Consumer packaged goods holding company Post Holdings, Inc. (POST) has reported mixed results for the fourth quarter ended September 30, 2021.
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Following the news, shares of the company declined 3.8% to close at $101.33 on Friday.
Revenue & Earnings
Post Holdings reported quarterly net sales of $1.7 billion, up 20.1% year-over-year. Moreover, the figure topped the consensus estimate of $1.65 billion. All revenue segments contributed to the overall growth in net sales. Revenues from Post Consumer Brands and Foodservice were up 10.6% and 42.5% year-over-year, respectively.
Quarterly earnings declined 42.9% year-over-year to $0.44 per share and failed to surpass the consensus estimate of $0.96 per share.
Other Operating Metrics
In other operating metrics, the company reported adjusted EBITDA of $272.5 million, compared to $274.8 million in the year-ago period. The adjusted EBITDA margin declined 340 basis points from the previous year to 16.1%.
Outlook
For Fiscal Year 2022, the company expects to post adjusted EBITDA in the range of $1.16 billion to $1.20 billion.
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Price Target
Recently, Evercore ISI analyst David Palmer reiterated a Buy rating on the stock with a price target of $120, which implies upside potential of 18.4% from current levels.
Consensus among analysts is a Strong Buy based on 3 unanimous Buys. The average Post Holdings price target of $126.67 implies upside potential of 25% from current levels.
Smart Score
Post Holdings scores a 7 out of 10 from TipRanks’ Smart Score rating system, indicating that the stock is likely to perform in line with market expectations. Shares have gained 12.3% over the past year.
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