Mosaic (NYSE:MOS – Get Free Report) issued its quarterly earnings data on Tuesday. The basic materials company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18), FiscalAI reports. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.05 billion. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%. Mosaic’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 earnings per share.
Mosaic Price Performance
Shares of NYSE MOS traded up $1.21 during midday trading on Wednesday, reaching $19.63. The company’s stock had a trading volume of 2,898,188 shares, compared to its average volume of 8,888,139. The company has a market cap of $6.24 billion, a P/E ratio of -9.71, a P/E/G ratio of 6.01 and a beta of 0.88. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34. The business’s 50 day moving average price is $21.84 and its two-hundred day moving average price is $23.85. Mosaic has a fifty-two week low of $16.99 and a fifty-two week high of $32.25.
Mosaic Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.88 annualized dividend and a dividend yield of 4.5%. Mosaic’s dividend payout ratio (DPR) is currently -43.56%.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. lowered shares of Mosaic from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $27.00 to $25.00 in a research report on Monday, October 5th. UBS Group dropped their price objective on shares of Mosaic from $23.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, October 27th. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Barclays decreased their price objective on shares of Mosaic from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, October 16th. Finally, Wall Street Zen lowered Mosaic from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Mosaic presently has an average rating of “Hold” and a consensus target price of $25.68.
Get Our Latest Report on Mosaic
Insider Transactions at Mosaic
In other Mosaic news, SVP Walter Precourt, III sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the transaction, the senior vice president directly owned 116,198 shares of the company’s stock, valued at $2,570,299.76. This trade represents a 16.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by insiders.
About Mosaic
The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.
Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.
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