Mosaic (MOS) Projected to Post Quarterly Earnings on Wednesday

Mosaic (NYSE:MOS) is expected to release its earnings data before the market opens on Wednesday, February 19th. Analysts expect Mosaic to post earnings of $0.53 per share and revenue of $2.92 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm’s revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. On average, analysts expect Mosaic to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Mosaic Stock Performance

Shares of MOS stock opened at $26.94 on Wednesday. The stock has a 50 day simple moving average of $26.17 and a 200-day simple moving average of $26.61. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. 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 Increases Dividend

The business also recently declared 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 represents a $0.88 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is currently 74.34%.

Analyst Upgrades and Downgrades

MOS has been the subject of several research reports. Piper Sandler lifted their price objective on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Mizuho boosted their target price on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Barclays downgraded Mosaic from an “overweight” rating to an “underweight” rating and cut their price target for the company from $30.00 to $27.00 in a report on Tuesday, January 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research report on Thursday, November 14th. Finally, Oppenheimer began coverage on 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 issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $33.80.

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.