Mosaic (NYSE:MOS) Posts Earnings Results, Misses Estimates By $0.26 EPS

Mosaic (NYSE:MOS) posted its earnings results on Tuesday. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26), Zacks reports. Mosaic had a net margin of 10.33% and a return on equity of 6.46%.

Mosaic Trading Down 0.8%

NYSE:MOS traded down $0.23 during trading hours on Tuesday, hitting $28.50. 6,648,094 shares of the stock were exchanged, compared to its average volume of 6,743,772. The company has a market capitalization of $9.05 billion, a P/E ratio of 7.38, a price-to-earnings-growth ratio of 1.37 and a beta of 0.97. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $26.91 and its two-hundred day moving average is $28.83. Mosaic has a twelve month low of $22.36 and a twelve month high of $38.23.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, March 9th. Mosaic’s payout ratio is 22.80%.

Institutional Trading of Mosaic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Intesa Sanpaolo S.p.A. bought a new stake in shares of Mosaic during the fourth quarter worth $143,000. Advisors Asset Management Inc. increased its holdings in Mosaic by 19.3% during the 4th quarter. Advisors Asset Management Inc. now owns 5,955 shares of the basic materials company’s stock worth $143,000 after purchasing an additional 962 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Mosaic in the 3rd quarter valued at about $121,000. GeoWealth Management LLC raised its stake in shares of Mosaic by 95.9% in the 3rd quarter. GeoWealth Management LLC now owns 2,706 shares of the basic materials company’s stock valued at $94,000 after purchasing an additional 1,325 shares during the period. Finally, Aster Capital Management DIFC Ltd boosted its position in shares of Mosaic by 43.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,744 shares of the basic materials company’s stock worth $90,000 after buying an additional 1,141 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. UBS Group cut their target price on Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Wolfe Research cut their price objective on Mosaic from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mosaic in a report on Monday, December 29th. BNP Paribas Exane cut their price target on shares of Mosaic from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Finally, Bank of America reduced their price target on shares of Mosaic from $39.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Seven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.50.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.