Mosaic (NYSE:MOS) Issues Earnings Results, Misses Estimates By $0.24 EPS

Mosaic (NYSE:MOS) released its quarterly earnings results on Tuesday. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.24), Briefing.com reports. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the company posted $0.68 EPS. The firm’s revenue was down 20.8% on a year-over-year basis.

Mosaic Price Performance

NYSE:MOS traded down $0.21 during mid-day trading on Thursday, reaching $25.91. 445,866 shares of the company were exchanged, compared to its average volume of 4,341,643. The stock has a market cap of $8.26 billion, a PE ratio of 23.12, a PEG ratio of 1.62 and a beta of 1.35. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. Mosaic has a 12 month low of $24.11 and a 12 month high of $38.30. The company has a fifty day moving average of $26.37 and a 200 day moving average of $27.96.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.84 annualized dividend and a yield of 3.24%. Mosaic’s dividend payout ratio is 74.34%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Monday, August 12th. Wells Fargo & Company dropped their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. Mizuho boosted their target price on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Barclays cut their price target on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $33.22.

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.