Mosaic (MOS) Projected to Post Earnings on Wednesday

Mosaic (NYSE:MOS - Get Free Report) is expected to be releasing 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. Persons interested in registering for the company's earnings conference call can do so using this link.

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

Mosaic Price Performance

Shares of NYSE MOS traded up $0.11 during mid-day trading on Friday, reaching $26.54. 3,089,443 shares of the company were exchanged, compared to its average volume of 4,619,557. Mosaic has a 52 week low of $23.56 and a 52 week high of $33.44. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $8.43 billion, a PE ratio of 23.48, a PEG ratio of 1.42 and a beta of 1.34. The company's 50 day moving average price is $26.18 and its 200 day moving average price is $26.55.

Mosaic Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This is an increase from Mosaic's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Thursday, March 6th. Mosaic's payout ratio is currently 74.34%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MOS shares. CIBC started coverage on shares of Mosaic in a report on Tuesday, December 10th. They set a "neutral" rating and a $55.00 price objective for the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $30.00 target price on shares of Mosaic in a research report on Thursday, November 14th. Barclays cut shares of Mosaic from an "overweight" rating to an "underweight" rating and decreased their target price for the stock from $30.00 to $27.00 in a research report on Tuesday, January 21st. Oppenheimer started coverage on shares of Mosaic in a research report on Thursday, December 12th. They issued a "market perform" rating on the stock. Finally, Piper Sandler lifted their target price on shares of Mosaic from $30.00 to $33.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Mosaic has a consensus rating of "Hold" and a consensus price target of $33.80.

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.