Q3 2024 EPS Estimates for The Mosaic Company Cut by Zacks Research (NYSE:MOS)

The Mosaic Company (NYSE:MOS) – Investment analysts at Zacks Research decreased their Q3 2024 earnings per share (EPS) estimates for Mosaic in a research report issued on Monday, September 30th. Zacks Research analyst M. Agrawal now anticipates that the basic materials company will post earnings per share of $0.55 for the quarter, down from their prior forecast of $0.59. The consensus estimate for Mosaic’s current full-year earnings is $2.26 per share. Zacks Research also issued estimates for Mosaic’s Q4 2024 earnings at $0.50 EPS, FY2024 earnings at $2.24 EPS, Q3 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.27 EPS, Q3 2026 earnings at $0.60 EPS and FY2026 earnings at $2.07 EPS.

Other research analysts have also issued reports about the stock. Barclays cut their price objective on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. Piper Sandler dropped their price target on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Monday, August 12th. UBS Group dropped their target price on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company reduced their price target on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four 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 a consensus price target of $34.73.

Mosaic Stock Down 1.1 %

MOS stock opened at $26.79 on Wednesday. Mosaic has a one year low of $24.11 and a one year high of $38.30. The company has a 50 day moving average price of $27.21 and a two-hundred day moving average price of $28.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.16. The stock has a market capitalization of $8.62 billion, a P/E ratio of 11.40, a PEG ratio of 1.60 and a beta of 1.36.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.12). The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.90 billion. Mosaic had a return on equity of 6.92% and a net margin of 2.01%. Mosaic’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.04 earnings per share.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.14%. Mosaic’s payout ratio is currently 35.74%.

Insider Activity

In related news, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic stock in a transaction on Monday, August 12th. The shares were sold at an average price of $27.32, for a total transaction of $346,035.12. Following the sale, the director now owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $27.32, for a total value of $346,035.12. Following the completion of the transaction, the director now owns 34,359 shares of the company’s stock, valued at $938,687.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Walter F. Precourt III sold 39,748 shares of Mosaic stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total value of $1,111,354.08. Following the sale, the senior vice president now owns 136,682 shares in the company, valued at $3,821,628.72. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Institutional Trading of Mosaic

Institutional investors have recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC bought a new stake in shares of Mosaic in the 1st quarter worth about $1,776,000. Wellington Management Group LLP increased its holdings in Mosaic by 1,007.5% in the fourth quarter. Wellington Management Group LLP now owns 241,245 shares of the basic materials company’s stock valued at $8,620,000 after buying an additional 219,463 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in Mosaic during the second quarter valued at approximately $3,610,000. Duality Advisers LP lifted its holdings in Mosaic by 523.0% during the 1st quarter. Duality Advisers LP now owns 216,388 shares of the basic materials company’s stock worth $7,024,000 after buying an additional 181,654 shares during the last quarter. Finally, Alberta Investment Management Corp grew its position in shares of Mosaic by 263.7% in the 4th quarter. Alberta Investment Management Corp now owns 22,550 shares of the basic materials company’s stock worth $806,000 after acquiring an additional 16,350 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

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.