Post Holdings Inc (NYSE:POST) – Analysts at Jefferies Financial Group reduced their Q2 2020 earnings per share (EPS) estimates for shares of Post in a report released on Monday, February 10th. Jefferies Financial Group analyst R. Dickerson now anticipates that the company will post earnings per share of $0.98 for the quarter, down from their previous forecast of $1.00. Jefferies Financial Group currently has a “Buy” rating and a $130.00 price objective on the stock. Jefferies Financial Group also issued estimates for Post’s Q4 2020 earnings at $1.48 EPS, FY2020 earnings at $4.65 EPS, Q1 2021 earnings at $1.42 EPS, Q2 2021 earnings at $1.24 EPS, Q3 2021 earnings at $1.43 EPS, Q4 2021 earnings at $1.50 EPS, FY2021 earnings at $5.60 EPS, Q1 2022 earnings at $1.51 EPS, FY2022 earnings at $6.00 EPS and FY2023 earnings at $6.30 EPS.
Several other equities research analysts also recently weighed in on the company. Wells Fargo & Co reduced their price target on Post from $127.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday. Evercore ISI reiterated a “buy” rating and issued a $122.00 price target on shares of Post in a report on Sunday, February 9th. DA Davidson began coverage on Post in a report on Thursday, January 23rd. They issued a “buy” rating and a $129.00 price target on the stock. Zacks Investment Research downgraded Post from a “buy” rating to a “sell” rating and set a $110.00 price target on the stock. in a report on Wednesday, February 5th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Post in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Post has an average rating of “Hold” and a consensus price target of $121.70.
Post (NYSE:POST) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.38). Post had a net margin of 1.72% and a return on equity of 10.86%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the company earned $1.11 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis.
A number of large investors have recently made changes to their positions in POST. Simon Quick Advisors LLC bought a new stake in Post during the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. boosted its position in Post by 459.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 291 shares of the company’s stock valued at $32,000 after acquiring an additional 239 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Post during the 3rd quarter valued at $34,000. Usca Ria LLC bought a new stake in Post during the 3rd quarter valued at $38,000. Finally, Prime Capital Investment Advisors LLC bought a new stake in Post during the 3rd quarter valued at $41,000. 91.28% of the stock is currently owned by institutional investors.
In related news, CEO Robert V. Vitale sold 15,222 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $108.38, for a total value of $1,649,760.36. Following the transaction, the chief executive officer now owns 317,683 shares of the company’s stock, valued at $34,430,483.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert V. Vitale sold 14,261 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $106.00, for a total value of $1,511,666.00. Following the completion of the transaction, the chief executive officer now directly owns 317,683 shares in the company, valued at approximately $33,674,398. The disclosure for this sale can be found here. Corporate insiders own 8.70% of the company’s stock.
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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