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

Mosaic (NYSE:MOS) announced 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. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 EPS.

Mosaic Stock Up 0.8 %

Shares of MOS stock opened at $26.32 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.19. Mosaic has a fifty-two week low of $24.11 and a fifty-two week high of $38.30. The firm has a market capitalization of $8.39 billion, a PE ratio of 23.29, a P/E/G ratio of 1.65 and a beta of 1.35. The stock’s 50-day simple moving average is $26.37 and its 200-day simple moving average is $27.96.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.19%. Mosaic’s dividend payout ratio is currently 74.34%.

Wall Street Analyst Weigh In

MOS has been the subject of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday. Wells Fargo & Company cut their price objective on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. Mizuho upped their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Barclays decreased their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $33.22.

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.