Mosaic Co (NYSE:MOS) shares were up 7.1% on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as C$22.90 and last traded at C$22.34. Approximately 11,791,541 shares were traded during trading, an increase of 189% from the average daily volume of 4,076,730 shares. The stock had previously closed at C$20.85.
The company reported C$0.43 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.25 by C$0.18. Mosaic had a return on equity of 4.03% and a net margin of 5.20%. The company had revenue of C$1.98 billion for the quarter, compared to analysts’ expectations of C$1.93 billion. During the same period last year, the firm earned $0.41 EPS. Mosaic’s revenue for the quarter was up 1.7% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be given a dividend of $0.025 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of Infinity.
A number of brokerages recently commented on MOS. Morgan Stanley lowered their price target on shares of Mosaic from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. Royal Bank Of Canada decreased their price objective on shares of Mosaic to C$23.00 and set a “sector perform” rating for the company in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $27.00 price target on shares of Mosaic in a research note on Friday, July 14th. Finally, BMO Capital Markets reissued a “hold” rating and set a $25.00 price objective on shares of Mosaic in a report on Friday, September 8th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$23.91.
In related news, Director Robert L. Lumpkins bought 7,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average cost of C$19.94 per share, with a total value of C$139,580.00. Following the transaction, the director now directly owns 9,339 shares of the company’s stock, valued at approximately C$186,219.66. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
A number of institutional investors have recently modified their holdings of MOS. CIBC Asset Management Inc lifted its stake in shares of Mosaic by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 37,157 shares of the company’s stock worth $848,000 after acquiring an additional 149 shares during the period. Sentry Investment Management LLC lifted its stake in shares of Mosaic by 1.0% in the second quarter. Sentry Investment Management LLC now owns 23,662 shares of the company’s stock valued at $540,000 after purchasing an additional 223 shares during the period. Bank of Hawaii raised its position in Mosaic by 0.8% during the second quarter. Bank of Hawaii now owns 36,496 shares of the company’s stock worth $833,000 after acquiring an additional 287 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in Mosaic by 0.6% during the second quarter. Xact Kapitalforvaltning AB now owns 53,096 shares of the company’s stock worth $1,212,000 after acquiring an additional 297 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Mosaic by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the company’s stock worth $498,000 after acquiring an additional 300 shares during the last quarter.
ILLEGAL ACTIVITY WARNING: This news story was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2017/11/01/mosaic-company-the-mos-trading-7-1-higher-following-better-than-expected-earnings.html.
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
What are top analysts saying about Mosaic Co? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mosaic Co and related companies.