The Mosaic Company (NYSE:MOS) Expected to Earn Q2 2024 Earnings of $0.72 Per Share

The Mosaic Company (NYSE:MOS - Free Report) - Scotiabank issued their Q2 2024 earnings per share estimates for Mosaic in a research note issued to investors on Monday, May 6th. Scotiabank analyst B. Isaacson anticipates that the basic materials company will post earnings per share of $0.72 for the quarter. Scotiabank has a "Sector Outperform" rating and a $38.00 price target on the stock. The consensus estimate for Mosaic's current full-year earnings is $2.78 per share.

Other analysts have also issued reports about the company. Mizuho dropped their price objective on Mosaic from $34.00 to $33.00 and set a "neutral" rating on the stock in a report on Friday. Royal Bank of Canada lowered their price target on Mosaic from $35.00 to $32.00 and set a "sector perform" rating on the stock in a research note on Monday. Wells Fargo & Company lifted their price target on Mosaic from $34.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Friday, February 23rd. TheStreet downgraded Mosaic from a "b-" rating to a "c+" rating in a research report on Tuesday, February 6th. Finally, The Goldman Sachs Group reduced their price objective on Mosaic from $54.00 to $48.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $38.57.

Mosaic Stock Performance

Mosaic stock traded up $0.85 during midday trading on Tuesday, hitting $29.89. 5,205,157 shares of the company were exchanged, compared to its average volume of 5,020,311. The firm has a market capitalization of $9.62 billion, a PE ratio of 12.72 and a beta of 1.51. Mosaic has a fifty-two week low of $27.83 and a fifty-two week high of $42.81. The business has a fifty day simple moving average of $31.36 and a two-hundred day simple moving average of $32.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The business had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.88 billion. During the same quarter last year, the business posted $1.14 earnings per share. The company's quarterly revenue was down 25.7% compared to the same quarter last year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.84 annualized dividend and a yield of 2.81%. Mosaic's payout ratio is 35.74%.

Institutional Investors Weigh In On Mosaic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in shares of Mosaic by 3.2% in the third quarter. Invesco Ltd. now owns 8,792,687 shares of the basic materials company's stock valued at $313,020,000 after buying an additional 268,966 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Mosaic by 7.5% in the third quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company's stock valued at $217,429,000 after buying an additional 424,063 shares in the last quarter. Dimensional Fund Advisors LP grew 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 purchasing an additional 189,706 shares in the last quarter. Pacer Advisors Inc. grew 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 purchasing an additional 186,337 shares in the last quarter. Finally, Deutsche Bank AG grew 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 purchasing an additional 107,011 shares in the last quarter. Institutional investors own 77.54% of the company's stock.

About Mosaic

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.