$1.24 Billion in Sales Expected for Post Holdings, Inc. (POST) This Quarter
Brokerages expect Post Holdings, Inc. (NYSE:POST) to announce $1.24 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Post Holdings’ earnings. The lowest sales estimate is $1.22 billion and the highest is $1.27 billion. Post Holdings reported sales of $1.25 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 0.8%. The business is expected to report its next earnings results on Thursday, August 3rd.
On average, analysts expect that Post Holdings will report full-year sales of $1.24 billion for the current financial year, with estimates ranging from $4.99 billion to $5.12 billion. For the next year, analysts forecast that the company will post sales of $5.29 billion per share, with estimates ranging from $5.25 billion to $5.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Post Holdings.
Post Holdings (NYSE:POST) last announced its quarterly earnings data on Monday, May 8th. The company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.05. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. Post Holdings had a net margin of 1.20% and a return on equity of 6.40%. Post Holdings’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share.
Several research firms have issued reports on POST. BidaskClub downgraded Post Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Vertical Group downgraded Post Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Pivotal Research restated a “buy” rating and set a $105.00 target price (up previously from $95.00) on shares of Post Holdings in a research report on Tuesday, April 18th. Zacks Investment Research downgraded Post Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Finally, Stifel Nicolaus restated a “buy” rating and set a $90.00 target price on shares of Post Holdings in a research report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $95.75.
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Several large investors have recently modified their holdings of POST. BlackRock Inc. increased its stake in shares of Post Holdings by 13,702.8% in the first quarter. BlackRock Inc. now owns 5,026,019 shares of the company’s stock worth $439,879,000 after buying an additional 4,989,606 shares during the period. Norges Bank purchased a new position in Post Holdings during the fourth quarter worth approximately $55,909,000. FMR LLC boosted its position in Post Holdings by 16.0% in the first quarter. FMR LLC now owns 4,006,777 shares of the company’s stock worth $350,673,000 after buying an additional 553,741 shares in the last quarter. Iridian Asset Management LLC CT boosted its position in Post Holdings by 16.4% in the first quarter. Iridian Asset Management LLC CT now owns 3,700,317 shares of the company’s stock worth $323,852,000 after buying an additional 522,288 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Post Holdings by 17.1% in the first quarter. Renaissance Technologies LLC now owns 1,235,700 shares of the company’s stock worth $108,148,000 after buying an additional 180,800 shares in the last quarter.
Shares of Post Holdings (NYSE:POST) traded up 0.03% during trading on Friday, reaching $77.11. The company’s stock had a trading volume of 112,479 shares. The stock has a 50-day moving average of $80.63 and a 200-day moving average of $82.86. The stock has a market cap of $5.11 billion, a P/E ratio of 114.75 and a beta of 0.08. Post Holdings has a 52-week low of $68.76 and a 52-week high of $89.04.
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.
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