Scotiabank Forecasts Mosaic’s Q4 Earnings (NYSE:MOS)

The Mosaic Company (NYSE:MOSFree Report) – Research analysts at Scotiabank issued their Q4 2024 earnings per share (EPS) estimates for Mosaic in a report issued on Wednesday, January 29th. Scotiabank analyst B. Isaacson anticipates that the basic materials company will post earnings per share of $0.57 for the quarter. The consensus estimate for Mosaic’s current full-year earnings is $2.05 per share.

Several other research analysts have also recently commented on MOS. Piper Sandler boosted their target price on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday. Morgan Stanley cut their target price on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Mizuho lifted their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. CIBC initiated coverage on shares of Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective on the stock. Finally, Oppenheimer began coverage on shares of Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.09.

Read Our Latest Research Report on MOS

Mosaic Stock Performance

NYSE:MOS opened at $28.59 on Thursday. The company has a market cap of $9.08 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 1.49 and a beta of 1.34. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. Mosaic has a 52 week low of $23.56 and a 52 week high of $33.44. The company has a fifty day simple moving average of $26.00 and a two-hundred day simple moving average of $26.75.

Mosaic (NYSE:MOSGet Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS.

Mosaic Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a $0.22 dividend. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s payout ratio is presently 74.34%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MOS. Hourglass Capital LLC acquired a new stake in shares of Mosaic in the fourth quarter valued at approximately $1,035,000. Asset Management One Co. Ltd. raised its position in Mosaic by 1.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 122,893 shares of the basic materials company’s stock valued at $2,933,000 after purchasing an additional 1,489 shares during the last quarter. Tobam acquired a new stake in Mosaic during the 4th quarter worth $38,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Mosaic by 1.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company’s stock worth $799,000 after purchasing an additional 570 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Mosaic by 12.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,689 shares of the basic materials company’s stock valued at $1,548,000 after purchasing an additional 7,282 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

(Get Free Report)

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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