Mosaic (NYSE:MOS) Announces Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Mosaic (NYSE:MOS) issued its quarterly earnings data on Monday. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15), Briefing.com reports. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 earnings per share.

Mosaic Price Performance

Shares of NYSE MOS opened at $22.21 on Monday. Mosaic has a fifty-two week low of $22.17 and a fifty-two week high of $38.23. The company has a market cap of $7.05 billion, a PE ratio of 13.14, a P/E/G ratio of 1.33 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 1.32. The business has a 50-day simple moving average of $25.63 and a two-hundred day simple moving average of $26.17.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be paid a $0.22 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.88 dividend on an annualized basis and a yield of 4.0%. Mosaic’s dividend payout ratio (DPR) is 52.07%.

Hedge Funds Weigh In On Mosaic

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its stake in Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 601 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Mosaic during the second quarter worth $31,000. Gen Wealth Partners Inc acquired a new stake in shares of Mosaic during the fourth quarter worth $32,000. Los Angeles Capital Management LLC purchased a new stake in shares of Mosaic during the fourth quarter valued at $34,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Mosaic during the second quarter valued at $34,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Bank of America downgraded Mosaic from a “buy” rating to a “neutral” rating and cut their price target for the company from $33.00 to $30.00 in a report on Friday, March 20th. Morgan Stanley dropped their price objective on Mosaic from $35.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. BNP Paribas Exane cut their target price on Mosaic from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. Berenberg Bank reduced their target price on shares of Mosaic from $38.00 to $28.00 and set a “hold” rating for the company in a report on Tuesday, May 5th. Finally, UBS Group lowered shares of Mosaic from a “buy” rating to a “neutral” rating and decreased their price target for the company from $33.00 to $27.00 in a research report on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $29.31.

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.