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.
Mosaic Price Performance
Shares of MOS traded up $1.23 on Tuesday, hitting $54.39. The company's stock had a trading volume of 2,999,228 shares, compared to its average volume of 8,030,386. The company has a market capitalization of $19.69 billion, a PE ratio of 6.20, a PEG ratio of 0.58 and a beta of 1.62. Mosaic has a fifty-two week low of $29.14 and a fifty-two week high of $79.28. The company has a 50 day moving average price of $49.78 and a 200 day moving average price of $56.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 0.65.
Mosaic (NYSE:MOS - Get Rating) last posted its quarterly earnings data on Monday, August 1st. The basic materials company reported $3.64 EPS for the quarter, missing analysts' consensus estimates of $3.94 by ($0.30). Mosaic had a return on equity of 30.83% and a net margin of 19.66%. The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same period in the prior year, the firm posted $1.17 EPS. Mosaic's revenue for the quarter was up 91.8% compared to the same quarter last year. On average, research analysts anticipate that Mosaic will post 13.62 earnings per share for the current fiscal year.
Mosaic Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This is an increase from Mosaic's previous quarterly dividend of $0.11. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.10%. Mosaic's payout ratio is currently 6.84%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on MOS shares. Citigroup upgraded shares of Mosaic from a "neutral" rating to a "buy" rating and set a $61.00 price objective on the stock in a report on Wednesday, August 3rd. Barclays cut their price target on Mosaic from $59.00 to $52.00 and set an "underweight" rating for the company in a report on Wednesday, August 10th. Credit Suisse Group assumed coverage on Mosaic in a report on Thursday, July 14th. They set an "outperform" rating and a $60.00 price objective on the stock. Mizuho upped their target price on Mosaic from $59.00 to $89.00 in a research note on Friday, April 29th. Finally, BNP Paribas downgraded shares of Mosaic from an "outperform" rating to a "neutral" rating and set a $82.00 price target on the stock. in a research note on Wednesday, April 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.88.