The Mosaic Company (NYSE:MOS - Free Report) - Zacks Research reduced their Q2 2024 earnings estimates for shares of Mosaic in a research report issued to clients and investors on Monday, May 13th. Zacks Research analyst M. Agrawal now forecasts that the basic materials company will earn $0.73 per share for the quarter, down from their prior estimate of $0.79. The consensus estimate for Mosaic's current full-year earnings is $2.77 per share. Zacks Research also issued estimates for Mosaic's Q3 2024 earnings at $0.68 EPS, Q2 2025 earnings at $0.90 EPS, FY2025 earnings at $2.24 EPS, Q1 2026 earnings at $0.75 EPS and FY2026 earnings at $2.71 EPS.
Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The company's quarterly revenue was down 25.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 earnings per share.
MOS has been the subject of several other research reports. Royal Bank of Canada decreased their target price on Mosaic from $35.00 to $32.00 and set a "sector perform" rating for the company in a research note on Monday, May 6th. The Goldman Sachs Group reduced their price objective on shares of Mosaic from $54.00 to $48.00 and set a "buy" rating for the company in a research report on Thursday, February 1st. Barclays cut their target price on shares of Mosaic from $42.00 to $39.00 and set an "overweight" rating on the stock in a research note on Monday. Scotiabank decreased their price target on shares of Mosaic from $40.00 to $38.00 and set a "sector outperform" rating for the company in a research note on Monday, May 6th. Finally, TheStreet cut shares of Mosaic from a "b-" rating to a "c+" rating in a research report on Tuesday, February 6th. Two equities 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 stock. Based on data from MarketBeat.com, Mosaic has an average rating of "Hold" and an average target price of $38.36.
View Our Latest Report on MOS
Mosaic Trading Up 2.1 %
Mosaic stock traded up $0.62 during trading hours on Tuesday, reaching $30.08. 3,406,841 shares of the company's stock were exchanged, compared to its average volume of 4,916,991. The firm has a market capitalization of $9.68 billion, a PE ratio of 12.80 and a beta of 1.51. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The firm's 50 day simple moving average is $31.17 and its 200 day simple moving average is $32.80. Mosaic has a twelve month low of $27.83 and a twelve month high of $42.81.
Institutional Investors Weigh In On Mosaic
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank raised its holdings in shares of Mosaic by 27.1% in the 1st quarter. Toronto Dominion Bank now owns 313,211 shares of the basic materials company's stock worth $10,167,000 after acquiring an additional 66,689 shares during the last quarter. Shell Asset Management Co. increased its stake in Mosaic by 38.2% in the 1st quarter. Shell Asset Management Co. now owns 37,506 shares of the basic materials company's stock valued at $1,217,000 after buying an additional 10,364 shares during the last quarter. MQS Management LLC purchased a new stake in Mosaic in the 1st quarter valued at about $467,000. Natixis increased its stake in Mosaic by 14.6% in the 1st quarter. Natixis now owns 22,406 shares of the basic materials company's stock valued at $727,000 after buying an additional 2,858 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in Mosaic by 1.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 452,182 shares of the basic materials company's stock valued at $14,693,000 after buying an additional 8,263 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.
Mosaic Dividend Announcement
The firm 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 $0.21 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.79%. Mosaic's dividend payout ratio is presently 35.74%.
About Mosaic
(
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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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