Mosaic (NYSE:MOS) Releases Earnings Results, Misses Expectations By $0.01 EPS

Mosaic (NYSE:MOS) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01), RTT News reports. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The firm’s revenue for the quarter was down 25.7% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS.

Mosaic Stock Performance

NYSE:MOS traded up $0.27 during trading hours on Friday, hitting $28.68. 5,229,141 shares of the company were exchanged, compared to its average volume of 4,586,717. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.57. Mosaic has a 52-week low of $27.83 and a 52-week high of $42.81. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 1.46 and a beta of 1.51. The company’s 50 day moving average price is $31.41 and its 200-day moving average price is $33.08.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Thursday, June 6th. Mosaic’s payout ratio is currently 35.74%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MOS. Mizuho dropped their price target on Mosaic from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday. TheStreet downgraded shares of Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Piper Sandler lowered shares of Mosaic from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $42.00 to $32.00 in a report on Thursday, February 29th. Scotiabank raised Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 target price on the stock in a research report on Thursday, February 22nd. Finally, Wells Fargo & Company boosted their price target on Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Two 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.20.

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.