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NVDA   545.82 (+1.09%)
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The Mosaic Company (NYSE:MOS) Expected to Post Quarterly Sales of $2.39 Billion

Last updated on Sunday, October 18, 2020 | 2020 MarketBeat

Wall Street analysts expect The Mosaic Company (NYSE:MOS) to announce $2.39 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for The Mosaic's earnings, with the highest sales estimate coming in at $2.40 billion and the lowest estimate coming in at $2.39 billion. The Mosaic posted sales of $2.75 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 13.1%. The company is scheduled to report its next earnings results after the market closes on Monday, November 2nd.

According to Zacks, analysts expect that The Mosaic will report full-year sales of $8.30 billion for the current financial year, with estimates ranging from $8.21 billion to $8.35 billion. For the next fiscal year, analysts forecast that the business will report sales of $8.52 billion, with estimates ranging from $8.44 billion to $8.68 billion. Zacks Investment Research's sales calculations are a mean average based on a survey of analysts that cover The Mosaic.

The Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, August 3rd. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.01) by $0.12. The Mosaic had a negative return on equity of 0.64% and a negative net margin of 12.92%. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the firm posted $0.12 EPS. The firm's revenue for the quarter was down 6.1% on a year-over-year basis.

MOS has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of The Mosaic from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Berenberg Bank reaffirmed a "hold" rating and issued a $16.00 target price on shares of The Mosaic in a report on Tuesday, August 11th. Goldman Sachs Group increased their price target on shares of The Mosaic from $14.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Zacks Investment Research raised The Mosaic from a "sell" rating to a "hold" rating and set a $14.00 price objective on the stock in a report on Tuesday, July 7th. Finally, Morgan Stanley increased their target price on The Mosaic from $15.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Monday, August 24th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of "Hold" and a consensus target price of $17.05.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in The Mosaic by 4.5% during the second quarter. Vanguard Group Inc. now owns 41,043,639 shares of the basic materials company's stock worth $513,455,000 after buying an additional 1,771,913 shares in the last quarter. FMR LLC boosted its stake in shares of The Mosaic by 5.7% during the second quarter. FMR LLC now owns 7,945,195 shares of the basic materials company's stock valued at $99,394,000 after acquiring an additional 431,908 shares during the last quarter. Menora Mivtachim Holdings LTD. boosted its stake in shares of The Mosaic by 29.9% during the second quarter. Menora Mivtachim Holdings LTD. now owns 5,469,844 shares of the basic materials company's stock valued at $68,428,000 after acquiring an additional 1,259,608 shares during the last quarter. Donald Smith & CO. Inc. increased its position in The Mosaic by 0.3% during the 2nd quarter. Donald Smith & CO. Inc. now owns 5,345,539 shares of the basic materials company's stock worth $66,873,000 after purchasing an additional 15,988 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in The Mosaic by 161.0% in the 2nd quarter. Nordea Investment Management AB now owns 4,177,624 shares of the basic materials company's stock valued at $52,136,000 after purchasing an additional 2,576,807 shares during the last quarter. 71.57% of the stock is currently owned by institutional investors.

NYSE:MOS opened at $19.14 on Friday. The Mosaic has a 12-month low of $6.50 and a 12-month high of $22.50. The company has a current ratio of 1.30, a quick ratio of 0.68 and a debt-to-equity ratio of 0.52. The stock's 50 day simple moving average is $18.66 and its 200-day simple moving average is $14.46. The firm has a market cap of $7.26 billion, a P/E ratio of -6.47, a PEG ratio of 8.21 and a beta of 1.83.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $0.20 annualized dividend and a yield of 1.04%. The Mosaic's dividend payout ratio (DPR) is currently 105.26%.

The 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.

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Earnings History and Estimates for The Mosaic (NYSE:MOS)

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The Next 5 Retailers on the Edge of Bankruptcy

Through no fault of theirs, the novel coronavirus has put some retailers on the edge of bankruptcy. And as you’ve seen, many have fallen over that edge including iconic names like Nieman Marcus, J.C. Penney and J.Crew.

In fact, according to the American Bankruptcy Institute, there were 560 commercial Chapter 11 filings in April. That was a 26% increase over last year. And executive director, Amy Quakenboss, suggests that there are more to come.

“As financial challenges continue to escalate amid this crisis,” observes Quakenboss, “bankruptcy is sure to offer a financial safe harbor from the economic storm.”

With no revenue walking through the door, many retailers are seeing a semblance of revenue from e-commerce sales. But for some retailers, the shutdown is more impactful because they didn’t have a strong e-commerce structure. That means that they rely more than others on brick-and-mortar sales.

The real question now is will there really be the pent-up demand that some analysts still swear is just waiting to be unleashed. It may indeed exist. Time will tell. But time is not a commodity many of these retailers have. And we’ve identified five retailers for which the clock is not in their favor.

View the "The Next 5 Retailers on the Edge of Bankruptcy".

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