Q1 2024 Earnings Estimate for The Mosaic Company (NYSE:MOS) Issued By Zacks Research

The Mosaic Company (NYSE:MOS) – Zacks Research reduced their Q1 2024 EPS estimates for Mosaic in a research report issued to clients and investors on Tuesday, April 23rd. Zacks Research analyst M. Agrawal now anticipates that the basic materials company will earn $0.58 per share for the quarter, down from their previous estimate of $0.63. The consensus estimate for Mosaic’s current full-year earnings is $2.81 per share. Zacks Research also issued estimates for Mosaic’s Q2 2024 earnings at $0.79 EPS, Q3 2024 earnings at $0.69 EPS, FY2024 earnings at $2.63 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.96 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $2.45 EPS, Q1 2026 earnings at $0.79 EPS and FY2026 earnings at $2.79 EPS.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.11). The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.09 billion. Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The company’s revenue for the quarter was down 29.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 earnings per share.

Several other equities analysts have also commented on the company. TheStreet lowered Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th. Piper Sandler lowered shares of Mosaic from a “neutral” rating to an “underweight” rating and cut their price target for the company from $42.00 to $32.00 in a report on Thursday, February 29th. The Goldman Sachs Group decreased their price objective on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Wells Fargo & Company raised their target price on shares of Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Finally, Scotiabank raised Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target on the stock in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.27.

Mosaic Price Performance

Mosaic stock opened at $30.49 on Wednesday. Mosaic has a 12-month low of $29.25 and a 12-month high of $43.99. The firm’s 50-day moving average is $31.52 and its two-hundred day moving average is $33.36. The stock has a market capitalization of $9.81 billion, a P/E ratio of 8.74, a P/E/G ratio of 1.56 and a beta of 1.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.22 and a quick ratio of 0.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Denali Advisors LLC increased its stake in shares of Mosaic by 100.5% in the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 414 shares during the period. Mather Group LLC. bought a new stake in Mosaic during the 1st quarter valued at $40,000. Janiczek Wealth Management LLC boosted its position in Mosaic by 28.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 318 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Mosaic by 526.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 1,289 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Mosaic during the third quarter valued at $57,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.76%. Mosaic’s dividend payout ratio (DPR) is presently 24.07%.

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.