Post Holdings, Inc. (POST) Bond Prices Rise 1.5% Earnings
An issue of Post Holdings, Inc. (NYSE:POST) debt rose 1.5% as a percentage of its face value during trading on Friday following a dissappointing earnings announcement. The high-yield debt issue has a 5.75% coupon and is set to mature on March 1, 2027. The debt is now trading at $102.75 and was trading at $100.75 one week ago. Price changes in a company’s debt in credit markets often predict parallel changes in its stock price. The company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.05). The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. Post Holdings had a positive return on equity of 6.53% and a negative net margin of 0.06%. Post Holdings’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 earnings per share.
A number of research analysts recently commented on POST shares. BidaskClub downgraded Post Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Zacks Investment Research upgraded Post Holdings from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Saturday, October 28th. Wells Fargo & Company upped their price objective on Post Holdings from $96.00 to $106.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 4th. BMO Capital Markets restated a “buy” rating on shares of Post Holdings in a research note on Monday, November 6th. Finally, Pivotal Research restated a “buy” rating and set a $105.00 price objective on shares of Post Holdings in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $102.29.
Several large investors have recently added to or reduced their stakes in the company. IndexIQ Advisors LLC grew its stake in shares of Post Holdings by 0.3% in the second quarter. IndexIQ Advisors LLC now owns 1,485 shares of the company’s stock worth $115,000 after purchasing an additional 4 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Post Holdings by 2.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 2,744 shares of the company’s stock worth $213,000 after purchasing an additional 60 shares in the last quarter. Utah Retirement Systems grew its stake in shares of Post Holdings by 0.8% in the second quarter. Utah Retirement Systems now owns 11,900 shares of the company’s stock worth $924,000 after purchasing an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Post Holdings 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. Finally, Raymond James Trust N.A. grew its stake in shares of Post Holdings by 6.6% in the second quarter. Raymond James Trust N.A. now owns 3,484 shares of the company’s stock worth $270,000 after purchasing an additional 217 shares in the last quarter.
The stock has a market cap of $5,400.00, a P/E ratio of 33.17 and a beta of 0.11. The company has a quick ratio of 5.47, a current ratio of 6.43 and a debt-to-equity ratio of 2.31.
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Post Holdings Company Profile
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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