Mosaic (NYSE:MOS) Posts Quarterly Earnings Results, Misses Expectations By $0.24 EPS

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

Mosaic Stock Performance

Shares of NYSE:MOS traded up $0.09 on Wednesday, hitting $25.95. 192,267 shares of the company were exchanged, compared to its average volume of 4,337,061. 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 stock’s 50 day moving average price is $26.40 and its 200 day moving average price is $27.97. Mosaic has a 1-year low of $24.11 and a 1-year high of $38.30. The firm has a market capitalization of $8.27 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 1.76 and a beta of 1.35.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.24%. Mosaic’s dividend payout ratio is currently 113.51%.

Analysts Set New Price Targets

MOS has been the subject of several research reports. Wells Fargo & Company lowered their price target on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research report on Monday, August 12th. Barclays dropped their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, Mizuho increased their price target on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and an average 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.