Mosaic (NYSE:MOS) Announces Quarterly Earnings Results

Mosaic (NYSE:MOS) issued its quarterly earnings data on Tuesday. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24), Briefing.com reports. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the business posted $0.68 earnings per share. Mosaic’s revenue was down 20.8% on a year-over-year basis.

Mosaic Trading Up 1.0 %

Shares of MOS opened at $26.12 on Thursday. The business has a 50-day moving average of $26.37 and a 200 day moving average of $27.96. Mosaic has a fifty-two week low of $24.11 and a fifty-two week high of $38.30. The firm has a market cap of $8.32 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 1.62 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.19.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Thursday, September 5th. Mosaic’s dividend payout ratio (DPR) is currently 74.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 24th. Mizuho lifted their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research note on Monday, August 12th. Finally, Barclays lowered their target price on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Mosaic presently has an average rating of “Hold” and a consensus price target of $33.22.

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 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.