Zacks: Brokerages Expect Mosaic Co (MOS) to Post $0.27 EPS

Wall Street analysts forecast that Mosaic Co (NYSE:MOS) will post earnings of $0.27 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Mosaic’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.17. Mosaic reported earnings per share of $0.26 during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.8%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, February 19th.

On average, analysts expect that Mosaic will report full-year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $0.92 to $1.06. For the next financial year, analysts expect that the firm will report earnings of $1.32 per share, with EPS estimates ranging from $1.24 to $1.40. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Mosaic.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.18. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.93 billion. Mosaic had a return on equity of 3.61% and a net margin of 4.68%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share.

Several equities analysts have recently issued reports on the company. Cowen reiterated a “hold” rating and set a $25.00 price objective on shares of Mosaic in a research report on Friday, January 12th. JPMorgan Chase & Co. assumed coverage on Mosaic in a research report on Friday, January 12th. They set a “neutral” rating and a $26.00 price objective for the company. Royal Bank of Canada boosted their price objective on Mosaic from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, January 12th. Zacks Investment Research cut Mosaic from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Finally, Citigroup boosted their target price on Mosaic from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.98.

Several hedge funds and other institutional investors have recently bought and sold shares of MOS. YorkBridge Wealth Partners LLC raised its stake in Mosaic by 13,636.4% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 6,000 shares during the period. Cerebellum GP LLC acquired a new stake in Mosaic during the 4th quarter valued at $130,000. Westover Capital Advisors LLC acquired a new stake in Mosaic during the 2nd quarter valued at $218,000. UMB Bank N A MO acquired a new stake in Mosaic during the 4th quarter valued at $222,000. Finally, Koch Industries Inc. acquired a new stake in Mosaic during the 2nd quarter valued at $225,000. 76.82% of the stock is currently owned by institutional investors.

Shares of Mosaic (MOS) traded up $0.93 during midday trading on Friday, hitting $27.62. The stock had a trading volume of 4,234,152 shares, compared to its average volume of 4,272,594. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.90 and a current ratio of 1.78. The firm has a market capitalization of $9,369.50, a P/E ratio of 28.77, a PEG ratio of 2.13 and a beta of 1.31. Mosaic has a fifty-two week low of $19.23 and a fifty-two week high of $34.36.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, March 1st will be issued a $0.025 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.10 annualized dividend and a dividend yield of 0.36%. Mosaic’s dividend payout ratio is currently 10.42%.

TRADEMARK VIOLATION NOTICE: This story was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/01/28/zacks-brokerages-expect-mosaic-co-mos-to-post-0-27-eps.html.

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.

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