Mosaic Co (MOS) Expected to Post Earnings of $0.39 Per Share

Wall Street analysts expect Mosaic Co (NYSE:MOS) to report earnings per share of $0.39 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Mosaic’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.38. Mosaic reported earnings of $0.29 per share in the same quarter last year, which indicates a positive year over year growth rate of 34.5%. The business is scheduled to issue its next earnings results after the market closes on Monday, August 6th.

On average, analysts expect that Mosaic will report full year earnings of $1.54 per share for the current year, with EPS estimates ranging from $1.49 to $1.59. For the next financial year, analysts anticipate that the business will report earnings of $2.05 per share, with EPS estimates ranging from $1.73 to $2.72. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Mosaic.

Mosaic (NYSE:MOS) last issued its earnings results on Monday, May 7th. The basic materials company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.08). Mosaic had a negative net margin of 0.82% and a positive return on equity of 4.44%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the firm posted $0.04 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis.

Several brokerages have weighed in on MOS. BMO Capital Markets boosted their price objective on Mosaic from $26.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, May 9th. Zacks Investment Research lowered Mosaic from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 1st. Citigroup reduced their price objective on Mosaic from $31.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 10th. Bank of America raised Mosaic from an “underperform” rating to a “buy” rating and raised their price objective for the company from $24.00 to $35.00 in a research note on Tuesday, July 24th. Finally, Cowen raised their price objective on Mosaic from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, May 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $28.98.

A number of institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its holdings in Mosaic by 613.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 88,971 shares of the basic materials company’s stock worth $2,283,000 after purchasing an additional 76,494 shares during the period. S&CO Inc. raised its holdings in shares of Mosaic by 0.3% in the 1st quarter. S&CO Inc. now owns 1,141,169 shares of the basic materials company’s stock valued at $27,708,000 after purchasing an additional 3,245 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Mosaic in the 1st quarter valued at $5,151,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Mosaic in the 1st quarter valued at $33,992,000. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in shares of Mosaic in the 1st quarter valued at $6,072,000. Hedge funds and other institutional investors own 72.23% of the company’s stock.

NYSE:MOS traded up $0.36 on Friday, hitting $30.45. 5,979,336 shares of the stock were exchanged, compared to its average volume of 3,499,951. The stock has a market capitalization of $11.60 billion, a P/E ratio of 27.94, a P/E/G ratio of 2.79 and a beta of 1.48. Mosaic has a 52 week low of $19.23 and a 52 week high of $30.75. The company has a current ratio of 1.73, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45.

About Mosaic

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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