Zacks: Brokerages Anticipate Post Holdings, Inc. (NYSE:POST) Will Announce Quarterly Sales of $1.67 Billion

Equities analysts expect Post Holdings, Inc. (NYSE:POST) to announce sales of $1.67 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Post’s earnings, with the highest sales estimate coming in at $1.75 billion and the lowest estimate coming in at $1.60 billion. Post reported sales of $1.41 billion during the same quarter last year, which suggests a positive year over year growth rate of 18.4%. The company is expected to issue its next earnings results on Thursday, November 18th.

According to Zacks, analysts expect that Post will report full-year sales of $6.20 billion for the current financial year, with estimates ranging from $6.13 billion to $6.28 billion. For the next financial year, analysts anticipate that the business will post sales of $6.67 billion, with estimates ranging from $6.44 billion to $6.76 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Post.

Post (NYSE:POST) last announced its quarterly earnings results on Thursday, August 5th. The company reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.50 billion. Post had a net margin of 3.26% and a return on equity of 5.84%.

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Post from a “sell” rating to a “hold” rating and set a $117.00 price objective for the company in a research report on Monday, October 4th. TheStreet downgraded Post from a “b” rating to a “c+” rating in a research report on Monday, August 2nd. Finally, Citigroup dropped their target price on Post from $134.00 to $128.00 and set a “buy” rating for the company in a research report on Tuesday, October 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $121.63.

POST traded up $0.40 during trading on Monday, hitting $106.29. The company’s stock had a trading volume of 10,019 shares, compared to its average volume of 382,302. The firm’s 50 day moving average price is $109.74 and its two-hundred day moving average price is $110.25. The company has a quick ratio of 1.54, a current ratio of 2.26 and a debt-to-equity ratio of 2.45. Post has a 12 month low of $85.12 and a 12 month high of $117.91. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 38.40 and a beta of 0.81.

In other Post news, Director David P. Skarie sold 850 shares of the business’s stock in a transaction dated Wednesday, August 11th. The stock was sold at an average price of $111.51, for a total value of $94,783.50. Following the completion of the transaction, the director now directly owns 27,243 shares of the company’s stock, valued at $3,037,866.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert E. Grote sold 2,850 shares of the company’s stock in a transaction dated Wednesday, August 18th. The stock was sold at an average price of $115.05, for a total value of $327,892.50. Following the transaction, the director now directly owns 11,912 shares of the company’s stock, valued at $1,370,475.60. The disclosure for this sale can be found here. Corporate insiders own 9.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of POST. FORA Capital LLC acquired a new position in Post during the first quarter valued at approximately $37,000. Eaton Vance Management acquired a new position in Post during the first quarter valued at approximately $60,000. PNC Managed Account Solutions Inc. acquired a new position in Post during the second quarter valued at approximately $63,000. Rockefeller Capital Management L.P. boosted its position in Post by 329.3% during the second quarter. Rockefeller Capital Management L.P. now owns 717 shares of the company’s stock valued at $77,000 after purchasing an additional 550 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in Post during the second quarter valued at approximately $84,000. 91.38% of the stock is owned by institutional investors.

About Post

Post Holdings, Inc is a consumer packaged goods holding company, which engages in operating of center-of-the-store, refrigerated, foodservice, food ingredient, active nutrition, and private brand food categories. It operates through the following segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail, and BellRing Brands.

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