Post Holdings, Inc. (NYSE:POST) Expected to Announce Quarterly Sales of $1.67 Billion

Wall Street brokerages expect Post Holdings, Inc. (NYSE:POST) to announce $1.67 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Post’s earnings, with the highest sales estimate coming in at $1.68 billion and the lowest estimate coming in at $1.65 billion. Post reported sales of $1.46 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.4%. The firm is scheduled to issue its next earnings report on Thursday, February 3rd.

On average, analysts expect that Post will report full year sales of $6.71 billion for the current financial year, with estimates ranging from $6.44 billion to $6.87 billion. For the next year, analysts anticipate that the company will post sales of $6.94 billion, with estimates ranging from $6.63 billion to $7.10 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Post.

Post (NYSE:POST) last issued its quarterly earnings data on Thursday, November 18th. The company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.50). Post had a return on equity of 5.84% and a net margin of 3.26%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the business earned $0.58 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis.

A number of brokerages recently issued reports on POST. Truist decreased their target price on shares of Post from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday. Zacks Investment Research upgraded shares of Post from a “sell” rating to a “hold” rating and set a $117.00 target price on the stock in a research report on Monday, October 4th. Citigroup decreased their price target on shares of Post from $128.00 to $122.00 and set a “buy” rating on the stock in a report on Wednesday. Truist Securities decreased their price target on shares of Post from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Monday. Finally, TheStreet lowered shares of Post from a “b” rating to a “c+” rating in a report on Monday, August 2nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Post presently has an average rating of “Buy” and a consensus price target of $121.14.

NYSE POST traded down $0.08 during mid-day trading on Thursday, reaching $103.69. 307,668 shares of the stock were exchanged, compared to its average volume of 382,054. Post has a 1-year low of $90.87 and a 1-year high of $117.91. The business’s fifty day simple moving average is $106.03 and its 200 day simple moving average is $108.97. The stock has a market capitalization of $6.61 billion, a PE ratio of 37.30 and a beta of 0.72. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.54 and a current ratio of 2.26.

In related news, Director Thomas C. Erb bought 2,000 shares of the company’s stock in a transaction dated Monday, November 22nd. The stock was bought at an average price of $103.64 per share, with a total value of $207,280.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 9.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Post by 849.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,622,942 shares of the company’s stock valued at $284,511,000 after buying an additional 2,346,566 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Post by 3.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,226,456 shares of the company’s stock valued at $245,275,000 after buying an additional 80,770 shares during the period. State Street Corp boosted its holdings in shares of Post by 5.8% in the 2nd quarter. State Street Corp now owns 1,496,941 shares of the company’s stock valued at $162,373,000 after buying an additional 82,725 shares during the period. Clarkston Capital Partners LLC boosted its holdings in shares of Post by 11.8% in the 3rd quarter. Clarkston Capital Partners LLC now owns 1,311,000 shares of the company’s stock valued at $144,420,000 after buying an additional 138,110 shares during the period. Finally, Factorial Partners LLC boosted its stake in Post by 19,919.3% during the 1st quarter. Factorial Partners LLC now owns 940,908 shares of the company’s stock valued at $8,900,000 after purchasing an additional 936,208 shares during the period. 92.20% of the stock is owned by institutional investors and hedge funds.

About Post

Post Holdings, Inc is a consumer packaged goods holding company, which engages in operating of center-of-the-store, refrigerated, foodservice, food ingredient, active nutrition, and private brand food categories. It operates through the following segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail, and BellRing Brands.

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