Mosaic (NYSE:MOS) Posts Earnings Results, Misses Estimates By $0.01 EPS

Mosaic (NYSE:MOS - Get Free Report) posted its earnings results on Wednesday. The basic materials company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01), RTT News reports. Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the previous year, the company posted $1.14 EPS. The firm's revenue for the quarter was down 25.7% compared to the same quarter last year.

Mosaic Trading Down 4.7 %

Shares of NYSE MOS traded down $1.47 during mid-day trading on Wednesday, hitting $29.92. The company's stock had a trading volume of 10,024,132 shares, compared to its average volume of 4,909,082. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 1.58 and a beta of 1.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.22 and a quick ratio of 0.57. Mosaic has a one year low of $29.25 and a one year high of $43.99. The company's fifty day simple moving average is $31.54 and its 200-day simple moving average is $33.16.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic's dividend payout ratio (DPR) is presently 24.07%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Mizuho lowered shares of Mosaic from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $42.00 to $34.00 in a report on Wednesday, January 24th. TheStreet lowered shares of Mosaic from a "b-" rating to a "c+" rating in a report on Tuesday, February 6th. Wolfe Research started coverage on shares of Mosaic in a report on Friday, March 1st. They issued an "outperform" rating and a $39.00 target price on the stock. Wells Fargo & Company increased their price objective on shares of Mosaic from $34.00 to $35.00 and gave the stock an "equal weight" rating in a report on Friday, February 23rd. Finally, Piper Sandler lowered shares of Mosaic from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from $42.00 to $32.00 in a report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Mosaic presently has a consensus rating of "Hold" and a consensus price target of $40.27.

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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