Post (NYSE:POST) Posts Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Post (NYSE:POST) announced its quarterly earnings data on Thursday. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.24, Zacks reports. Post had a return on equity of 10.49% and a net margin of 4.63%.

Post Trading Up 0.9 %

POST traded up $0.91 on Thursday, reaching $105.72. 839,789 shares of the company’s stock were exchanged, compared to its average volume of 520,845. The company’s 50 day moving average is $112.21 and its 200-day moving average is $112.82. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 18.75 and a beta of 0.65. Post has a twelve month low of $99.62 and a twelve month high of $125.84. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.56 and a current ratio of 2.36.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on POST. Wells Fargo & Company decreased their price target on Post from $120.00 to $116.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 19th. Evercore ISI boosted their target price on shares of Post from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Piper Sandler cut their price target on shares of Post from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.83.

Insider Buying and Selling at Post

In other Post news, COO Jeff A. Zadoks sold 28,969 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $119.96, for a total value of $3,475,121.24. Following the completion of the transaction, the chief operating officer now owns 67,788 shares in the company, valued at $8,131,848.48. This represents a 29.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bradly A. Harper sold 1,000 shares of Post stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $120.09, for a total transaction of $120,090.00. Following the sale, the senior vice president now owns 11,220 shares in the company, valued at $1,347,409.80. This represents a 8.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,969 shares of company stock valued at $4,322,051 over the last ninety days. Corporate insiders own 11.40% of the company’s stock.

About Post

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereals under Honey Bunches of Oats, Pebbles, and Malt-O-Meal brand names; hot cereal; peanut butter under the Peter Pan brand; and branded and private label dog and cat food products under Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits and Gravy Train brand names.