its holdings in shares of Post by 29.5% during the fourth quarter. NEXT Financial Group Inc now owns 465 shares of the company’s stock worth $52,000 after acquiring an additional 106 shares during the period. Covestor Ltd bought a new stake in shares of Post during the fourth quarter worth approximately $66,000. Finally, Maverick Capital Ltd. acquired a new stake in shares of Post in the fourth quarter valued at approximately $77,000. Institutional investors and hedge funds own 90.41% of the company’s stock.

NYSE:POST opened at $74.39 on Thursday. The firm has a market cap of $4.60 billion, a P/E ratio of 84.53 and a beta of 0.77. The company has a current ratio of 2.59, a quick ratio of 1.93 and a debt-to-equity ratio of 2.89. The stock’s 50 day simple moving average is $79.54 and its 200-day simple moving average is $97.18. Post has a 12-month low of $62.83 and a 12-month high of $78.88.

About Post (Get Rating)

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through five segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail, and BellRing Brands. 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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