$2.85 Billion in Sales Expected for Mosaic Co (MOS) This Quarter

Brokerages expect Mosaic Co (NYSE:MOS) to announce sales of $2.85 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Mosaic’s earnings, with the highest sales estimate coming in at $2.88 billion and the lowest estimate coming in at $2.82 billion. Mosaic reported sales of $1.98 billion during the same quarter last year, which indicates a positive year over year growth rate of 43.9%. The business is scheduled to announce its next quarterly earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that Mosaic will report full-year sales of $9.61 billion for the current financial year, with estimates ranging from $9.36 billion to $9.85 billion. For the next financial year, analysts expect that the firm will report sales of $9.93 billion per share, with estimates ranging from $9.73 billion to $10.14 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Mosaic.

Mosaic (NYSE:MOS) last announced its earnings results on Monday, August 6th. The basic materials company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Mosaic had a positive return on equity of 4.88% and a negative net margin of 1.14%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the business posted $0.29 earnings per share. Mosaic’s revenue was up 25.7% compared to the same quarter last year.

Several brokerages recently issued reports on MOS. Royal Bank of Canada increased their price objective on Mosaic from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, April 20th. Zacks Investment Research downgraded Mosaic from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 1st. Credit Suisse Group increased their price objective on Mosaic from $20.00 to $22.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 9th. BMO Capital Markets increased their price objective on Mosaic from $26.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 9th. Finally, Stifel Nicolaus increased their price objective on Mosaic from $28.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, May 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. Mosaic has an average rating of “Hold” and a consensus price target of $30.32.

Hedge funds and other institutional investors have recently modified their holdings of the company. Scopus Asset Management L.P. increased its position in Mosaic by 183.3% during the first quarter. Scopus Asset Management L.P. now owns 425,000 shares of the basic materials company’s stock worth $10,319,000 after buying an additional 275,000 shares during the last quarter. Roundview Capital LLC acquired a new position in Mosaic during the first quarter worth approximately $429,000. Verition Fund Management LLC increased its position in Mosaic by 11.6% during the first quarter. Verition Fund Management LLC now owns 238,783 shares of the basic materials company’s stock worth $5,798,000 after buying an additional 24,828 shares during the last quarter. South State Corp acquired a new position in Mosaic during the first quarter worth approximately $1,105,000. Finally, Clinton Group Inc. acquired a new position in shares of Mosaic in the first quarter valued at approximately $1,122,000. 72.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mosaic traded down $0.57, hitting $31.49, during mid-day trading on Tuesday, according to MarketBeat.com. 4,070,649 shares of the company traded hands, compared to its average volume of 4,366,825. Mosaic has a 1 year low of $19.23 and a 1 year high of $32.32. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 2.86 and a beta of 1.48. The company has a quick ratio of 0.80, a current ratio of 1.61 and a debt-to-equity ratio of 0.45.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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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