Mosaic Co (NYSE:MOS) Expected to Announce Earnings of $0.27 Per Share

Brokerages predict that Mosaic Co (NYSE:MOS) will report earnings per share (EPS) of $0.27 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Mosaic’s earnings, with estimates ranging from $0.24 to $0.33. Mosaic reported earnings of $0.75 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 64%. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, November 4th.

On average, analysts expect that Mosaic will report full year earnings of $1.06 per share for the current year, with EPS estimates ranging from $0.79 to $1.25. For the next year, analysts forecast that the firm will report earnings of $1.70 per share, with EPS estimates ranging from $1.25 to $2.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Mosaic.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.18). Mosaic had a return on equity of 6.87% and a net margin of 2.70%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the company posted $0.40 earnings per share. The business’s revenue was down 1.3% compared to the same quarter last year.

Several analysts have issued reports on the stock. Royal Bank of Canada dropped their price target on shares of Mosaic from $32.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, September 27th. They noted that the move was a valuation call. Stifel Nicolaus dropped their price target on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, October 4th. CIBC assumed coverage on shares of Mosaic in a research report on Wednesday, October 9th. They set a “buy” rating and a $25.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Mosaic from $27.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Finally, Citigroup raised shares of Mosaic from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.00 to $31.00 in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $29.06.

In related news, Director William T. Monahan acquired 2,360 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average cost of $21.15 per share, with a total value of $49,914.00. Following the completion of the transaction, the director now directly owns 39,235 shares of the company’s stock, valued at $829,820.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Cheryl K. Beebe purchased 12,998 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of $19.21 per share, for a total transaction of $249,691.58. Following the completion of the transaction, the director now owns 23,704 shares of the company’s stock, valued at approximately $455,353.84. The disclosure for this purchase can be found here. 0.51% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in MOS. Nuveen Asset Management LLC increased its position in Mosaic by 73,897.0% during the second quarter. Nuveen Asset Management LLC now owns 6,286,041 shares of the basic materials company’s stock worth $157,339,000 after acquiring an additional 6,277,546 shares during the period. Marshall Wace LLP increased its position in Mosaic by 2,241.2% during the second quarter. Marshall Wace LLP now owns 886,438 shares of the basic materials company’s stock worth $22,188,000 after acquiring an additional 848,576 shares during the period. Janus Henderson Group PLC increased its position in Mosaic by 25.3% during the second quarter. Janus Henderson Group PLC now owns 4,062,787 shares of the basic materials company’s stock worth $101,696,000 after acquiring an additional 819,204 shares during the period. Balyasny Asset Management LLC increased its position in Mosaic by 867.0% during the second quarter. Balyasny Asset Management LLC now owns 731,464 shares of the basic materials company’s stock worth $18,309,000 after acquiring an additional 655,825 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in Mosaic during the second quarter worth about $16,057,000. 74.98% of the stock is currently owned by institutional investors and hedge funds.

NYSE MOS traded up $0.21 on Tuesday, hitting $19.68. 2,950,292 shares of the stock were exchanged, compared to its average volume of 4,672,638. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 0.60. The business’s fifty day moving average is $20.21 and its 200 day moving average is $22.62. Mosaic has a 52 week low of $17.36 and a 52 week high of $37.37. The company has a market capitalization of $7.39 billion, a PE ratio of 9.28, a P/E/G ratio of 2.63 and a beta of 1.65.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Wednesday, December 4th. Mosaic’s payout ratio is presently 9.43%.

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 International Distribution. 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.

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