Mosaic (MOS) to Release Earnings on Wednesday

Mosaic (NYSE:MOS) will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the company earned $1.74 EPS. Mosaic’s quarterly revenue was down 29.7% on a year-over-year basis. On average, analysts expect Mosaic to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Mosaic Stock Performance

NYSE MOS opened at $30.41 on Wednesday. Mosaic has a 52-week low of $29.25 and a 52-week high of $44.44. The company has a fifty day moving average of $31.51 and a 200-day moving average of $33.38. The company has a market capitalization of $9.78 billion, a P/E ratio of 8.71, a P/E/G ratio of 1.58 and a beta of 1.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a yield of 2.76%. Mosaic’s payout ratio is 24.07%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MOS. The Goldman Sachs Group decreased their price objective on Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Mizuho downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $42.00 to $34.00 in a research note on Wednesday, January 24th. Scotiabank raised shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price objective for the company in a research note on Thursday, February 22nd. Piper Sandler cut shares of Mosaic from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $42.00 to $32.00 in a research report on Thursday, February 29th. Finally, Wells Fargo & Company upped their price target on shares of Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and an average price target of $40.27.

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 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.