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

Mosaic (NYSE:MOS) posted its 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 business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Mosaic’s quarterly revenue was down 20.8% compared to the same quarter last year.

Mosaic Stock Up 0.8 %

Shares of Mosaic stock traded up $0.20 during midday trading on Thursday, hitting $26.32. The company had a trading volume of 3,365,531 shares, compared to its average volume of 4,354,862. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.19. The stock has a market capitalization of $8.39 billion, a P/E ratio of 23.29, a P/E/G ratio of 1.62 and a beta of 1.35. The company has a 50 day moving average of $26.37 and a 200 day moving average of $27.96. Mosaic has a 52-week low of $24.11 and a 52-week high of $38.30.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued 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 dividend yield of 3.19%. Mosaic’s dividend payout ratio (DPR) is 74.34%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays reduced their target price on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company reduced their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. Mizuho boosted their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus 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.