Mosaic (NYSE:MOS) Releases Earnings Results, Misses Estimates By $0.18 EPS

Key Points

• Mosaic reported a quarterly loss of $0.19 per share, missing analyst estimates of a $0.01 loss by $0.18. Revenue of $3.10 billion topped expectations of $3.05 billion.
• The shares fell $0.60 to $18.43 on Tuesday. Analysts’ consensus rating is “Hold,” with an average price target of $25.79.
• Mosaic declared a quarterly dividend of $0.22 per share, equivalent to $0.88 annually and a 4.8% yield.

Mosaic (NYSE:MOS - Get Free Report) posted its quarterly earnings results on Tuesday. The basic materials company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.18), FiscalAI reports. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%. The firm had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.05 billion.

Mosaic Stock Performance

Shares of NYSE:MOS traded down $0.60 during trading on Tuesday, reaching $18.43. 8,363,461 shares of the stock were exchanged, compared to its average volume of 8,922,649. Mosaic has a 12 month low of $16.99 and a 12 month high of $32.25. The stock has a 50-day moving average price of $21.95 and a 200-day moving average price of $23.89. The firm has a market cap of $5.86 billion, a PE ratio of -9.13, a PEG ratio of 5.79 and a beta of 0.91. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.88 annualized dividend and a dividend yield of 4.8%. Mosaic's dividend payout ratio is presently -43.56%.

Insider Buying and Selling at Mosaic

In related news, SVP Walter Precourt, III sold 23,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the completion of the transaction, the senior vice president owned 116,198 shares of the company's stock, valued at $2,570,299.76. This represents a 16.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MOS shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Mosaic in a report on Friday, August 7th. Wall Street Zen downgraded Mosaic from a "sell" rating to a "strong sell" rating in a report on Sunday, July 12th. Freedom Broker upgraded shares of Mosaic from a "sell" rating to a "hold" rating and set a $17.00 target price for the company in a research report on Monday. Barclays cut their price objective on Mosaic from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Friday, October 16th. Finally, Zacks Research raised shares of Mosaic from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $25.79.

Mosaic Company Profile

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.

Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.

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