Post Holdings appoints Dorothy Burwell to board of directors » 08:0807/0207/02/20
Post Holdings announced…
Post Holdings announced Dorothy Burwell, Partner at The Finsbury Group has been appointed to its Board of Directors, effective July 1, 2020. With the addition of Ms. Burwell, the Board now consists of ten members. In 2008, she joined Finsbury, a global strategic communications consultancy part of WPP, and in 2015, she was promoted to Partner with a variety of responsibilities across client relationship management, company marketing and business development.
|Over a week ago|
Post Holdings upgraded to Buy from Neutral at Goldman Sachs » 05:0406/2206/22/20
Goldman Sachs analyst…
Goldman Sachs analyst Jason English upgraded Post Holdings to Buy from Neutral with a price target of $120, up from $99. The company should emerge as one of the "scarce growth leaders" in 2021 and its relative valuation is currently "disconnected from this likelihood," English tells investors in a research note. The analyst expects Post's 12% forecasted EBITDA growth in fiscal 2021 to "meaningfully outstrip peers" and says the stock's valuation screens favorably and trades at a 35% discount to the food group.
|Over a month ago|
Post Holdings withdraws FY20 outlook » 17:3105/0705/07/20
As a result of…
As a result of uncertainty around the duration, scope and ultimate financial impact of the COVID-19 pandemic, Post management is withdrawing its FY20 adjusted EBITDA and capital expenditures outlook that was previously provided on February 6.
Post Holdings reports Q2 adjusted EPS 65c, consensus 90c » 17:3005/0705/07/20
Reports Q2 revenue…
Reports Q2 revenue $1.49B, consensus $1.42B.
Post Holdings price target lowered to $110 from $120 at Wells Fargo » 08:0605/0405/04/20
Wells Fargo analyst John…
Wells Fargo analyst John Baumgartner lowered the firm's price target on Post Holdings to $110 from $120 and keeps an Overweight rating on the shares. The analyst notes that Q2 retail sales were robust but weakness in foodservice suggests downside to fiscal year 2020 guidance.
Fly Intel: Top five analyst initiations » 10:1604/0904/09/20
CUE, GSS, CARR, POST, PRVL
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cue Biopharma (CUE) initiated with a Buy at Stifel. 2. Golden Star Resources (GSS) initiated with a Market Perform at BMO Capital. 3. Carrier Global (CARR) initiated with an Equal Weight at Barclays. 4. Post Holdings (POST) assumed with a Buy at Citi. 5. Prevail Therapeutics (PRVL) initiated with an Overweight at Piper Sandler. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
Post Holdings assumed with a Buy at Citi » 05:5904/0904/09/20
Citi analyst Wendy…
Citi analyst Wendy Nicholson assumed coverage of Post Holdings with a Buy rating and price target of $112, down from $120. The analyst expects the company's cereal, refrigerated retail and protein shake businesses have likely performed well since the outbreak of COVID-19, as consumers have pantry-stocked shelf-stable items to eat at home. However, Post's foodservice business, which is 24% of EBITDA, has likely come under significant pressure in recent weeks, Nicholson tells investors in a research note. The analyst is "cautiously optimistic" that Post will still be able to meet its target for EBITDA in fiscal 2020 of $1.2B.
|Over a quarter ago|
Post Holdings files automatic mixed securities shelf 16:3302/2802/28/20
Post Holdings reports fire with no injuries at Michael Foods location » 08:0902/2802/28/20
Post Holdings reported a…
Post Holdings reported a fire took place on the evening of February 27, 2020, at its Michael Foods farm operation in Bloomfield, NE. All employees were safely evacuated, and no injuries were reported. The cause of the fire has yet to be determined. The fire impacted less than 5% of the layer population of Michael Foods' internal and external layer network. Before considering the impact of the fire, Post management guidance for Adjusted EBITDA range of $1.22-$1.27B for fiscal year 2020 remains unchanged. The impact of the fire on Post's financial results, if any, has yet to be determined. To the extent the property and/or business interruption loss exceeds $2.5M, Post management expects to be reimbursed under insurance policies; however, costs may be incurred in different reporting periods than any insurance recovery.
Post Holdings price target lowered to $120 from $127 at Wells Fargo » 07:2302/1102/11/20
Wells Fargo analyst John…
Wells Fargo analyst John Baumgartner lowered his price target for Post Holdings to $120 from $127 following quarterly results. The analyst maintains an Overweight rating on the shares as Q1 was largely expected to prove a nonevent and aside from some pockets of larger transitory costs, he did not see any new/negative surprises.