Mosaic (NYSE:MOS) Issues Earnings Results

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. 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 firm’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS.

Mosaic Trading Up 1.0 %

Shares of MOS opened at $26.12 on Thursday. 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 has a fifty-two week low of $24.11 and a fifty-two week high of $38.30. The firm has a 50 day moving average price of $26.37 and a 200-day moving average price of $27.96. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.62 and a beta of 1.35.

Mosaic Announces Dividend

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

Analyst Upgrades and Downgrades

MOS has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Monday, August 12th. Mizuho upped their price objective on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Barclays dropped their target price on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock 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.