Brokerages Expect Mosaic Co (MOS) Will Announce Quarterly Sales of $2.92 Billion

Wall Street brokerages expect that Mosaic Co (NYSE:MOS) will report $2.92 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Mosaic’s earnings, with estimates ranging from $2.82 billion to $3.02 billion. Mosaic posted sales of $1.98 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 47.5%. The firm is expected to issue its next quarterly earnings report after the market closes on Monday, November 5th.

According to Zacks, analysts expect that Mosaic will report full year sales of $9.55 billion for the current fiscal year, with estimates ranging from $9.36 billion to $9.72 billion. For the next fiscal year, analysts forecast that the business will report sales of $9.90 billion, with estimates ranging from $9.73 billion to $10.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Mosaic.

Mosaic (NYSE:MOS) last released its earnings results on Monday, August 6th. The basic materials company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.30 billion. Mosaic had a negative net margin of 1.14% and a positive return on equity of 4.88%. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS.

Several analysts have recently commented on MOS shares. BMO Capital Markets reaffirmed a “hold” rating and set a $30.00 price objective (up previously from $28.00) on shares of Mosaic in a research report on Tuesday, August 7th. Citigroup raised their price objective on shares of Mosaic from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 11th. UBS Group raised shares of Mosaic from a “neutral” rating to a “positive” rating in a research report on Wednesday, June 27th. Zacks Investment Research raised shares of Mosaic from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, July 24th. Finally, Susquehanna Bancshares raised shares of Mosaic from a “neutral” rating to a “positive” rating in a research report on Wednesday, June 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $33.42.

NYSE:MOS traded down $0.07 on Friday, reaching $33.06. 381,171 shares of the stock traded hands, compared to its average volume of 4,319,657. The company has a market capitalization of $12.52 billion, a PE ratio of 29.96, a P/E/G ratio of 2.73 and a beta of 1.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.61. Mosaic has a 1-year low of $20.75 and a 1-year high of $34.01.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Stockholders of record on Thursday, September 6th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Wednesday, September 5th. Mosaic’s dividend payout ratio (DPR) is 9.17%.

In other Mosaic news, Director Luciano Siani Pires purchased 2,000 shares of Mosaic stock in a transaction that occurred on Thursday, August 16th. The stock was acquired at an average price of $29.68 per share, with a total value of $59,360.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $59,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.45% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of MOS. Schwab Charles Investment Management Inc. raised its stake in shares of Mosaic by 4.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,334,992 shares of the basic materials company’s stock worth $65,497,000 after purchasing an additional 104,543 shares during the period. BRYN MAWR TRUST Co raised its stake in shares of Mosaic by 16.9% during the 2nd quarter. BRYN MAWR TRUST Co now owns 271,689 shares of the basic materials company’s stock worth $7,621,000 after purchasing an additional 39,361 shares during the period. Gideon Capital Advisors Inc. bought a new stake in shares of Mosaic during the 2nd quarter worth $234,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Mosaic by 21.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,143,463 shares of the basic materials company’s stock worth $32,074,000 after purchasing an additional 200,899 shares during the period. Finally, Standard Life Aberdeen plc raised its stake in shares of Mosaic by 13.2% during the 2nd quarter. Standard Life Aberdeen plc now owns 172,733 shares of the basic materials company’s stock worth $4,846,000 after purchasing an additional 20,194 shares during the period. 74.58% 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 worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.

Featured Article: The benefits and drawbacks of dollar cost averaging

Get a free copy of the Zacks research report on Mosaic (MOS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply