Mosaic (NYSE:MOS) Issues Quarterly Earnings Results

Mosaic (NYSE:MOS - Get Free Report) issued its earnings results on Tuesday. The basic materials company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.24), Briefing.com reports. 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 business's revenue for the quarter was down 20.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS.

Mosaic Stock Performance

MOS stock traded up $0.26 on Wednesday, reaching $26.12. 5,095,869 shares of the company were exchanged, compared to its average volume of 4,359,350. The firm has a market capitalization of $8.32 billion, a PE ratio of 23.12, a PEG ratio of 1.62 and a beta of 1.35. Mosaic has a 12 month low of $24.11 and a 12 month high of $38.30. The stock's fifty day moving average price is $26.37 and its 200 day moving average price is $27.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.54.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.22%. Mosaic's dividend payout ratio is 74.34%.

Analyst Ratings Changes

MOS has been the topic of several analyst reports. Mizuho increased their price target on shares of Mosaic from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday. Wells Fargo & Company cut their target price on Mosaic from $29.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 24th. Barclays lowered their price objective on Mosaic from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $30.00 target price on shares of Mosaic in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Mosaic presently has an average rating of "Hold" and a consensus target price of $33.22.

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.