$1.42 Billion in Sales Expected for Post Holdings Inc (POST) This Quarter
Equities analysts expect that Post Holdings Inc (NYSE:POST) will post sales of $1.42 billion for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Post’s earnings. The lowest sales estimate is $1.40 billion and the highest is $1.44 billion. Post reported sales of $1.25 billion in the same quarter last year, which would suggest a positive year over year growth rate of 13.6%. The firm is expected to announce its next earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Post will report full-year sales of $1.42 billion for the current year, with estimates ranging from $5.80 billion to $5.96 billion. For the next fiscal year, analysts expect that the business will report sales of $6.14 billion per share, with estimates ranging from $6.04 billion to $6.25 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Post.
Post (NYSE:POST) last posted its quarterly earnings data on Thursday, November 16th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.05). Post had a return on equity of 7.31% and a net margin of 0.92%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm earned $0.61 EPS. The company’s revenue was up 14.9% on a year-over-year basis.
Several equities research analysts recently commented on the stock. BidaskClub raised shares of Post from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Zacks Investment Research downgraded shares of Post from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. BMO Capital Markets upgraded shares of Post from a “market perform” rating to an “outperform” rating and set a $106.00 target price on the stock in a research note on Wednesday, September 20th. Pivotal Research reiterated a “buy” rating and issued a $105.00 target price on shares of Post in a research note on Wednesday, September 20th. Finally, Wells Fargo & Co upped their target price on shares of Post from $96.00 to $106.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $103.25.
Post (POST) traded up $0.92 during trading hours on Thursday, reaching $78.48. 474,718 shares of the company traded hands, compared to its average volume of 799,740. Post has a 1-year low of $75.76 and a 1-year high of $89.04. The company has a debt-to-equity ratio of 2.56, a current ratio of 3.71 and a quick ratio of 2.90. The company has a market capitalization of $5,180.00, a price-to-earnings ratio of 261.60, a P/E/G ratio of 2.12 and a beta of 0.09.
In other Post news, Director David W. Kemper bought 2,500 shares of Post stock in a transaction on Thursday, November 30th. The stock was acquired at an average cost of $79.86 per share, with a total value of $199,650.00. Following the completion of the acquisition, the director now owns 6,700 shares in the company, valued at $535,062. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.40% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. IndexIQ Advisors LLC increased its holdings in Post by 0.3% during the second quarter. IndexIQ Advisors LLC now owns 1,485 shares of the company’s stock valued at $115,000 after buying an additional 4 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Post by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,194 shares of the company’s stock worth $170,000 after purchasing an additional 190 shares in the last quarter. Affinity Wealth Management purchased a new stake in shares of Post in the third quarter worth $205,000. South State Corp purchased a new stake in shares of Post in the third quarter worth $208,000. Finally, ETRADE Capital Management LLC purchased a new stake in shares of Post in the third quarter worth $218,000.
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Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.
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