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

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

Post Trading Up 5.7 %

NYSE:POST traded up $6.02 during trading hours on Friday, hitting $111.88. 409,086 shares of the company were exchanged, compared to its average volume of 515,021. Post has a one year low of $99.62 and a one year high of $125.84. The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 19.83 and a beta of 0.65. The company has a fifty day simple moving average of $111.94 and a 200 day simple moving average of $112.77.

Analysts Set New Price Targets

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

Insider Activity

In related news, COO Jeff A. Zadoks sold 28,969 shares of the stock in a transaction 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 transaction, the chief operating officer now directly owns 67,788 shares in the company, valued at $8,131,848.48. This trade represents a 29.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Bradly A. Harper sold 1,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $120.09, for a total transaction of $120,090.00. Following the completion of the transaction, the senior vice president now directly owns 11,220 shares in the company, valued at approximately $1,347,409.80. The trade was a 8.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,969 shares of company stock valued at $4,322,051. 11.40% of the stock is currently owned by insiders.

Post Company Profile

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.