Post (NYSE:POST) posted its quarterly earnings results on Thursday. The company reported $1.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.05), Bloomberg Earnings reports. Post had a net margin of 2.90% and a return on equity of 11.20%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the business posted $1.06 earnings per share. Post’s revenue was down 10.5% on a year-over-year basis.
POST stock traded down $4.20 during midday trading on Friday, hitting $102.56. The stock had a trading volume of 1,485,327 shares, compared to its average volume of 482,497. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 3.12 and a beta of 0.24. The company has a current ratio of 1.93, a quick ratio of 1.08 and a debt-to-equity ratio of 1.95. Post has a 12-month low of $83.88 and a 12-month high of $113.73. The business has a 50-day moving average price of $107.06.
Several brokerages recently issued reports on POST. Evercore ISI began coverage on Post in a research report on Tuesday, June 11th. They set an “outperform” rating and a $125.00 price objective for the company. BMO Capital Markets lifted their price objective on Post from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Zacks Investment Research downgraded Post from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Goldman Sachs Group upgraded Post from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $107.00 to $134.00 in a research report on Monday, May 6th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Post in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. Post has an average rating of “Buy” and an average price target of $120.45.
Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through Post Consumer Brands, Weetabix, Refrigerated Food, and Active Nutrition segments. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.
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