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. The company also produces and sells potash for use in the manufacturing of mixed crop nutrients and animal feed ingredients, and for industrial use; and for use in the de-icing and as a water softener regenerant. In addition, it provides nitrogen-based crop nutrients, animal feed ingredients, and other ancillary services; and purchases and sells phosphates, potash, and nitrogen products. The company sells its products to wholesale distributors, retail chains, farmers, cooperatives, independent retailers, and national accounts. The Mosaic Company was incorporated in 2004 and is headquartered in Tampa, Florida.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. Royal Bank of Canada upped their price target on Mosaic from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 21st. Credit Suisse Group started coverage on shares of Mosaic in a report on Thursday, July 14th. They set an "outperform" rating and a $60.00 price objective on the stock. Piper Sandler raised their price target on shares of Mosaic from $80.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, May 31st. Barclays cut their price objective on Mosaic from $59.00 to $52.00 and set an "underweight" rating for the company in a research note on Wednesday, August 10th. Finally, Mizuho lifted their price objective on Mosaic from $59.00 to $89.00 in a research report on Friday, April 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mosaic has an average rating of "Moderate Buy" and a consensus price target of $64.88.
Mosaic Stock Performance
Shares of Mosaic stock traded down $0.91 during trading hours on Friday, hitting $53.82. 34,206 shares of the company were exchanged, compared to its average volume of 4,284,209. The stock has a market capitalization of $19.48 billion, a price-to-earnings ratio of 6.09, a P/E/G ratio of 0.57 and a beta of 1.62. Mosaic has a 1 year low of $29.14 and a 1 year high of $79.28. The business has a 50-day moving average of $49.75 and a 200-day moving average of $56.38. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 0.28.
Mosaic (NYSE:MOS - Get Rating) last released its quarterly earnings data on Monday, August 1st. The basic materials company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.94 by ($0.30). The business had revenue of $5.37 billion during the quarter, compared to analysts' expectations of $5.62 billion. Mosaic had a return on equity of 30.83% and a net margin of 19.66%. The company's revenue was up 91.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. As a group, analysts expect that Mosaic will post 13.62 EPS for the current fiscal year.
Mosaic Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.11%. Mosaic's dividend payout ratio is currently 6.84%.