Analysts expect that Mosaic Co (NYSE:MOS) will post sales of $2.29 billion for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Mosaic’s earnings, with estimates ranging from $2.20 billion to $2.38 billion. Mosaic reported sales of $1.75 billion during the same quarter last year, which would indicate a positive year over year growth rate of 30.9%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 7th.
On average, analysts expect that Mosaic will report full-year sales of $9.33 billion for the current year, with estimates ranging from $9.08 billion to $9.58 billion. For the next fiscal year, analysts forecast that the company will post sales of $9.51 billion per share, with estimates ranging from $9.14 billion to $9.88 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Mosaic.
Mosaic (NYSE:MOS) last posted its quarterly earnings data on Monday, May 7th. The basic materials company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.08). Mosaic had a negative net margin of 0.82% and a positive return on equity of 4.44%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the company earned $0.04 earnings per share. The company’s revenue was up 22.5% compared to the same quarter last year.
A number of research analysts have commented on the stock. UBS Group upgraded shares of Mosaic from a “neutral” rating to a “positive” rating in a research note on Wednesday, June 27th. Cowen increased their price objective on shares of Mosaic from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, May 18th. Credit Suisse Group increased their price objective on shares of Mosaic from $20.00 to $22.00 and gave the company an “underperform” rating in a research note on Wednesday, May 9th. BMO Capital Markets increased their price objective on shares of Mosaic from $26.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, May 9th. Finally, Royal Bank of Canada upgraded shares of Mosaic from a “sector perform” rating to an “outperform” rating and reduced their price objective for the company from $32.00 to $30.00 in a research note on Thursday, May 10th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $27.37.
In other Mosaic news, Director Robert L. Lumpkins bought 4,655 shares of the company’s stock in a transaction on Wednesday, May 2nd. The shares were bought at an average cost of $27.14 per share, with a total value of $126,336.70. Following the completion of the acquisition, the director now owns 13,994 shares of the company’s stock, valued at $379,797.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of MOS. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Mosaic during the first quarter worth $105,000. Penserra Capital Management LLC raised its holdings in shares of Mosaic by 296.8% during the first quarter. Penserra Capital Management LLC now owns 4,166 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 3,116 shares during the period. Federated Investors Inc. PA raised its holdings in shares of Mosaic by 44.0% during the first quarter. Federated Investors Inc. PA now owns 7,483 shares of the basic materials company’s stock worth $182,000 after purchasing an additional 2,288 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Mosaic in the 1st quarter worth about $202,000. Finally, Koch Industries Inc. acquired a new stake in shares of Mosaic in the 1st quarter worth about $207,000. 72.33% of the stock is currently owned by institutional investors.
NYSE MOS opened at $27.79 on Tuesday. Mosaic has a 12 month low of $19.23 and a 12 month high of $29.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.80 and a current ratio of 1.73. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 2.68 and a beta of 1.22.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 21st. Shareholders of record on Thursday, June 7th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, June 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.36%. Mosaic’s dividend payout ratio (DPR) is 9.17%.
Mosaic Company Profile
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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