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

Post (NYSE:POST) posted its quarterly earnings data on Thursday. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.24, Zacks reports. Post had a return on equity of 10.40% and a net margin of 4.94%.

Post Stock Up 6.3 %

POST opened at $112.57 on Friday. Post has a 52 week low of $99.62 and a 52 week high of $125.84. The company has a quick ratio of 1.56, a current ratio of 2.36 and a debt-to-equity ratio of 1.66. The business has a 50 day moving average price of $111.94 and a two-hundred day moving average price of $112.77. The company has a market cap of $6.55 billion, a PE ratio of 18.55 and a beta of 0.65.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Post news, CEO Nicolas Catoggio sold 6,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $121.14, for a total transaction of $726,840.00. Following the sale, the chief executive officer now directly owns 70,501 shares in the company, valued at approximately $8,540,491.14. The trade was a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 transaction, the senior vice president now owns 11,220 shares of the company’s stock, valued at $1,347,409.80. This trade represents a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,969 shares of company stock valued at $4,322,051 over the last three months. 11.40% of the stock is currently owned by company insiders.

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.