Post Holdings Inc (POST) Releases Earnings Results, Beats Expectations By $0.14 EPS

Post Holdings Inc (POST) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.62 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $0.48. The company posted revenue of $1246.10 million in the period, compared to analysts expectations of $1245.50 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Post Holdings Inc. Company shares were Reiterated by Pivotal Research Group on Jul 25, 2016 to “Buy”, Firm has raised the Price Target to $ 105 from a previous price target of $90 .Post Holdings Inc was Initiated by KeyBanc Capital Mkts to “Overweight” on May 26, 2016. Company shares were Reiterated by Stifel on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 85 from a previous price target of $75 .

Post Holdings Inc closed down -1.44 points or -1.66% at $85.17 with 5,27,172 shares getting traded on Tusday. Post opening the session at $86.61, the shares hit an intraday low of $85.05 and an intraday high of $86.61 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

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. Its Michael Foods Group segment produces and distributes egg products refrigerated potato products cheese and other dairy case products and pasta products. Its Private Brands segment manufactures and distributes organic and conventional private label peanut butter and other nut butters baking nuts raisins and other dried fruit and trail mixes. Its Active Nutrition segment markets and distributes protein beverages and bars under the Premier Protein brand protein powders and bars under the Dymatize and Supreme Protein brands and ready-to-drink beverages and other liquid-based solutions under the Joint Juice brand.

Post Holdings Inc

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