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

Post (NYSE:POST) announced 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 4.94% and a return on equity of 10.40%.

Post Stock Performance

Shares of Post stock opened at $112.57 on Friday. The firm has a market cap of $6.55 billion, a P/E ratio of 18.55 and a beta of 0.65. Post has a 12 month low of $99.62 and a 12 month 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’s fifty day moving average price is $111.94 and its 200-day moving average price is $112.77.

Insider Buying and Selling at Post

In related news, CEO Nicolas Catoggio sold 6,000 shares of Post stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $121.14, for a total transaction of $726,840.00. Following the completion of the sale, the chief executive officer now owns 70,501 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. Also, COO Jeff A. Zadoks sold 28,969 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $119.96, for a total transaction of $3,475,121.24. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,969 shares of company stock valued at $4,322,051. 11.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.