Q4 Earnings Estimate for Mosaic Issued By Scotiabank

The Mosaic Company (NYSE:MOS) – Research analysts at Scotiabank issued their Q4 2024 earnings estimates for shares of Mosaic in a research report issued on Wednesday, January 29th. Scotiabank analyst B. Isaacson anticipates that the basic materials company will post earnings of $0.57 per share for the quarter. The consensus estimate for Mosaic’s current full-year earnings is $2.04 per share.

A number of other equities research analysts also recently weighed in on MOS. Barclays downgraded shares of Mosaic from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $30.00 to $27.00 in a research report on Tuesday, January 21st. CIBC assumed coverage on shares of Mosaic in a report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target for the company. Mizuho increased their price objective on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research note on Thursday, November 14th. Finally, Oppenheimer began coverage on shares of Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.09.

Mosaic Stock Performance

MOS stock opened at $27.89 on Thursday. The firm has a market cap of $8.86 billion, a P/E ratio of 24.68, a P/E/G ratio of 1.53 and a beta of 1.34. The stock’s 50 day simple moving average is $26.03 and its 200 day simple moving average is $26.74. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. Mosaic has a 12-month low of $23.56 and a 12-month high of $33.44.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company’s quarterly revenue was down 20.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Mosaic by 2.2% during the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock worth $228,018,000 after buying an additional 178,844 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Mosaic by 40.6% in the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after purchasing an additional 947,500 shares during the period. Charles Schwab Investment Management Inc. grew its position in Mosaic by 44.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after purchasing an additional 986,812 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in Mosaic by 13.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock worth $78,717,000 after purchasing an additional 359,760 shares in the last quarter. Finally, Donald Smith & CO. Inc. raised its stake in Mosaic by 32.1% during the 3rd quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock valued at $73,687,000 after purchasing an additional 668,347 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.22 per share. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

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.