Post Holdings (POST) has a market cap of $5.6 billion. It rose by 0.48% to close at $87.85 per share on July 18, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.87%, 18.2%, and 42.4%, respectively, on the same day. POST is trading 7.1% above its 20-day moving average, 12.8% above its 50-day moving average, and 29.0% above its 200-day moving average.
Related ETF and peers
The iShares Morningstar Small Core ETF (JKJ) invests 0.89% of its holdings in Post Holdings. The ETF tracks a market-cap-weighted index of US small-cap core stocks. The index selects stocks from 90%-97% of the market cap that falls into Morningstar’s core style categorization. The YTD price movement of JKJ was 10.8% on July 18.
The market caps of Post Holdings’ competitors are as follows:
Post Holdings declared dividends
Post Holdings has declared a quarterly dividend of $0.94 per share on its 3.8% Series B Cumulative Perpetual Convertible Preferred Stock.
It also declared a quarterly dividend of $0.63 per share on its 2.5% Series C Cumulative Perpetual Convertible Preferred Stock.
The dividends will be paid on August 15, 2016, to preferred shareholders as of August 1, 2016.
Performance in fiscal 2Q16
Post Holdings reported fiscal 2Q16 net sales of $1.3 billion, an increase of 20.7% compared to net sales of $1.1 billion in fiscal 2Q15. The company’s cost of goods sold as a percentage of net sales fell by 8.1% in fiscal 2Q16 compared to the same period last year. In fiscal 2Q16, it reported an operating profit of $1.6 billion compared to $49.7 million in fiscal 2Q15.
In fiscal 2Q16, the company’s net income and EPS (earnings per share) fell to $1.5 million and $0.02, respectively, from $26.3 million and $0.45, respectively, in fiscal 2Q15. It reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $247.8 million, an increase of 66.1% compared to fiscal 2Q15.
Post Holdings’ cash and cash equivalents and inventories rose by 3.2% and 5.6%, respectively, in fiscal 2Q16 compared to fiscal 4Q15. Its current ratio rose to 3.3x, and its DE (debt-to-equity) ratio fell to 2.06x compared to current and DE ratios of 2.9x and 2.1x, respectively, in fiscal 4Q15.
Post Holdings has made the following projections:
- adjusted EBITDA of $8.9 billion–$9.1 billion for fiscal 2016
- adjusted EBITDA of $410 million–$430 million for 2H16
- capital expenditures of $145 million–$155 million for fiscal 2016, including ~$20 million related to growth activities and ~$20 million related to integration activities
- maintenance capital expenditures of $105 million—$115 million for fiscal 2016
In the next part of this series, we’ll take a look at Coach.