Post Holdings (POST) has a market cap of $5.1 billion. On October 13, 2016, it fell 0.74% to close at $79.08. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -0.96%, -2.6%, and 28.2%, respectively, on the same day.
POST is trading 0.19% above its 20-day moving average, 3.6% below its 50-day moving average, and 6.5% above its 200-day moving average.
Related ETF and peers
The iShares Morningstar Mid-Cap (JKG) invests 0.34% of its holdings in Post Holdings. The ETF tracks a market-cap-weighted index of US mid-cap companies that exhibit both growth and value characteristics as determined by a multifactor selection. The YTD price movement of JKG was 6.4% on October 13.
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.
The company has 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 November 15, 2016, to preferred stock shareholders as of November 1, 2016.
Post Holdings’ results for fiscal 3Q16
Post Holdings reported fiscal 3Q16 net sales of $1.3 billion, which is a rise of 3.3% over $1.2 billion in fiscal 3Q15. Net sales for its consumer, active nutrition, and private brands rose 21.7%, 1.5%, and 0.88%, respectively, and net sales of its Michael Foods Group fell 8.3% between fiscal 3Q15 and fiscal 3Q16.
The company’s gross profit margin and operating profit rose 22.4% and 74.7%, respectively, between fiscal 3Q15 and fiscal 3Q16. It reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $231.0 million in fiscal 3Q16, which is a rise of 23.2% from fiscal 3Q15.
Its net income and EPS (earnings per share) fell to $0.0 million and $0, respectively, in fiscal 3Q16 compared to $19.8 million and $0.33, respectively, in fiscal 3Q15. It reported adjusted EPS of $0.62 in fiscal 3Q16 compared to $0.27 in fiscal 3Q15.
POST’s cash and cash equivalents and inventories rose 22.8% and 9.3%, respectively, between fiscal 4Q15 and fiscal 3Q16. Its current ratio rose to 3.2x, and its debt-to-equity ratio fell to 2.06x in fiscal 3Q16 compared to 2.9x and 2.10x, respectively, in fiscal 4Q15.
The company has made the following projections for fiscal 2016:
- adjusted EBITDA of $915 million–$925 million
- capital expenditure of $135 million–$145 million, including ~$15 million related to integration activities and ~$15 million related to growth activities
- maintenance capital expenditure of $105 million–$115 million
Next, we’ll look at Ford Motor (F).