NEW YORK (TheStreet) -- Post Holdings (POST) - Get Report stock is up by 8.90% to $67.17 in mid-afternoon trading on Tuesday, despite the company reporting fiscal 2015 fourth quarter earnings results that missed analysts' expectations.
The St. Louis-based packaged goods company reported earnings of 6 cents per share for the most recent quarter.
Revenue increased by 25.6% to $1.3 billion, up from $1 billion for the year-ago period.
Analysts surveyed by Zacks Investment Research were expecting the company to report earnings of 24 cents per share on revenue of $1.36 billion for the period.
Net sales for the MichaelFoodsGroup, a food distributor that Post operates, declined by 0.7%, which was driven by a decline in cheese and dairy product sales.
So far today, 1.34 million shares of Post have traded, versus its 30-day average of 574,000 shares.
Separately, TheStreet Ratings team rates POST HOLDINGS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
We rate POST HOLDINGS INC (POST) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance, increase in net income and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.
You can view the full analysis from the report here: POST
Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.