Mosaic Co (NYSE:MOS) Expected to Post Quarterly Sales of $2.58 Billion

Analysts predict that Mosaic Co (NYSE:MOS) will report sales of $2.58 billion for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Mosaic’s earnings, with the lowest sales estimate coming in at $2.57 billion and the highest estimate coming in at $2.58 billion. Mosaic reported sales of $2.93 billion in the same quarter last year, which indicates a negative year over year growth rate of 11.9%. The company is expected to announce its next quarterly earnings report after the market closes on Monday, November 4th.

On average, analysts expect that Mosaic will report full-year sales of $9.17 billion for the current year, with estimates ranging from $8.85 billion to $9.71 billion. For the next financial year, analysts expect that the firm will report sales of $9.23 billion, with estimates ranging from $8.94 billion to $9.61 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Mosaic.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.18). The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.31 billion. Mosaic had a return on equity of 6.87% and a net margin of 2.70%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 EPS.

A number of research firms have commented on MOS. Cowen decreased their price objective on shares of Mosaic from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. CIBC started coverage on shares of Mosaic in a report on Wednesday, October 9th. They set a “buy” rating and a $25.00 price target for the company. Cfra reissued a “buy” rating and set a $27.00 price target on shares of Mosaic in a report on Monday, September 9th. Citigroup raised shares of Mosaic from a “neutral” rating to a “buy” rating and boosted their price target for the company from $26.00 to $31.00 in a report on Wednesday, July 31st. Finally, Morgan Stanley reduced their price target on shares of Mosaic from $36.00 to $29.00 and set an “equal weight” rating for the company in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $29.06.

Mosaic stock traded down $0.09 during mid-day trading on Thursday, reaching $19.55. The company’s stock had a trading volume of 2,390,158 shares, compared to its average volume of 4,451,522. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 2.50 and a beta of 1.65. The business has a 50 day moving average price of $20.11 and a 200-day moving average price of $22.78. The company has a current ratio of 1.67, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. Mosaic has a twelve month low of $17.36 and a twelve month high of $37.37.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Wednesday, December 4th. Mosaic’s dividend payout ratio is currently 9.43%.

In other Mosaic news, Director William T. Monahan purchased 2,360 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $21.15 per share, for a total transaction of $49,914.00. Following the completion of the transaction, the director now owns 39,235 shares in the company, valued at $829,820.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cheryl K. Beebe purchased 12,998 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was acquired at an average price of $19.21 per share, for a total transaction of $249,691.58. Following the completion of the transaction, the director now owns 23,704 shares of the company’s stock, valued at approximately $455,353.84. The disclosure for this purchase can be found here. 0.51% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. World Asset Management Inc raised its holdings in Mosaic by 1.4% during the 2nd quarter. World Asset Management Inc now owns 30,468 shares of the basic materials company’s stock worth $763,000 after buying an additional 430 shares during the period. Nisa Investment Advisors LLC raised its holdings in Mosaic by 1.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 34,605 shares of the basic materials company’s stock worth $866,000 after buying an additional 500 shares during the period. Columbus Macro LLC raised its holdings in Mosaic by 3.4% during the 2nd quarter. Columbus Macro LLC now owns 19,067 shares of the basic materials company’s stock worth $477,000 after buying an additional 626 shares during the period. Cim Investment Mangement Inc. raised its holdings in Mosaic by 4.0% during the 2nd quarter. Cim Investment Mangement Inc. now owns 19,873 shares of the basic materials company’s stock worth $497,000 after buying an additional 765 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Mosaic by 0.9% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 89,204 shares of the basic materials company’s stock worth $2,233,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 74.98% of the company’s stock.

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 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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