Brokerages predict that The Mosaic Company (NYSE:MOS) will post $1.86 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for The Mosaic’s earnings. The lowest sales estimate is $1.76 billion and the highest is $1.96 billion. The Mosaic posted sales of $1.58 billion in the same quarter last year, which suggests a positive year over year growth rate of 17.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that The Mosaic will report full-year sales of $1.86 billion for the current year, with estimates ranging from $8.65 billion to $8.86 billion. For the next year, analysts anticipate that the company will report sales of $8.87 billion per share, with estimates ranging from $8.77 billion to $9.04 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow The Mosaic.
The Mosaic (NYSE:MOS) last issued its earnings results on Monday, February 19th. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $1.91 billion. The Mosaic had a positive return on equity of 3.90% and a negative net margin of 1.45%. The Mosaic’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business earned $0.03 earnings per share.
Several research firms have issued reports on MOS. Zacks Investment Research upgraded The Mosaic from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, March 13th. Stephens began coverage on The Mosaic in a research note on Friday, February 2nd. They set an “overweight” rating for the company. Scotiabank increased their price objective on The Mosaic from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 21st. Citigroup increased their price objective on The Mosaic from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Finally, CIBC upgraded The Mosaic from a “sector underperform” rating to a “neutral” rating in a research note on Sunday, February 11th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The Mosaic presently has an average rating of “Hold” and a consensus price target of $25.84.
In other The Mosaic news, Director Kelvin R. Westbrook bought 1,200 shares of the stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $27.63 per share, for a total transaction of $33,156.00. Following the completion of the purchase, the director now owns 1,200 shares in the company, valued at approximately $33,156. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.38% of the company’s stock.
Several large investors have recently made changes to their positions in MOS. Renaissance Technologies LLC increased its stake in shares of The Mosaic by 324.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,019,600 shares of the basic materials company’s stock valued at $51,823,000 after buying an additional 1,543,700 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of The Mosaic by 26.8% in the third quarter. Dimensional Fund Advisors LP now owns 4,364,003 shares of the basic materials company’s stock valued at $94,211,000 after buying an additional 921,345 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of The Mosaic in the fourth quarter valued at $23,318,000. Global Thematic Partners LLC increased its stake in shares of The Mosaic by 49.9% in the fourth quarter. Global Thematic Partners LLC now owns 2,325,030 shares of the basic materials company’s stock valued at $59,660,000 after buying an additional 773,747 shares in the last quarter. Finally, Meitav Dash Investments Ltd. acquired a new stake in shares of The Mosaic in the fourth quarter valued at $19,352,000. Institutional investors own 80.89% of the company’s stock.
Shares of MOS stock opened at $24.22 on Friday. The firm has a market capitalization of $8,842.92, a P/E ratio of 22.22, a PEG ratio of 2.61 and a beta of 1.28. The Mosaic has a one year low of $19.23 and a one year high of $29.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.27 and a quick ratio of 1.51.
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About The 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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