Post (NYSE:POST) Issues Earnings Results, Beats Estimates By $0.11 EPS

Posted by Teresa Graham on Aug 6th, 2022

Post (NYSE:POST – Get Rating) released its quarterly earnings results on Thursday. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11, Briefing.com reports. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.36 billion. Post had a return on equity of 3.54% and a net margin of 11.20%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS.

Post Price Performance

Shares of Post stock traded up $2.39 during trading on Friday, reaching $90.04. The company’s stock had a trading volume of 398,360 shares, compared to its average volume of 304,627. The company has a quick ratio of 1.95, a current ratio of 2.60 and a debt-to-equity ratio of 1.75. Post has a 12-month low of $62.83 and a 12-month high of $90.67. The company has a market capitalization of $5.47 billion, a P/E ratio of 8.00 and a beta of 0.61. The business has a 50 day moving average price of $82.43 and a 200-day moving average price of $85.16.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on POST shares. Citigroup started coverage on Post in a research note on Monday, May 9th. They set a “buy” rating and a $92.00 price target on the stock. TheStreet upgraded Post from a “c” rating to a “b” rating in a research note on Friday, May 6th. Finally, Piper Sandler lifted their target price on Post from $84.00 to $96.00 in a research note on Monday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.75.

Insider Activity at Post

In other news, Director Thomas C. Erb acquired 12,400 shares of Post stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average cost of $81.26 per share, with a total value of $1,007,624.00. Following the completion of the acquisition, the director now owns 22,075 shares in the company, valued at approximately $1,793,814.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robert E. Grote sold 5,000 shares of the business’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $78.91, for a total value of $394,550.00. Following the completion of the transaction, the director now directly owns 8,987 shares of the company’s stock, valued at $709,164.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas C. Erb purchased 12,400 shares of the business’s stock in a transaction dated Tuesday, May 10th. The stock was bought at an average cost of $81.26 per share, with a total value of $1,007,624.00. Following the completion of the acquisition, the director now owns 22,075 shares of the company’s stock, valued at $1,793,814.50. The disclosure for this purchase can be found here. Insiders have sold a total of 9,250 shares of company stock worth $743,390 over the last three months. 9.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Post

Several institutional investors have recently added to or reduced their stakes in POST. Covestor Ltd grew its position in Post by 84.4% during the first quarter. Covestor Ltd now owns 1,075 shares of the company’s stock valued at $74,000 after acquiring an additional 492 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Post in the first quarter worth about $202,000. Advisor Group Holdings Inc. boosted its position in shares of Post by 14.9% in the first quarter. Advisor Group Holdings Inc. now owns 3,011 shares of the company’s stock worth $215,000 after buying an additional 391 shares during the period. HighTower Advisors LLC lifted its stake in shares of Post by 16.1% in the first quarter. HighTower Advisors LLC now owns 3,241 shares of the company’s stock worth $225,000 after acquiring an additional 450 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Post by 71.9% in the first quarter. Brown Brothers Harriman & Co. now owns 5,500 shares of the company’s stock worth $381,000 after acquiring an additional 2,300 shares in the last quarter. 90.62% of the stock is currently owned by institutional investors and hedge funds.

Post Company Profile

(Get 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) cereal and hot cereal products.