Post Holdings, Inc. (NYSE:POST) Expected to Post Earnings of $0.58 Per Share

Wall Street brokerages expect Post Holdings, Inc. (NYSE:POSTGet Rating) to post earnings per share of $0.58 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Post’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.76. Post posted earnings per share of $0.93 in the same quarter last year, which would suggest a negative year over year growth rate of 37.6%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Post will report full year earnings of $1.85 per share for the current financial year. For the next year, analysts anticipate that the firm will report earnings of $2.54 per share, with EPS estimates ranging from $1.13 to $3.70. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Post.

Post (NYSE:POSTGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.36 billion. Post had a net margin of 7.54% and a return on equity of 4.19%. The business’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share.

A number of 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. Piper Sandler boosted their price objective on Post from $84.00 to $96.00 in a report on Monday, May 9th. Citigroup assumed coverage on shares of Post in a report on Monday, May 9th. They issued a “buy” rating and a $92.00 price objective on the stock. Truist Financial lowered shares of Post from a “buy” rating to a “hold” rating and lowered their target price for the stock from $120.00 to $70.00 in a report on Thursday, March 24th. Finally, TheStreet upgraded Post from a “c” rating to a “b” rating in a report on Friday, May 6th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $91.00.

In other Post news, Director Thomas C. Erb bought 12,400 shares of the stock in a transaction on Tuesday, May 10th. The stock was purchased at an average price of $81.26 per share, with a total value of $1,007,624.00. Following the completion of the purchase, the director now owns 22,075 shares in the company, valued at $1,793,814.50. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert E. Grote sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $78.91, for a total transaction of $394,550.00. Following the completion of the sale, the director now owns 8,987 shares in the company, valued at $709,164.17. The disclosure for this sale can be found here. 9.70% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Post by 2.0% during the 4th quarter. BlackRock Inc. now owns 4,786,818 shares of the company’s stock valued at $539,617,000 after acquiring an additional 95,320 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Post by 7.7% during the 1st quarter. JPMorgan Chase & Co. now owns 3,755,363 shares of the company’s stock worth $260,096,000 after buying an additional 267,180 shares during the period. Clarkston Capital Partners LLC grew its holdings in Post by 101.6% during the 1st quarter. Clarkston Capital Partners LLC now owns 2,691,276 shares of the company’s stock worth $186,398,000 after acquiring an additional 1,356,326 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Post by 3.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,226,456 shares of the company’s stock worth $245,275,000 after purchasing an additional 80,770 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Post by 23.2% in the first quarter. Thompson Siegel & Walmsley LLC now owns 1,791,039 shares of the company’s stock valued at $124,047,000 after purchasing an additional 336,982 shares during the period. Institutional investors own 90.62% of the company’s stock.

Shares of NYSE:POST opened at $77.13 on Wednesday. Post has a twelve month low of $62.83 and a twelve month high of $82.99. The firm has a market cap of $4.69 billion, a PE ratio of 10.16 and a beta of 0.66. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.95 and a current ratio of 2.60. The business has a fifty day moving average of $73.41 and a 200-day moving average of $94.49.

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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