FY2024 Earnings Forecast for Mosaic Issued By Zacks Research

The Mosaic Company (NYSE:MOS) – Equities researchers at Zacks Research cut their FY2024 earnings per share estimates for shares of Mosaic in a report released on Monday, January 20th. Zacks Research analyst R. Department now forecasts that the basic materials company will earn $2.02 per share for the year, down from their prior estimate of $2.03. The consensus estimate for Mosaic’s current full-year earnings is $2.06 per share. Zacks Research also issued estimates for Mosaic’s Q4 2024 earnings at $0.49 EPS, Q1 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.44 EPS, Q2 2026 earnings at $0.33 EPS, Q4 2026 earnings at $0.57 EPS and FY2026 earnings at $1.50 EPS.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period last year, the business earned $0.68 earnings per share.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. Wells Fargo & Company decreased their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 24th. Morgan Stanley lowered their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. CIBC started coverage on Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price for the company. Finally, Oppenheimer began coverage on shares of Mosaic in a research note on Thursday, December 12th. They set a “market perform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and an average target price of $35.09.

Mosaic Price Performance

NYSE:MOS opened at $27.14 on Tuesday. The company has a market capitalization of $8.62 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.44 and a beta of 1.34. Mosaic has a 12 month low of $23.56 and a 12 month high of $33.44. The business’s 50-day moving average is $25.63 and its 200 day moving average is $26.69. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s payout ratio is currently 74.34%.

Institutional Trading of Mosaic

Large investors have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. grew its holdings in Mosaic by 1.5% during the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock worth $625,000 after acquiring an additional 354 shares during the period. CVA Family Office LLC boosted its position in shares of Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 384 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Mosaic by 5.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company’s stock valued at $235,000 after buying an additional 426 shares during the period. GAMMA Investing LLC lifted its stake in shares of Mosaic by 5.8% in the 3rd quarter. GAMMA Investing LLC now owns 9,498 shares of the basic materials company’s stock valued at $254,000 after purchasing an additional 517 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in Mosaic by 1.8% during the second quarter. Blair William & Co. IL now owns 30,921 shares of the basic materials company’s stock worth $894,000 after buying an additional 544 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

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.