Equities research analysts predict that Mosaic Co (NYSE:MOS) will announce sales of $2.36 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Mosaic’s earnings. The lowest sales estimate is $2.29 billion and the highest is $2.43 billion. Mosaic reported sales of $2.21 billion during the same quarter last year, which indicates a positive year over year growth rate of 6.8%. The business is scheduled to issue its next earnings report on Monday, August 5th.
According to Zacks, analysts expect that Mosaic will report full year sales of $9.65 billion for the current financial year, with estimates ranging from $9.52 billion to $9.79 billion. For the next fiscal year, analysts anticipate that the business will report sales of $9.87 billion, with estimates ranging from $9.68 billion to $10.15 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Mosaic.
Mosaic (NYSE:MOS) last issued its earnings results on Monday, May 6th. The basic materials company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. Mosaic had a net margin of 5.85% and a return on equity of 7.88%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company earned $0.20 EPS. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year.
A number of analysts have recently commented on MOS shares. Cowen reaffirmed an “outperform” rating and issued a $33.00 price target (down from $42.00) on shares of Mosaic in a research note on Tuesday. TheStreet cut Mosaic from a “b-” rating to a “c+” rating in a report on Thursday, May 9th. Barclays restated a “hold” rating and set a $28.00 target price on shares of Mosaic in a report on Thursday, May 9th. Royal Bank of Canada dropped their target price on Mosaic from $40.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $33.00 to $27.00 in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.13.
In other news, CEO James Calvin O’rourke bought 10,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price of $24.03 per share, for a total transaction of $240,300.00. Following the purchase, the chief executive officer now directly owns 168,345 shares in the company, valued at approximately $4,045,330.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Clint Freeland bought 4,250 shares of the stock in a transaction dated Friday, May 10th. The stock was purchased at an average price of $23.60 per share, with a total value of $100,300.00. Following the purchase, the chief financial officer now owns 4,250 shares in the company, valued at $100,300. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 17,339 shares of company stock valued at $414,182. Company insiders own 0.51% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MOS. Goldman Sachs Group Inc. increased its position in Mosaic by 8.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,878,061 shares of the basic materials company’s stock valued at $51,290,000 after buying an additional 148,555 shares in the last quarter. Utah Retirement Systems increased its position in Mosaic by 1.4% during the 1st quarter. Utah Retirement Systems now owns 66,231 shares of the basic materials company’s stock valued at $1,809,000 after buying an additional 926 shares in the last quarter. Natixis bought a new position in Mosaic during the 1st quarter valued at approximately $5,364,000. Bridgewater Associates LP increased its position in Mosaic by 89.0% during the 1st quarter. Bridgewater Associates LP now owns 792,697 shares of the basic materials company’s stock valued at $21,649,000 after buying an additional 373,184 shares in the last quarter. Finally, Pinebridge Investments L.P. bought a new position in Mosaic during the 1st quarter valued at approximately $1,638,000. Institutional investors own 78.88% of the company’s stock.
Shares of NYSE:MOS traded down $0.01 on Friday, hitting $22.80. The stock had a trading volume of 322,741 shares, compared to its average volume of 4,792,615. The company has a market capitalization of $8.83 billion, a PE ratio of 10.76, a P/E/G ratio of 2.01 and a beta of 1.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.66 and a current ratio of 1.73. Mosaic has a twelve month low of $22.66 and a twelve month high of $37.37.
Mosaic Company Profile
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 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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