Zacks: Brokerages Expect Post Holdings, Inc. (POST) to Post $0.93 EPS
Analysts expect that Post Holdings, Inc. (NYSE:POST) will post earnings per share of $0.93 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Post Holdings’ earnings, with estimates ranging from $0.88 to $0.96. Post Holdings posted earnings of $0.61 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 52.5%. The company is expected to announce its next earnings report on Thursday, November 16th.
According to Zacks, analysts expect that Post Holdings will report full year earnings of $2.73 per share for the current fiscal year, with EPS estimates ranging from $2.68 to $2.76. For the next fiscal year, analysts anticipate that the company will post earnings of $3.79 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Post Holdings.
Post Holdings (NYSE:POST) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Post Holdings had a positive return on equity of 6.53% and a negative net margin of 0.06%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis.
A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Post Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Pivotal Research reaffirmed a “buy” rating and issued a $105.00 price target on shares of Post Holdings in a research note on Wednesday, September 20th. Barclays PLC reaffirmed a “buy” rating on shares of Post Holdings in a research note on Friday, July 7th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Post Holdings in a research note on Monday, July 17th. They issued a “buy” rating and a $105.00 price target on the stock. Finally, Zacks Investment Research raised shares of Post Holdings from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Saturday. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $101.83.
A number of institutional investors have recently modified their holdings of POST. IndexIQ Advisors LLC lifted its stake in Post Holdings by 0.3% in the 2nd quarter. IndexIQ Advisors LLC now owns 1,485 shares of the company’s stock worth $115,000 after purchasing an additional 4 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Post Holdings by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,194 shares of the company’s stock worth $170,000 after purchasing an additional 190 shares in the last quarter. Garrison Financial Corp purchased a new position in Post Holdings in the 3rd quarter worth approximately $220,000. Ironwood Investment Counsel LLC purchased a new position in Post Holdings in the 3rd quarter worth approximately $221,000. Finally, Virtu KCG Holdings LLC purchased a new position in Post Holdings in the 2nd quarter worth approximately $208,000.
Shares of Post Holdings (POST) opened at 81.57 on Tuesday. Post Holdings has a one year low of $68.76 and a one year high of $89.04. The stock has a 50 day moving average price of $85.73 and a 200 day moving average price of $83.11. The company’s market capitalization is $5.40 billion.
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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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