Zacks Research Analysts Decrease Earnings Estimates for The Mosaic Company (NYSE:MOS)

The Mosaic Company (NYSE:MOS) – Investment analysts at Zacks Research reduced their Q1 2024 earnings per share (EPS) estimates for shares of Mosaic in a note issued to investors on Tuesday, April 23rd. Zacks Research analyst M. Agrawal now expects that the basic materials company will post earnings of $0.58 per share for the quarter, down from their previous forecast of $0.63. The consensus estimate for Mosaic’s current full-year earnings is $2.81 per share. Zacks Research also issued estimates for Mosaic’s Q2 2024 earnings at $0.79 EPS, Q3 2024 earnings at $0.69 EPS, FY2024 earnings at $2.63 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.96 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $2.45 EPS, Q1 2026 earnings at $0.79 EPS and FY2026 earnings at $2.79 EPS.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.11). The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.09 billion. Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The company’s revenue was down 29.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.74 earnings per share.

Several other research firms have also recently issued reports on MOS. Mizuho cut Mosaic from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $42.00 to $34.00 in a research report on Wednesday, January 24th. Scotiabank raised Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price objective for the company in a research report on Thursday, February 22nd. The Goldman Sachs Group reduced their target price on Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Wolfe Research initiated coverage on Mosaic in a report on Friday, March 1st. They issued an “outperform” rating and a $39.00 target price for the company. Finally, Piper Sandler downgraded Mosaic from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $42.00 to $32.00 in a report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Mosaic currently has a consensus rating of “Hold” and an average price target of $40.27.

Mosaic Trading Down 1.1 %

NYSE:MOS opened at $30.41 on Wednesday. The stock has a 50-day simple moving average of $31.51 and a 200-day simple moving average of $33.38. The stock has a market cap of $9.78 billion, a P/E ratio of 8.71, a P/E/G ratio of 1.56 and a beta of 1.50. Mosaic has a 1 year low of $29.25 and a 1 year high of $44.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22.

Institutional Trading of Mosaic

Several institutional investors and hedge funds have recently added to or reduced their stakes in MOS. Denali Advisors LLC increased its position in Mosaic by 100.5% during the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 414 shares during the period. Mather Group LLC. acquired a new position in Mosaic during the 1st quarter worth approximately $40,000. Janiczek Wealth Management LLC increased its position in Mosaic by 28.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 318 shares during the period. Exchange Traded Concepts LLC increased its position in Mosaic by 526.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 1,289 shares during the period. Finally, NBC Securities Inc. acquired a new position in Mosaic during the 3rd quarter worth approximately $57,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, June 6th. Mosaic’s dividend payout ratio is presently 24.07%.

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.