The Mosaic Company Expected to Earn Q1 2024 Earnings of $0.78 Per Share (NYSE:MOS)

The Mosaic Company (NYSE:MOSFree Report) – Analysts at Scotiabank issued their Q1 2024 EPS estimates for Mosaic in a report released on Tuesday, February 27th. Scotiabank analyst B. Isaacson expects that the basic materials company will post earnings of $0.78 per share for the quarter. Scotiabank has a “Sector Outperform” rating and a $40.00 price objective on the stock. The consensus estimate for Mosaic’s current full-year earnings is $3.08 per share. Scotiabank also issued estimates for Mosaic’s FY2024 earnings at $3.18 EPS.

Mosaic (NYSE:MOSGet Free Report) last posted its quarterly earnings results 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 during 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 quarterly revenue was down 29.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 EPS.

Other research analysts have also issued research reports about the stock. Barclays upgraded shares of Mosaic from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $42.00 in a research report on Tuesday, November 14th. Mizuho downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and cut their target price for the company from $42.00 to $34.00 in a research note on Wednesday, January 24th. TheStreet downgraded shares of Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th. Piper Sandler downgraded shares of Mosaic from a “neutral” rating to an “underweight” rating and cut their target price for the company from $42.00 to $32.00 in a research note on Thursday. Finally, The Goldman Sachs Group cut their target price on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Mosaic presently has an average rating of “Hold” and a consensus price target of $40.63.

Get Our Latest Analysis on MOS

Mosaic Trading Up 1.6 %

Mosaic stock opened at $31.65 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50. Mosaic has a 1 year low of $29.25 and a 1 year high of $57.46. The firm’s 50 day moving average price is $32.42 and its two-hundred day moving average price is $34.93.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Mosaic by 5.4% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,325 shares of the basic materials company’s stock worth $204,000 after buying an additional 221 shares in the last quarter. Meixler Investment Management Ltd. grew its stake in shares of Mosaic by 2.5% during the fourth quarter. Meixler Investment Management Ltd. now owns 9,643 shares of the basic materials company’s stock valued at $423,000 after purchasing an additional 238 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of Mosaic by 2.7% during the second quarter. Kestra Advisory Services LLC now owns 9,841 shares of the basic materials company’s stock valued at $344,000 after purchasing an additional 260 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Mosaic by 0.5% during the fourth quarter. Advisors Asset Management Inc. now owns 56,759 shares of the basic materials company’s stock valued at $2,490,000 after purchasing an additional 295 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC grew its stake in shares of Mosaic by 9.4% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 3,485 shares of the basic materials company’s stock valued at $153,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 84.05% of the company’s stock.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, March 7th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, March 6th. This is a positive change from Mosaic’s previous quarterly dividend of $0.20. Mosaic’s dividend payout ratio is 24.07%.

About Mosaic

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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.

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Earnings History and Estimates for Mosaic (NYSE:MOS)

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