Mosaic (NYSE:MOS) Issues Earnings Results

Mosaic (NYSE:MOS) issued its earnings results on Wednesday. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01), RTT News reports. Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the company posted $1.14 EPS. The business’s revenue for the quarter was down 25.7% compared to the same quarter last year.

Mosaic Trading Down 4.7 %

NYSE:MOS opened at $29.92 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22. The company has a market capitalization of $9.62 billion, a P/E ratio of 8.57, a P/E/G ratio of 1.61 and a beta of 1.50. Mosaic has a 52 week low of $29.25 and a 52 week high of $43.99. The stock’s 50 day moving average price is $31.54 and its 200 day moving average price is $33.16.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.81%. Mosaic’s dividend payout ratio is 24.07%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MOS. Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target for the company in a report on Thursday, February 22nd. Mizuho cut shares of Mosaic from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $42.00 to $34.00 in a research report on Wednesday, January 24th. Piper Sandler cut Mosaic from a “neutral” rating to an “underweight” rating and cut their price target for the company from $42.00 to $32.00 in a report on Thursday, February 29th. The Goldman Sachs Group decreased their price objective on Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Finally, Wells Fargo & Company lifted their target price on Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $40.27.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.