Mosaic (NYSE:MOS) Announces Quarterly Earnings Results

Mosaic (NYSE:MOSGet Free Report) 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.

View Our Latest Analysis on Mosaic

About Mosaic

(Get Free Report)

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.

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Earnings History for Mosaic (NYSE:MOS)

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