FY2024 Earnings Estimate for Mosaic Issued By Zacks Research

The Mosaic Company (NYSE:MOS) – Equities researchers at Zacks Research dropped their FY2024 earnings per share estimates for Mosaic in a research note issued on Monday, January 20th. Zacks Research analyst R. Department now forecasts that the basic materials company will post earnings per share of $2.02 for the year, down from their previous estimate of $2.03. The consensus estimate for Mosaic’s current full-year earnings is $2.06 per share. Zacks Research also issued estimates for Mosaic’s Q4 2024 earnings at $0.49 EPS, Q1 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.44 EPS, Q2 2026 earnings at $0.33 EPS, Q4 2026 earnings at $0.57 EPS and FY2026 earnings at $1.50 EPS.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The company 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%. Mosaic’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS.

MOS has been the topic of several other research reports. Oppenheimer began coverage on Mosaic in a research report on Thursday, December 12th. They issued a “market perform” rating on the stock. Piper Sandler upgraded Mosaic from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $26.00 to $30.00 in a research note on Monday, January 13th. Mizuho lifted their price objective on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. Finally, Barclays lowered Mosaic from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $30.00 to $27.00 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Mosaic currently has an average rating of “Hold” and an average price target of $34.82.

Mosaic Stock Down 0.1 %

MOS stock opened at $27.12 on Tuesday. The company’s 50 day moving average is $25.63 and its two-hundred day moving average is $26.69. Mosaic has a twelve month low of $23.56 and a twelve month high of $33.44. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The stock has a market cap of $8.61 billion, a P/E ratio of 24.00, a PEG ratio of 1.44 and a beta of 1.34.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.25%. Mosaic’s payout ratio is 74.34%.

Hedge Funds Weigh In On Mosaic

A number of large investors have recently bought and sold shares of MOS. Charles Schwab Investment Management Inc. raised its position in shares of Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after buying an additional 986,812 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Mosaic by 40.6% in the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock valued at $87,817,000 after purchasing an additional 947,500 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of Mosaic by 32.1% during the 3rd quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock worth $73,687,000 after purchasing an additional 668,347 shares during the period. AQR Capital Management LLC increased its position in Mosaic by 15.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company’s stock worth $95,691,000 after purchasing an additional 435,598 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its holdings in Mosaic by 13.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock valued at $78,717,000 after buying an additional 359,760 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

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.