Zacks: Brokers expect Post Holdings, Inc. (NYSE:POST) to post $0.29 per share earnings
Wall Street analysts expect Post Holdings, Inc. (NYSE:POST – Get Rating) to report earnings per share (EPS) of $0.29 for the current fiscal quarter, Zacks reports. Three analysts provided Post earnings estimates, with the lowest EPS estimate of $0.19 and the highest estimate of $0.40. Post also posted earnings per share of $0.29 in the same quarter last year. The company is expected to release its next quarterly results after the market closes on Monday, January 1.
According to Zacks, analysts expect Post to report annual earnings of $0.97 per share for the current year. For the next fiscal year, analysts expect the company to report earnings of $2.40 per share, with EPS estimates ranging from $1.35 to $3.50. Zacks Investment Research’s EPS averages are an average average based on a survey of sell-side research analysts who track Post.
Post (NYSE:POST – Get Rating) last released its results on Thursday, February 3. The company reported earnings per share of $0.29 for the quarter, missing the consensus estimate of $0.34 per ($0.05). Post had a return on equity of 4.58% and a net margin of 1.01%. The company posted revenue of $1.64 billion for the quarter, versus $1.64 billion for analysts. In the same quarter of the previous year, the company achieved EPS of $0.72.
A number of research analysts have weighed in on the company recently. Piper Sandler lowered its price target on Post from $129.00 to $75.00 and set an “overweight” rating on the stock in a Friday, April 1 report. Goldman Sachs Group cut its price target on Post from $132.00 to $85.00 and set a “buy” rating on the stock in a Wednesday, March 16 research report. StockNews.com assumed coverage from Post in a research note on Thursday, March 31. They issued a “holding” rating on the stock. Finally, Truist Financial downgraded Post from a “buy” rating to a “hold” rating and reduced its price target for the company from $120.00 to $70.00 in a Thursday, March 24 research note. . Four analysts rated the stock with a hold rating and six gave the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $102.57.
Separately, director Thomas C. Erb purchased 1,500 shares of the company in a transaction on Tuesday, February 8. The shares were 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, accessible via this link. Company insiders own 9.70% of the company’s shares.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Moors & Cabot Inc. acquired a new stake in Post during Q3 for $32,000. Clearstead Advisors LLC purchased a new stake in shares of Post during the third quarter worth approximately $35,000. NEXT Financial Group Inc increased its holdings of Post stock by 29.5% during the fourth quarter. NEXT Financial Group Inc now owns 465 shares of the company worth $52,000 after acquiring 106 additional shares during the period. Covestor Ltd purchased a new stake in shares of Post during the fourth quarter worth approximately $66,000. Finally, Maverick Capital Ltd. acquired a new equity stake in Post in the fourth quarter valued at approximately $77,000. Institutional investors and hedge funds own 90.41% of the company’s shares.
NYSE:POST opened at $74.39 on Thursday. The company has a market capitalization 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 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 the post (Get a 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) cereals and hot cereals.
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