Share on StockTwits

Post Holdings (NASDAQ:POST) shares reached a new 52-week low during mid-day trading on Friday after the company announced weaker than expected quarterly earnings, AmericanBankingNews.com reports. The stock traded as low as $32.87 and last traded at $36.35, with a volume of 10,603,656 shares. The stock had previously closed at $44.51.

The company reported ($0.30) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.27 by $0.57. The company had revenue of $633.00 million for the quarter, compared to the consensus estimate of $636.70 million. During the same quarter in the prior year, the company posted $0.29 earnings per share.

Separately, analysts at SunTrust downgraded shares of Post Holdings from a “buy” rating to a “neutral” rating in a research note on Friday. They now have a $45.00 price target on the stock, down previously from $70.00. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Post Holdings currently has an average rating of “Hold” and a consensus price target of $57.00.

The stock has a 50-day moving average of $48.0 and a 200-day moving average of $52.02. The company’s market cap is $1.407 billion. Post Holdings also was the recipient of some unusual options trading activity on Thursday. Traders bought 407 call options on the company. This represents an increase of approximately 748% compared to the typical daily volume of 48 call options.

Post Holdings, Inc, is a holding company. The Company is a manufacturer, marketer and distributor of branded ready-to-eat cereals in the United States and Canada.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.