Brokers Offer Predictions for The Mosaic Company’s Q2 2024 Earnings (NYSE:MOS)

The Mosaic Company (NYSE:MOS) – Equities researchers at Zacks Research lowered their Q2 2024 earnings per share (EPS) estimates for Mosaic in a research report issued on Thursday, May 23rd. Zacks Research analyst M. Agrawal now anticipates that the basic materials company will post earnings per share of $0.66 for the quarter, down from their prior forecast of $0.73. The consensus estimate for Mosaic’s current full-year earnings is $2.67 per share. Zacks Research also issued estimates for Mosaic’s Q3 2024 earnings at $0.65 EPS, Q2 2025 earnings at $0.88 EPS, Q3 2025 earnings at $0.40 EPS, FY2025 earnings at $2.16 EPS, Q1 2026 earnings at $0.71 EPS and FY2026 earnings at $2.52 EPS.

A number of other analysts have also recently commented on the company. Royal Bank of Canada dropped their price objective on Mosaic from $35.00 to $32.00 and set a “sector perform” rating for the company in a research report on Monday, May 6th. Piper Sandler reduced their price objective on shares of Mosaic from $32.00 to $29.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 7th. TheStreet cut shares of Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th. The Goldman Sachs Group reduced their price target on Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Finally, Wells Fargo & Company upped their target price on Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $38.36.

Mosaic Stock Performance

Mosaic stock opened at $30.98 on Friday. Mosaic has a fifty-two week low of $27.83 and a fifty-two week high of $42.81. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 1.70 and a beta of 1.51. The stock has a fifty day moving average of $31.06 and a two-hundred day moving average of $32.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) 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 business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period last year, the company earned $1.14 EPS. The firm’s revenue for the quarter was down 25.7% on a year-over-year basis.

Institutional Investors Weigh In On Mosaic

Several hedge funds have recently modified their holdings of MOS. Vanguard Group Inc. boosted its stake in shares of Mosaic by 5.1% in the first quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after purchasing an additional 1,893,797 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Mosaic by 1,815.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock valued at $346,743,000 after acquiring an additional 10,124,427 shares in the last quarter. Invesco Ltd. increased its position in shares of Mosaic by 3.2% during the third quarter. Invesco Ltd. now owns 8,792,687 shares of the basic materials company’s stock worth $313,020,000 after acquiring an additional 268,966 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Mosaic by 7.5% in the third quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company’s stock worth $217,429,000 after acquiring an additional 424,063 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Mosaic by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,969,039 shares of the basic materials company’s stock valued at $141,829,000 after purchasing an additional 189,706 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.71%. Mosaic’s dividend payout ratio (DPR) is currently 35.74%.

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.