Mosaic (NYSE:MOS) Sets New 12-Month Low on Disappointing Earnings

The Mosaic Company (NYSE:MOS - Get Free Report) reached a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The company traded as low as $27.93 and last traded at $28.11, with a volume of 2500327 shares traded. The stock had previously closed at $29.93.

The basic materials company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The company had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.88 billion. Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The company's revenue for the quarter was down 25.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 EPS.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.96%. The ex-dividend date is Thursday, June 6th. Mosaic's dividend payout ratio (DPR) is 24.07%.

Analysts Set New Price Targets

MOS has been the subject of several recent analyst reports. Mizuho cut Mosaic from a "buy" rating to a "neutral" rating and lowered their price target for the company from $42.00 to $34.00 in a report on Wednesday, January 24th. The Goldman Sachs Group lowered their price target on Mosaic from $54.00 to $48.00 and set a "buy" rating for the company in a report on Thursday, February 1st. Wells Fargo & Company lifted their price target on Mosaic from $34.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, February 23rd. TheStreet cut Mosaic from a "b-" rating to a "c+" rating in a report on Tuesday, February 6th. Finally, Piper Sandler cut Mosaic from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $42.00 to $32.00 in a report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued 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 target price of $40.27.

Hedge Funds Weigh In On Mosaic

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. lifted its position in Mosaic by 3.2% during the 3rd quarter. Invesco Ltd. now owns 8,792,687 shares of the basic materials company's stock worth $313,020,000 after acquiring an additional 268,966 shares in the last quarter. Northern Trust Corp lifted its position in Mosaic by 7.5% during the 3rd quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company's stock worth $217,429,000 after acquiring an additional 424,063 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Mosaic by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,969,039 shares of the basic materials company's stock worth $141,829,000 after acquiring an additional 189,706 shares in the last quarter. Pacer Advisors Inc. lifted its position in Mosaic by 5.1% during the 4th quarter. Pacer Advisors Inc. now owns 3,824,263 shares of the basic materials company's stock worth $136,641,000 after acquiring an additional 186,337 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Mosaic by 3.6% during the 3rd quarter. Deutsche Bank AG now owns 3,062,975 shares of the basic materials company's stock worth $109,042,000 after acquiring an additional 107,011 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Stock Down 5.1 %

The firm has a 50-day moving average of $31.46 and a 200 day moving average of $33.13. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 1.61 and a beta of 1.50. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26.

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.