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

Brokerages predict that Post Holdings, Inc. (NYSE:POST) will post $1.67 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Post’s earnings. The lowest sales estimate is $1.65 billion and the highest is $1.68 billion. Post posted sales of $1.46 billion during the same quarter last year, which would indicate a positive year over year growth rate of 14.4%. The company is expected to issue its next quarterly earnings report on Thursday, February 3rd.

On average, analysts expect that Post will report full-year sales of $6.71 billion for the current financial year, with estimates ranging from $6.44 billion to $6.87 billion. For the next financial year, analysts expect that the business will report sales of $6.94 billion, with estimates ranging from $6.63 billion to $7.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Post.

Post (NYSE:POST) last announced its earnings results on Thursday, November 18th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.50). Post had a return on equity of 5.84% and a net margin of 3.26%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the company posted $0.58 EPS. Post’s quarterly revenue was up 20.1% on a year-over-year basis.

Several research analysts recently issued reports on POST shares. Truist Securities cut their price target on shares of Post from $125.00 to $120.00 and set a “buy” rating for the company in a report on Monday. Zacks Investment Research raised shares of Post from a “sell” rating to a “hold” rating and set a $117.00 price target for the company in a report on Monday, October 4th. Truist cut their price target on shares of Post from $125.00 to $120.00 and set a “buy” rating for the company in a report on Monday. TheStreet cut shares of Post from a “b” rating to a “c+” rating in a report on Monday, August 2nd. Finally, Evercore ISI reissued a “buy” rating on shares of Post in a report on Tuesday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $121.14.

In other Post news, Director Thomas C. Erb acquired 2,000 shares of the company’s stock in a transaction dated Monday, November 22nd. The stock was acquired at an average cost of $103.64 per share, with a total value of $207,280.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 9.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in Post by 849.0% during the second quarter. Goldman Sachs Group Inc. now owns 2,622,942 shares of the company’s stock worth $284,511,000 after acquiring an additional 2,346,566 shares during the last quarter. Factorial Partners LLC boosted its position in Post by 19,919.3% during the first quarter. Factorial Partners LLC now owns 940,908 shares of the company’s stock worth $8,900,000 after acquiring an additional 936,208 shares during the last quarter. Bank of Nova Scotia acquired a new stake in Post during the second quarter worth approximately $52,247,000. Assenagon Asset Management S.A. boosted its position in Post by 547.8% during the third quarter. Assenagon Asset Management S.A. now owns 453,506 shares of the company’s stock worth $49,958,000 after acquiring an additional 383,501 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Post by 4,917.9% during the second quarter. Deutsche Bank AG now owns 324,055 shares of the company’s stock worth $35,150,000 after acquiring an additional 317,597 shares during the last quarter. 92.20% of the stock is owned by institutional investors and hedge funds.

Shares of POST traded down $0.08 during mid-day trading on Thursday, hitting $103.69. 307,668 shares of the company’s stock were exchanged, compared to its average volume of 382,054. The firm has a market capitalization of $6.61 billion, a P/E ratio of 37.30 and a beta of 0.72. Post has a fifty-two week low of $90.87 and a fifty-two week high of $117.91. The business’s 50 day moving average is $106.03 and its two-hundred day moving average is $108.97. The company has a current ratio of 2.26, a quick ratio of 1.54 and a debt-to-equity ratio of 2.45.

Post Company Profile

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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