Post Holdings Inc. (POST) Announces Earnings Results
Post Holdings Inc. (NYSE:POST) issued its quarterly earnings results on Thursday. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.17. Post Holdings had a positive return on equity of 5.44% and a negative net margin of 0.76%. The business earned $1.26 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business posted $0.06 EPS. Post Holdings’s revenue for the quarter was down 3.7% compared to the same quarter last year.
Post Holdings (NYSE:POST) opened at 74.75 on Friday. Post Holdings has a one year low of $50.93 and a one year high of $89.00. The company has a 50 day moving average of $77.00 and a 200-day moving average of $79.67. The company’s market cap is $4.83 billion.
A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered Post Holdings from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 28th. BMO Capital Markets restated an “outperform” rating and set a $90.00 price objective on shares of Post Holdings in a research report on Wednesday, August 10th. Finally, Pivotal Research cut their price objective on Post Holdings from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, July 25th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $86.00.
In other Post Holdings news, CEO Richard R. Koulouris sold 21,942 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $85.33, for a total value of $1,872,310.86. Following the completion of the transaction, the chief executive officer now owns 28,334 shares in the company, valued at $2,417,740.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Post Holdings by 1.0% in the second quarter. Vanguard Group Inc. now owns 4,485,790 shares of the company’s stock worth $370,929,000 after buying an additional 43,238 shares during the period. Route One Investment Company L.P. increased its position in shares of Post Holdings by 1.4% in the second quarter. Route One Investment Company L.P. now owns 2,838,583 shares of the company’s stock worth $234,722,000 after buying an additional 39,000 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Post Holdings by 2.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,630,451 shares of the company’s stock worth $202,992,000 after buying an additional 63,599 shares during the period. BlackRock Fund Advisors increased its position in shares of Post Holdings by 4.8% in the third quarter. BlackRock Fund Advisors now owns 2,416,717 shares of the company’s stock worth $186,498,000 after buying an additional 110,089 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Post Holdings by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,887,376 shares of the company’s stock worth $145,649,000 after buying an additional 6,193 shares during the period.
About Post Holdings
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.
Receive News & Stock Ratings for Post Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Post Holdings Inc. and related stocks with our FREE daily email newsletter.