Mosaic (NYSE:MOS) Releases Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Mosaic (NYSE:MOS) posted its quarterly earnings results on Monday. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15), Briefing.com reports. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.During the same period last year, the firm posted $0.49 EPS. The business’s revenue was up 14.4% on a year-over-year basis.

Mosaic Stock Up 0.1%

Shares of NYSE MOS opened at $22.21 on Monday. The company has a 50 day simple moving average of $25.63 and a 200 day simple moving average of $26.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.47. Mosaic has a 1 year low of $22.17 and a 1 year high of $38.23. The firm has a market cap of $7.05 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.79.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 21st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.88 annualized dividend and a dividend yield of 4.0%. Mosaic’s dividend payout ratio is currently 52.07%.

Hedge Funds Weigh In On Mosaic

Several institutional investors and hedge funds have recently added to or reduced their stakes in MOS. NewEdge Advisors LLC lifted its holdings in shares of Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares during the period. Geneos Wealth Management Inc. increased its holdings in Mosaic by 51.4% in the second quarter. Geneos Wealth Management Inc. now owns 1,447 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 491 shares during the period. Norinchukin Bank The raised its position in Mosaic by 3.3% during the 3rd quarter. Norinchukin Bank The now owns 16,839 shares of the basic materials company’s stock worth $584,000 after purchasing an additional 543 shares during the last quarter. Advisory Services Network LLC raised its position in Mosaic by 5.5% during the 4th quarter. Advisory Services Network LLC now owns 10,925 shares of the basic materials company’s stock worth $263,000 after purchasing an additional 568 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Mosaic by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 105,912 shares of the basic materials company’s stock worth $3,673,000 after buying an additional 613 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wolfe Research decreased their target price on Mosaic from $37.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Scotiabank reduced their price target on shares of Mosaic from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, April 20th. Wells Fargo & Company decreased their price target on shares of Mosaic from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Morgan Stanley dropped their price objective on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Finally, Oppenheimer set a $35.00 target price on shares of Mosaic in a research report on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $29.31.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.