Brokerages forecast that Mosaic Company (The) (NYSE:MOS) will announce $1.65 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Mosaic Company (The)’s earnings, with estimates ranging from $1.62 billion to $1.69 billion. Mosaic Company (The) posted sales of $1.67 billion in the same quarter last year, which would indicate a negative year over year growth rate of 1.2%. The business is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, August 1st.

On average, analysts expect that Mosaic Company (The) will report full-year sales of $1.65 billion for the current fiscal year, with estimates ranging from $7.05 billion to $7.34 billion. For the next financial year, analysts forecast that the firm will post sales of $7.85 billion per share, with estimates ranging from $7.39 billion to $8.68 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Mosaic Company (The).

Mosaic Company (The) (NYSE:MOS) last released its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.15. Mosaic Company (The) had a net margin of 0.57% and a return on equity of 2.48%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the business earned $0.14 EPS. The company’s revenue was down 5.7% compared to the same quarter last year.

Several equities analysts have recently commented on MOS shares. Zacks Investment Research downgraded shares of Mosaic Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Royal Bank Of Canada set a $26.00 price objective on shares of Mosaic Company (The) and gave the company a “hold” rating in a research note on Saturday, June 10th. Credit Suisse Group set a $20.00 price objective on shares of Mosaic Company (The) and gave the company a “sell” rating in a research note on Saturday, April 15th. Atlantic Securities raised shares of Mosaic Company (The) from an “underweight” rating to a “neutral” rating and set a $26.00 price objective for the company in a research note on Tuesday, May 9th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $26.00 price objective on shares of Mosaic Company (The) in a research note on Wednesday, April 5th. Seven research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $25.65.

Mosaic Company (NYSE:MOS) traded up 0.49% during midday trading on Friday, hitting $22.51. The company had a trading volume of 1,818,290 shares. The firm’s 50 day moving average is $22.89 and its 200-day moving average is $27.88. Mosaic Company has a 52 week low of $21.79 and a 52 week high of $34.36. The firm has a market capitalization of $7.90 billion, a P/E ratio of 195.74 and a beta of 1.23. Mosaic Company (The) also was the recipient of some unusual options trading activity on Tuesday. Stock investors bought 1,371 call options on the stock. This is an increase of 610% compared to the average daily volume of 193 call options.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Tuesday, May 30th. Mosaic Company (The)’s dividend payout ratio is currently 545.50%.

In related news, Director Nancy E. Cooper sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $23.39, for a total value of $25,729.00. Following the sale, the director now owns 8,260 shares in the company, valued at $193,201.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard L. Mack bought 7,500 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The stock was bought at an average price of $23.35 per share, for a total transaction of $175,125.00. Following the acquisition, the chief financial officer now directly owns 136,101 shares of the company’s stock, valued at approximately $3,177,958.35. The disclosure for this purchase can be found here. Company insiders own 0.38% of the company’s stock.

A number of large investors have recently modified their holdings of MOS. Xact Kapitalforvaltning AB boosted its stake in shares of Mosaic Company (The) by 0.6% in the second quarter. Xact Kapitalforvaltning AB now owns 53,096 shares of the basic materials company’s stock valued at $1,212,000 after buying an additional 297 shares in the last quarter. Laurel Wealth Advisors Inc. boosted its stake in shares of Mosaic Company (The) by 3.9% in the first quarter. Laurel Wealth Advisors Inc. now owns 10,784 shares of the basic materials company’s stock valued at $314,000 after buying an additional 401 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Mosaic Company (The) by 2.9% in the first quarter. Perigon Wealth Management LLC now owns 13,228 shares of the basic materials company’s stock valued at $386,000 after buying an additional 370 shares in the last quarter. Achmea Investment Management B.V. bought a new stake in shares of Mosaic Company (The) during the first quarter valued at about $2,944,000. Finally, City Financial Investment Co Ltd boosted its stake in shares of Mosaic Company (The) by 24.7% in the first quarter. City Financial Investment Co Ltd now owns 79,800 shares of the basic materials company’s stock valued at $2,328,000 after buying an additional 15,800 shares in the last quarter. Institutional investors own 83.32% of the company’s stock.

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Mosaic Company (The) Company Profile

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.

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