Post (NYSE:POST) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Post (NYSE:POST – Get Rating) released its earnings results on Thursday. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05), MarketWatch Earnings reports. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.36 billion. Post had a net margin of 1.01% and a return on equity of 4.58%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 EPS.

Shares of POST stock traded up $5.25 during mid-day trading on Friday, hitting $80.75. The stock had a trading volume of 898,358 shares, compared to its average volume of 398,321. Post has a 12-month low of $62.83 and a 12-month high of $81.26. The firm has a market capitalization of $5.00 billion, a P/E ratio of 10.64 and a beta of 0.66. The firm’s 50-day moving average is $76.48 and its two-hundred day moving average is $96.21. The company has a debt-to-equity ratio of 2.89, a current ratio of 2.59 and a quick ratio of 1.93.

In other news, Director Thomas C. Erb bought 1,500 shares of the stock in a transaction on Tuesday, February 8th. The stock was acquired at an average cost of $105.38 per share, for a total transaction of $158,070.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 9.70% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. lifted its stake in shares of Post by 14.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,011 shares of the company’s stock worth $215,000 after purchasing an additional 391 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Post by 2.0% during the 4th quarter. BlackRock Inc. now owns 4,786,818 shares of the company’s stock worth $539,617,000 after purchasing an additional 95,320 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Post by 3.6% during the 4th quarter. Parametric Portfolio Associates LLC now owns 114,694 shares of the company’s stock worth $12,929,000 after purchasing an additional 3,967 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Post by 0.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 15,435 shares of the company’s stock worth $1,740,000 after purchasing an additional 115 shares during the last quarter. Finally, NEXT Financial Group Inc raised its stake in Post by 29.5% in the fourth quarter. NEXT Financial Group Inc now owns 465 shares of the company’s stock valued at $52,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 90.62% of the company’s stock.

Several brokerages have commented on POST. StockNews.com began coverage on Post in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. The Goldman Sachs Group cut 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. Piper Sandler cut their price objective on Post from $129.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, April 1st. Finally, Truist Financial downgraded Post from a “buy” rating to a “hold” rating and cut their price objective for the company from $120.00 to $70.00 in a research report on Thursday, March 24th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $102.57.

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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