$1.41 Billion in Sales Expected for Post Holdings, Inc. (POST) This Quarter
Equities research analysts expect Post Holdings, Inc. (NYSE:POST) to announce $1.41 billion in sales for the current quarter, according to Zacks. Two analysts have made estimates for Post Holdings’ earnings. The lowest sales estimate is $1.40 billion and the highest is $1.42 billion. Post Holdings posted sales of $1.26 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 11.9%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 16th.
On average, analysts expect that Post Holdings will report full year sales of $1.41 billion for the current fiscal year, with estimates ranging from $5.18 billion to $5.20 billion. For the next financial year, analysts forecast that the business will post sales of $5.72 billion per share, with estimates ranging from $5.63 billion to $5.81 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Post Holdings.
Post Holdings (NYSE:POST) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Post Holdings had a negative net margin of 0.06% and a positive return on equity of 6.53%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis.
Several equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Post Holdings from a “hold” rating to a “buy” rating in a report on Thursday. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Post Holdings in a report on Monday, July 17th. They set a “buy” rating and a $105.00 price objective on the stock. Zacks Investment Research upgraded shares of Post Holdings from a “strong sell” rating to a “strong-buy” rating and set a $88.00 price objective on the stock in a report on Wednesday, July 12th. Barclays PLC restated a “buy” rating on shares of Post Holdings in a report on Friday, July 7th. Finally, TheStreet downgraded shares of Post Holdings from a “b” rating to a “c” rating in a report on Tuesday, May 30th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Post Holdings currently has a consensus rating of “Buy” and an average price target of $96.00.
Shares of Post Holdings (NYSE:POST) traded up 0.09% during mid-day trading on Friday, hitting $85.37. 407,819 shares of the stock were exchanged. Post Holdings has a 52-week low of $68.76 and a 52-week high of $89.04. The firm’s market cap is $5.65 billion. The stock has a 50-day moving average price of $82.25 and a 200 day moving average price of $83.02.
Post Holdings declared that its board has initiated a stock buyback plan on Wednesday, June 7th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of institutional investors have recently modified their holdings of the company. IndexIQ Advisors LLC increased its position 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 valued at $115,000 after buying an additional 4 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 valued at $170,000 after buying an additional 190 shares during the period. Acadian Asset Management LLC increased its position in shares of Post Holdings by 4,660.4% in the first quarter. Acadian Asset Management LLC now owns 2,285 shares of the company’s stock valued at $200,000 after buying an additional 2,237 shares during the period. Virtu KCG Holdings LLC acquired a new position in shares of Post Holdings during the second quarter valued at $208,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Post Holdings during the second quarter valued at $210,000.
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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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