The Mosaic Company (NYSE:MOS - Free Report) - Stock analysts at Zacks Research lowered their Q1 2024 EPS estimates for Mosaic in a research report issued on Tuesday, April 23rd. Zacks Research analyst M. Agrawal now expects that the basic materials company will earn $0.58 per share for the quarter, down from their previous estimate of $0.63. The consensus estimate for Mosaic's current full-year earnings is $2.81 per share. Zacks Research also issued estimates for Mosaic's Q2 2024 earnings at $0.79 EPS, Q3 2024 earnings at $0.69 EPS, FY2024 earnings at $2.63 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.96 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $2.45 EPS, Q1 2026 earnings at $0.79 EPS and FY2026 earnings at $2.79 EPS.
Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.11). Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The business had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the prior year, the company posted $1.74 EPS. The business's revenue for the quarter was down 29.7% on a year-over-year basis.
Several other research firms also recently issued reports on MOS. TheStreet downgraded shares of Mosaic from a "b-" rating to a "c+" rating in a report on Tuesday, February 6th. Scotiabank raised shares of Mosaic from a "sector perform" rating to a "sector outperform" rating and set a $40.00 price target for the company in a report on Thursday, February 22nd. Mizuho lowered shares of Mosaic from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $42.00 to $34.00 in a report on Wednesday, January 24th. Wolfe Research assumed coverage on Mosaic in a research note on Friday, March 1st. They issued an "outperform" rating and a $39.00 target price for the company. Finally, 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 research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $40.27.
Read Our Latest Analysis on Mosaic
Mosaic Stock Up 0.3 %
NYSE:MOS traded up $0.08 during mid-day trading on Wednesday, hitting $30.49. 3,508,073 shares of the company's stock traded hands, compared to its average volume of 4,862,616. The company has a fifty day moving average of $31.51 and a 200 day moving average of $33.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22. Mosaic has a twelve month low of $29.25 and a twelve month high of $43.99. The company has a market capitalization of $9.81 billion, a P/E ratio of 8.71, a P/E/G ratio of 1.56 and a beta of 1.50.
Mosaic Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic's dividend payout ratio is presently 24.07%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in MOS. International Assets Investment Management LLC increased its holdings in Mosaic by 15.0% in the third quarter. International Assets Investment Management LLC now owns 7,251 shares of the basic materials company's stock valued at $255,000 after buying an additional 945 shares during the last quarter. Ritholtz Wealth Management bought a new position in Mosaic during the third quarter valued at about $243,000. HB Wealth Management LLC bought a new stake in shares of Mosaic during the 3rd quarter worth $212,000. SG Americas Securities LLC boosted its holdings in shares of Mosaic by 95.0% in the third quarter. SG Americas Securities LLC now owns 42,252 shares of the basic materials company's stock worth $1,504,000 after buying an additional 20,585 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in Mosaic by 526.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company's stock valued at $55,000 after purchasing an additional 1,289 shares during the period. Hedge funds and other institutional investors own 77.54% of the company's stock.
Mosaic Company Profile
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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.
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