Zacks Research Predicts Mosaic's FY2024 Earnings (NYSE:MOS)

The Mosaic Company (NYSE:MOS - Free Report) - Equities research analysts at Zacks Research reduced their FY2024 EPS estimates for Mosaic in a research note issued to investors on Monday, January 20th. Zacks Research analyst R. Department now forecasts that the basic materials company will post earnings of $2.02 per share for the year, down from their prior 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.

Other analysts have also recently issued research reports about the stock. Piper Sandler raised shares of Mosaic from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $26.00 to $30.00 in a research report on Monday, January 13th. Barclays cut shares of Mosaic from an "overweight" rating to an "underweight" rating and decreased their price target for the company from $30.00 to $27.00 in a research report on Tuesday. Morgan Stanley reduced their price objective on Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company lowered their target price on Mosaic from $29.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 24th. Finally, Mizuho increased their price target on Mosaic from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. 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 stock. According to MarketBeat, Mosaic has a consensus rating of "Hold" and an average target price of $34.82.

Mosaic Trading Down 0.1 %

Mosaic stock traded down $0.03 during trading on Tuesday, hitting $27.12. The company had a trading volume of 4,686,342 shares, compared to its average volume of 4,920,253. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 1.44 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 1-year low of $23.56 and a 1-year high of $33.44. The company's 50 day simple moving average is $25.63 and its 200-day simple moving average is $26.69.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm's revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 earnings per share.

Mosaic Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.25%. 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%.

Institutional Investors Weigh In On Mosaic

Several large investors have recently modified their holdings of MOS. Brooklyn Investment Group raised its stake in shares of Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after purchasing an additional 587 shares during the last quarter. Kimelman & Baird LLC purchased a new position in Mosaic during the 2nd quarter worth $49,000. Blue Trust Inc. lifted its stake in shares of Mosaic by 46.4% in the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company's stock worth $52,000 after acquiring an additional 570 shares during the period. Larson Financial Group LLC lifted its stake in shares of Mosaic by 180,900.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company's stock worth $48,000 after acquiring an additional 1,809 shares during the period. Finally, CVA Family Office LLC boosted its holdings in shares of Mosaic by 23.2% in the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company's stock valued at $55,000 after acquiring an additional 384 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

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.