Mosaic Co (MOS) Announces Earnings Results, Beats Estimates By $0.18 EPS
Mosaic Co (NYSE:MOS) issued its earnings results on Tuesday. The company reported C$0.43 EPS for the quarter, topping the consensus estimate of C$0.25 by C$0.18, Bloomberg Earnings reports. The company had revenue of C$1.98 billion for the quarter, compared to analyst estimates of C$1.93 billion. Mosaic had a net margin of 5.20% and a return on equity of 4.03%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Wednesday, December 6th.
In other Mosaic news, Director Robert L. Lumpkins acquired 7,000 shares of Mosaic stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of C$19.94 per share, with a total value of C$139,580.00. Following the purchase, the director now owns 9,339 shares in the company, valued at C$186,219.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Several equities research analysts have commented on the stock. BidaskClub lowered shares of Mosaic from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada decreased their target price on shares of Mosaic from $26.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Friday, July 14th. Stifel Nicolaus restated a “hold” rating and set a $27.00 target price on shares of Mosaic in a research report on Friday, July 14th. Citigroup Inc. cut their price target on Mosaic from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, July 12th. Finally, Zacks Investment Research raised Mosaic from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$23.91.
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Mosaic 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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