Mosaic Co (NYSE:MOS) Expected to Post Earnings of $0.21 Per Share

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Equities analysts predict that Mosaic Co (NYSE:MOS) will report earnings per share of $0.21 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Mosaic’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.13. Mosaic posted earnings per share of $0.08 during the same quarter last year, which would indicate a positive year over year growth rate of 162.5%. The firm is scheduled to announce its next quarterly earnings report on Monday, November 2nd.

On average, analysts expect that Mosaic will report full-year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.20 to $0.50. For the next fiscal year, analysts expect that the firm will report earnings of $0.98 per share, with EPS estimates ranging from $0.60 to $1.64. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Mosaic.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, August 3rd. The basic materials company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. Mosaic had a negative return on equity of 0.64% and a negative net margin of 12.92%. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the business earned $0.12 EPS. The business’s revenue was down 6.1% on a year-over-year basis.

MOS has been the subject of several research analyst reports. UBS Group raised their target price on Mosaic from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Goldman Sachs Group raised their target price on Mosaic from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Berenberg Bank reaffirmed a “hold” rating and set a $16.00 target price on shares of Mosaic in a research report on Tuesday, August 11th. BofA Securities raised Mosaic from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $15.00 in a report on Monday, June 29th. Finally, Citigroup raised Mosaic from a “neutral” rating to a “buy” rating and lifted their target price for the company from $13.00 to $16.00 in a report on Wednesday, July 15th. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $16.74.

Shares of Mosaic stock traded up $0.05 during trading hours on Friday, hitting $18.53. 3,852,691 shares of the company’s stock traded hands, compared to its average volume of 4,371,859. Mosaic has a 12-month low of $6.50 and a 12-month high of $23.18. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of -6.26, a PEG ratio of 8.59 and a beta of 1.93. The company has a fifty day simple moving average of $16.21 and a 200-day simple moving average of $13.53. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.30 and a quick ratio of 0.68.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, September 2nd. Mosaic’s payout ratio is currently 105.26%.

Several large investors have recently made changes to their positions in MOS. Donald Smith & CO. Inc. lifted its holdings in shares of Mosaic by 212.5% during the first quarter. Donald Smith & CO. Inc. now owns 5,329,551 shares of the basic materials company’s stock valued at $57,666,000 after purchasing an additional 3,624,327 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Mosaic by 40.9% during the first quarter. Bank of New York Mellon Corp now owns 8,941,661 shares of the basic materials company’s stock valued at $96,749,000 after purchasing an additional 2,597,026 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Mosaic by 161.0% during the second quarter. Nordea Investment Management AB now owns 4,177,624 shares of the basic materials company’s stock valued at $52,136,000 after purchasing an additional 2,576,807 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Mosaic by 160.3% during the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,789,349 shares of the basic materials company’s stock valued at $41,001,000 after purchasing an additional 2,333,749 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Mosaic by 4.5% during the second quarter. Vanguard Group Inc. now owns 41,043,639 shares of the basic materials company’s stock valued at $513,455,000 after purchasing an additional 1,771,913 shares in the last quarter. 71.57% of the stock is currently owned by hedge funds and other institutional investors.

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 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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