Mosaic (NYSE:MOS) Releases Earnings Results, Misses Estimates By $0.24 EPS

Mosaic (NYSE:MOS) posted its earnings results on Tuesday. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the business earned $0.68 EPS. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year.

Mosaic Stock Performance

Shares of NYSE MOS traded up $0.20 during mid-day trading on Thursday, hitting $26.32. The company had a trading volume of 3,365,531 shares, compared to its average volume of 4,354,862. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 1.62 and a beta of 1.35. Mosaic has a 1 year low of $24.11 and a 1 year high of $38.30. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The stock’s 50-day moving average price is $26.37 and its 200-day moving average price is $27.96.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

Analyst Ratings Changes

MOS has been the topic of a number of recent research reports. Mizuho raised their target price on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays dropped their price target on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Wells Fargo & Company dropped their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a report on Thursday. One equities research 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $33.22.

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.