Ralcorp Holdings (RAH) NewsBite - RAH Earnings Miss Estimates

Posted: Wednesday, November 11, 2009 10:10 AM EDT

Ralcorp Holdings (NYSE: RAH) opened at $52.72. So far today, the stock has hit a low of $52.66 and a high of $53.60. RAH is now trading at $53.27, down $1.12 (-2.06%). Over the last 52 weeks the stock has ranged from a low of $50.81 to a high of $71.45. Last night RAH reported a fourth-quarter profit of $79.9 million, or $1.40 per share. Excluding one-time items, RAH earned $1.14 per share on revenue of $983 million, missing analysts' forecasts of $1.24 per share on revenue of $1.01 billion. Technical indicators for the stock are neutral and S&P gives RAH a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on RAH the stock seems like it could be a candidate for a March out-of-the-money bear-call credit spread above the 60 range. [ABR-Seven Summits Strategic Investments NewsBite]

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