The Mosaic Company (NYSE:MOS - Free Report) - Zacks Research decreased their Q4 2024 earnings per share estimates for shares of Mosaic in a report released on Tuesday, April 23rd. Zacks Research analyst M. Agrawal now forecasts that the basic materials company will earn $0.56 per share for the quarter, down from their previous estimate of $0.59. The consensus estimate for Mosaic's current full-year earnings is $2.79 per share.
MOS has been the subject of several other research reports. Scotiabank upgraded Mosaic from a "sector perform" rating to a "sector outperform" rating and set a $40.00 price target for the company in a research note on Thursday, February 22nd. TheStreet cut Mosaic from a "b-" rating to a "c+" rating in a research report on Tuesday, February 6th. The Goldman Sachs Group cut their price objective on Mosaic from $54.00 to $48.00 and set a "buy" rating for the company in a research report on Thursday, February 1st. Wolfe Research started coverage on Mosaic in a research report on Friday, March 1st. They set an "outperform" rating and a $39.00 price objective for the company. Finally, Mizuho cut Mosaic from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $42.00 to $34.00 in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Mosaic currently has a consensus rating of "Hold" and a consensus target price of $40.27.
Check Out Our Latest Stock Analysis on MOS
Mosaic Stock Down 0.7 %
Shares of MOS traded down $0.21 during trading hours on Thursday, hitting $30.28. 4,565,106 shares of the company were exchanged, compared to its average volume of 4,860,460. The company has a market cap of $9.74 billion, a PE ratio of 8.68, a PEG ratio of 1.56 and a beta of 1.50. The firm's 50 day moving average is $31.52 and its 200-day moving average is $33.36. Mosaic has a 52 week low of $29.25 and a 52 week high of $43.99. 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 (NYSE:MOS - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.11). The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.09 billion. Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The business's revenue was down 29.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.74 EPS.
Mosaic Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.77%. Mosaic's payout ratio is presently 24.07%.
Hedge Funds Weigh In On Mosaic
A number of hedge funds have recently modified their holdings of the stock. Denali Advisors LLC boosted its position in Mosaic by 100.5% in the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company's stock valued at $30,000 after buying an additional 414 shares during the last quarter. Mather Group LLC. bought a new position in Mosaic in the 1st quarter valued at $40,000. Janiczek Wealth Management LLC boosted its position in Mosaic by 28.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company's stock valued at $52,000 after buying an additional 318 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Mosaic by 526.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company's stock valued at $55,000 after buying an additional 1,289 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in Mosaic in the 3rd quarter valued at $57,000. 77.54% of the stock is owned by institutional investors and hedge funds.
Mosaic Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Mosaic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mosaic wasn't on the list.
While Mosaic currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
