Mosaic Co (MOS) Expected to Post Earnings of $0.63 Per Share

Analysts expect Mosaic Co (NYSE:MOS) to report earnings of $0.63 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Mosaic’s earnings, with estimates ranging from $0.60 to $0.65. Mosaic posted earnings per share of $0.43 in the same quarter last year, which suggests a positive year over year growth rate of 46.5%. The business is scheduled to issue its next earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that Mosaic will report full year earnings of $1.63 per share for the current year, with EPS estimates ranging from $1.55 to $1.75. For the next year, analysts expect that the business will post earnings of $2.15 per share, with EPS estimates ranging from $1.97 to $2.72. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Mosaic.

Mosaic (NYSE:MOS) last issued its earnings results on Monday, August 6th. The basic materials company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Mosaic had a positive return on equity of 4.88% and a negative net margin of 1.14%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the company posted $0.29 EPS. The firm’s revenue was up 25.7% compared to the same quarter last year.

A number of analysts recently commented on MOS shares. Royal Bank of Canada boosted their target price on Mosaic from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, April 20th. Citigroup boosted their target price on Mosaic from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, July 11th. UBS Group raised Mosaic from a “neutral” rating to a “positive” rating in a research report on Wednesday, June 27th. Credit Suisse Group boosted their target price on Mosaic from $20.00 to $22.00 and gave the company an “underperform” rating in a research report on Wednesday, May 9th. Finally, Zacks Investment Research raised Mosaic from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. Mosaic has a consensus rating of “Hold” and an average target price of $30.32.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Scopus Asset Management L.P. boosted its stake in shares of Mosaic by 183.3% in the 1st quarter. Scopus Asset Management L.P. now owns 425,000 shares of the basic materials company’s stock worth $10,319,000 after buying an additional 275,000 shares during the last quarter. Roundview Capital LLC purchased a new position in shares of Mosaic in the 1st quarter worth approximately $429,000. Verition Fund Management LLC boosted its stake in shares of Mosaic by 11.6% in the 1st quarter. Verition Fund Management LLC now owns 238,783 shares of the basic materials company’s stock worth $5,798,000 after buying an additional 24,828 shares during the last quarter. South State Corp purchased a new position in shares of Mosaic in the 1st quarter worth approximately $1,105,000. Finally, Clinton Group Inc. purchased a new position in shares of Mosaic in the 1st quarter worth approximately $1,122,000. Hedge funds and other institutional investors own 72.16% of the company’s stock.

Mosaic traded down $0.57, reaching $31.49, during midday trading on Friday, Marketbeat.com reports. The stock had a trading volume of 4,070,649 shares, compared to its average volume of 4,366,825. Mosaic has a 12 month low of $19.23 and a 12 month high of $32.32. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 2.86 and a beta of 1.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.61 and a quick ratio of 0.80.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names.

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