“We are confident that this is a tremendous entry point in the shares. Post Consumer Brands sales rose 1.9% but down 4.2% on a pro forma basis. Recall that the North American part of Weetabix – about $100 million in sales was barely profitable so that has the effect of depressing EBITDA margins. Volume fell 2.4%, EBITDA fell slightly and EBITDA margin fell 110 BP due to the change in business mix. Weetabix, which is the U.K. part of the acquisition posted a 1.2% pro forma decline in sales. There was no pro forma EBITDA comparison with LY. The brand was previously on a calendar year and heavily promoted into the December Q. POST intentionally backed off that calendar push to reset for more business-driven promotions. Michael Food Group sales rose 6.9%; on a 9.3% rise in egg sales; volume rose 3.8%. EBITDA dollars rose 23.9% and EBITDA margin rose 250 BP year over year.”,” Pivotal Research’s analyst wrote.
Other research analysts also recently issued reports about the company. Citigroup set a $110.00 price target on Post and gave the company a buy rating in a research note on Monday, November 20th. SunTrust Banks set a $105.00 price target on Post and gave the company a buy rating in a research note on Thursday, November 16th. BMO Capital Markets restated a buy rating on shares of Post in a research note on Monday, November 6th. Zacks Investment Research upgraded Post from a hold rating to a buy rating and set a $92.00 price target for the company in a research note on Saturday, October 28th. Finally, BidaskClub downgraded Post from a buy rating to a hold rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Post presently has a consensus rating of Buy and a consensus target price of $103.25.
Post (NYSE:POST) last announced its earnings results on Thursday, February 1st. The company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.04). Post had a net margin of 4.54% and a return on equity of 7.90%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the business posted $0.62 EPS. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. equities analysts expect that Post will post 3.9 earnings per share for the current year.
In other Post news, Director David W. Kemper bought 2,500 shares of Post stock in a transaction dated Thursday, November 30th. The stock was bought at an average cost of $79.86 per share, for a total transaction of $199,650.00. Following the purchase, the director now owns 6,700 shares of the company’s stock, valued at approximately $535,062. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of Post during the 4th quarter worth approximately $129,000. Affinity Wealth Management bought a new position in shares of Post during the 3rd quarter worth approximately $205,000. Virtu KCG Holdings LLC bought a new position in shares of Post during the 2nd quarter worth approximately $208,000. South State Corp bought a new position in shares of Post during the 3rd quarter worth approximately $208,000. Finally, Janus Henderson Group PLC bought a new position in shares of Post during the 2nd quarter worth approximately $210,000.
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Post Company Profile
Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.
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