Research Analysts Set Expectations for Mosaic Q4 Earnings

The Mosaic Company (NYSE:MOS) – Equities research analysts at Scotiabank issued their Q4 2024 EPS estimates for Mosaic in a research report issued to clients and investors on Wednesday, January 29th. Scotiabank analyst B. Isaacson expects that the basic materials company will earn $0.57 per share for the quarter. The consensus estimate for Mosaic’s current full-year earnings is $2.04 per share.

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 the consensus estimate of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The company’s revenue for the quarter was down 20.8% on a year-over-year basis.

Several other equities research analysts have also commented on MOS. CIBC began coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price on the stock. Morgan Stanley decreased their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Oppenheimer started coverage on Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating for the company. Mizuho raised their target price on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, November 14th. One 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’s stock. According to data from MarketBeat, Mosaic presently has an average rating of “Hold” and an average price target of $35.09.

Mosaic Stock Down 2.4 %

MOS opened at $27.89 on Thursday. The business has a 50 day simple moving average of $26.03 and a 200-day simple moving average of $26.74. The stock has a market capitalization of $8.86 billion, a P/E ratio of 24.68, a P/E/G ratio of 1.53 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. Mosaic has a 12 month low of $23.56 and a 12 month high of $33.44.

Institutional Investors Weigh In On Mosaic

A number of institutional investors have recently added to or reduced their stakes in MOS. Geode Capital Management LLC raised its stake in shares of Mosaic by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock valued at $228,018,000 after acquiring an additional 178,844 shares during the period. Two Sigma Advisers LP raised its holdings in shares of Mosaic by 40.6% during 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 buying an additional 947,500 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in 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 acquiring an additional 986,812 shares during the period. Thompson Siegel & Walmsley LLC grew its position 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 acquiring an additional 359,760 shares in the last quarter. Finally, Donald Smith & CO. Inc. raised its stake in shares of Mosaic by 32.1% during the third quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock valued at $73,687,000 after purchasing an additional 668,347 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.16%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

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.