Mosaic (NYSE:MOS) Announces Earnings Results, Misses Estimates By $0.24 EPS

Mosaic (NYSE:MOS) released its earnings results on Tuesday. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24), Briefing.com reports. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a return on equity of 6.92% and a net margin of 2.01%. Mosaic’s revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 earnings per share.

Mosaic Stock Up 0.2 %

NYSE MOS traded up $0.05 during trading on Wednesday, reaching $25.91. 198,206 shares of the company’s stock were exchanged, compared to its average volume of 4,337,088. Mosaic has a fifty-two week low of $24.11 and a fifty-two week high of $38.30. The firm has a market capitalization of $8.26 billion, a PE ratio of 35.01, a P/E/G ratio of 1.76 and a beta of 1.35. The company has a current ratio of 1.16, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $26.40 and its 200-day simple moving average is $27.97.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.24%. Mosaic’s payout ratio is presently 113.51%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MOS shares. Barclays lowered their target price on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Mizuho lifted their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research report on Monday, August 12th. Finally, Wells Fargo & Company decreased their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Mosaic presently has a consensus rating of “Hold” and a consensus target price of $33.22.

About Mosaic

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.