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

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

Mosaic Stock Up 0.2 %

Shares of Mosaic stock traded up $0.05 on Wednesday, hitting $25.91. 198,206 shares of the company’s stock traded hands, compared to its average volume of 4,337,088. The stock has a market cap of $8.26 billion, a P/E ratio of 35.01, a PEG ratio of 1.76 and a beta of 1.35. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average is $26.40 and its 200 day moving average is $27.97. Mosaic has a 52-week low of $24.11 and a 52-week high of $38.30.

Mosaic Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on MOS. Mizuho increased their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays dropped their target price on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company dropped their target price 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus target price of $33.22.

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.