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

Mosaic (NYSE:MOSGet Free Report) 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.

Read Our Latest Stock Report on Mosaic

About Mosaic

(Get Free Report)

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.

Further Reading

Earnings History for Mosaic (NYSE:MOS)

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