Zacks: Brokerages Expect Post Holdings Inc (NYSE:POST) Will Announce Earnings of $1.17 Per Share

Equities research analysts expect Post Holdings Inc (NYSE:POST) to announce earnings per share of $1.17 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Post’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.29. Post posted earnings of $1.08 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The business is scheduled to report its next quarterly earnings results on Thursday, November 21st.

On average, analysts expect that Post will report full-year earnings of $4.77 per share for the current financial year, with EPS estimates ranging from $4.63 to $4.91. For the next year, analysts anticipate that the company will report earnings of $5.38 per share, with EPS estimates ranging from $5.14 to $5.80. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Post.

Post (NYSE:POST) last issued its earnings results on Thursday, August 1st. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.05). Post had a return on equity of 11.15% and a net margin of 2.90%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business posted $1.06 EPS. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis.

Several analysts recently weighed in on the stock. Piper Jaffray Companies cut shares of Post from an “overweight” rating to a “neutral” rating in a report on Friday, July 19th. BMO Capital Markets lifted their price target on shares of Post from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Evercore ISI assumed coverage on shares of Post in a report on Tuesday, June 11th. They issued an “outperform” rating and a $125.00 price target on the stock. Pivotal Research reiterated a “buy” rating and issued a $125.00 price target on shares of Post in a report on Friday, May 3rd. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Post in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Post has a consensus rating of “Buy” and an average target price of $122.00.

NYSE:POST traded up $0.61 during trading hours on Thursday, hitting $95.78. The company had a trading volume of 684,869 shares, compared to its average volume of 588,584. The firm has a market cap of $7.04 billion, a P/E ratio of 23.48, a PEG ratio of 2.89 and a beta of 0.24. The company’s 50-day simple moving average is $105.74. Post has a 52 week low of $83.88 and a 52 week high of $113.73. The company has a quick ratio of 1.23, a current ratio of 2.02 and a debt-to-equity ratio of 1.97.

A number of institutional investors have recently made changes to their positions in POST. Advisory Services Network LLC raised its position in shares of Post by 100.0% in the 2nd quarter. Advisory Services Network LLC now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 133 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Post in the 2nd quarter worth about $38,000. Quadrant Capital Group LLC raised its position in shares of Post by 2,145.0% in the 1st quarter. Quadrant Capital Group LLC now owns 449 shares of the company’s stock worth $48,000 after purchasing an additional 429 shares during the last quarter. Nomura Asset Management Co. Ltd. purchased a new position in shares of Post in the 2nd quarter worth about $50,000. Finally, NEXT Financial Group Inc purchased a new position in shares of Post in the 2nd quarter worth about $65,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Post Company Profile

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.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

Get a free copy of the Zacks research report on Post (POST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Post (NYSE:POST)

Receive News & Ratings for Post Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Post and related companies with MarketBeat.com's FREE daily email newsletter.