Analysts Set Expectations for The Mosaic Company’s Q2 2024 Earnings (NYSE:MOS)

The Mosaic Company (NYSE:MOS) – Analysts at Scotiabank issued their Q2 2024 EPS estimates for Mosaic in a research report issued on Monday, May 6th. Scotiabank analyst B. Isaacson forecasts that the basic materials company will earn $0.72 per share for the quarter. Scotiabank has a “Sector Outperform” rating and a $38.00 price objective on the stock. The consensus estimate for Mosaic’s current full-year earnings is $2.78 per share.

Other research analysts have also recently issued research reports about the stock. TheStreet cut shares of Mosaic from a “b-” rating to a “c+” rating in a report on Tuesday, February 6th. The Goldman Sachs Group lowered their price target on Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Mizuho dropped their price target on Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Piper Sandler lowered their target price on shares of Mosaic from $32.00 to $29.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Wolfe Research assumed coverage on shares of Mosaic in a research report on Friday, March 1st. They set an “outperform” rating and a $39.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $38.57.

Mosaic Price Performance

Shares of NYSE:MOS opened at $29.89 on Tuesday. The company has a 50 day moving average of $31.33 and a 200 day moving average of $32.93. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.26. The stock has a market cap of $9.62 billion, a P/E ratio of 12.72 and a beta of 1.51. Mosaic has a 12 month low of $27.83 and a 12 month high of $42.81.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter last year, the firm posted $1.14 earnings per share. Mosaic’s revenue for the quarter was down 25.7% compared to the same quarter last year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.21 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.81%. Mosaic’s payout ratio is currently 35.74%.

Hedge Funds Weigh In On Mosaic

Large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its holdings in shares of Mosaic by 29.9% during the third quarter. Commonwealth Equity Services LLC now owns 94,382 shares of the basic materials company’s stock valued at $3,360,000 after purchasing an additional 21,706 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Mosaic by 91.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 62,092 shares of the basic materials company’s stock worth $2,210,000 after purchasing an additional 29,644 shares during the last quarter. IFM Investors Pty Ltd grew its position in Mosaic by 1.2% in the 3rd quarter. IFM Investors Pty Ltd now owns 65,915 shares of the basic materials company’s stock worth $2,347,000 after purchasing an additional 765 shares during the period. TD Asset Management Inc raised its stake in Mosaic by 41.7% during the 3rd quarter. TD Asset Management Inc now owns 319,439 shares of the basic materials company’s stock valued at $11,372,000 after buying an additional 94,063 shares during the last quarter. Finally, ING Groep NV lifted its holdings in shares of Mosaic by 63.7% during the 3rd quarter. ING Groep NV now owns 357,265 shares of the basic materials company’s stock valued at $12,719,000 after buying an additional 139,045 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

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.