Mosaic (NYSE:MOS) Posts Quarterly Earnings Results, Misses Expectations By $0.24 EPS

Mosaic (NYSE:MOS) issued its earnings results on Tuesday. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24), Briefing.com reports. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The company’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS.

Mosaic Price Performance

Shares of NYSE MOS traded up $0.09 during mid-day trading on Wednesday, reaching $25.95. The company’s stock had a trading volume of 192,267 shares, compared to its average volume of 4,337,061. The stock has a market capitalization of $8.27 billion, a P/E ratio of 34.93, a P/E/G ratio of 1.76 and a beta of 1.35. Mosaic has a 1-year low of $24.11 and a 1-year high of $38.30. The stock has a 50-day moving average of $26.40 and a two-hundred day moving average of $27.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.16.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 annualized dividend and a yield of 3.24%. Mosaic’s dividend payout ratio (DPR) is presently 113.51%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MOS shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Monday, August 12th. Barclays lowered their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Wells Fargo & Company cut their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. Finally, Mizuho increased their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.22.

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.