Q4 2024 Earnings Estimate for The Mosaic Company Issued By Zacks Research (NYSE:MOS)

The Mosaic Company (NYSE:MOS) – Equities researchers at Zacks Research lowered their Q4 2024 EPS estimates for Mosaic in a report issued on Tuesday, April 23rd. Zacks Research analyst M. Agrawal now expects that the basic materials company will post earnings of $0.56 per share for the quarter, down from their prior estimate of $0.59. The consensus estimate for Mosaic’s current full-year earnings is $2.79 per share.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.11). Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the prior year, the firm earned $1.74 EPS. Mosaic’s quarterly revenue was down 29.7% compared to the same quarter last year.

Several other equities analysts have also recently issued reports on MOS. Wolfe Research assumed coverage on shares of Mosaic in a research report on Friday, March 1st. They set an “outperform” rating and a $39.00 price target on the stock. TheStreet cut shares of Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Piper Sandler lowered shares of Mosaic from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $42.00 to $32.00 in a research note on Thursday, February 29th. Wells Fargo & Company boosted their price objective on shares of Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Finally, The Goldman Sachs Group dropped their price objective on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and a consensus price target of $40.27.

Mosaic Price Performance

Shares of NYSE MOS opened at $30.23 on Thursday. Mosaic has a 1 year low of $29.25 and a 1 year high of $43.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.22 and a quick ratio of 0.57. The company’s 50-day moving average is $31.52 and its 200 day moving average is $33.30. The stock has a market capitalization of $9.72 billion, a P/E ratio of 8.66, a P/E/G ratio of 1.56 and a beta of 1.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MOS. Norges Bank bought a new position in shares of Mosaic in the fourth quarter worth approximately $107,893,000. Assenagon Asset Management S.A. lifted its position in Mosaic by 8,776.5% during the third quarter. Assenagon Asset Management S.A. now owns 627,654 shares of the basic materials company’s stock valued at $22,344,000 after purchasing an additional 620,583 shares during the period. Northern Trust Corp lifted its position in Mosaic by 7.5% during the third quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company’s stock valued at $217,429,000 after purchasing an additional 424,063 shares during the period. AustralianSuper Pty Ltd lifted its position in Mosaic by 23.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company’s stock valued at $74,431,000 after purchasing an additional 391,191 shares during the period. Finally, Scout Investments Inc. lifted its position in Mosaic by 278.8% during the fourth quarter. Scout Investments Inc. now owns 454,802 shares of the basic materials company’s stock valued at $16,250,000 after purchasing an additional 334,730 shares during the period. Institutional investors own 77.54% of the company’s stock.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.78%. Mosaic’s dividend payout ratio is presently 24.07%.

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 Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.