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.
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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