The Mosaic Company Expected to Post Q1 2024 Earnings of $0.58 Per Share (NYSE:MOS)

The Mosaic Company (NYSE:MOS) – Investment analysts at Zacks Research dropped their Q1 2024 earnings per share estimates for shares of Mosaic in a report issued on Tuesday, April 23rd. Zacks Research analyst M. Agrawal now forecasts that the basic materials company will post earnings per share of $0.58 for the quarter, down from their previous estimate of $0.63. The consensus estimate for Mosaic’s current full-year earnings is $2.81 per share. Zacks Research also issued estimates for Mosaic’s Q2 2024 earnings at $0.79 EPS, Q3 2024 earnings at $0.69 EPS, FY2024 earnings at $2.63 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.96 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $2.45 EPS, Q1 2026 earnings at $0.79 EPS and FY2026 earnings at $2.79 EPS.

Mosaic (NYSE:MOS) last announced its earnings results on Thursday, February 22nd. The basic materials company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.09 billion. Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The business’s revenue for the quarter was down 29.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.74 earnings per share.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company raised their price objective on Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. The Goldman Sachs Group dropped their price target on Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. TheStreet lowered shares of Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Mizuho downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $42.00 to $34.00 in a research report on Wednesday, January 24th. Finally, Piper Sandler cut shares of Mosaic from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $42.00 to $32.00 in a report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.27.

Mosaic Price Performance

Shares of MOS opened at $30.49 on Wednesday. The company has a 50 day moving average of $31.52 and a two-hundred day moving average of $33.36. The company has a market cap of $9.81 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 1.56 and a beta of 1.50. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 0.26. Mosaic has a twelve month low of $29.25 and a twelve month high of $43.99.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s dividend payout ratio is currently 24.07%.

Hedge Funds Weigh In On Mosaic

Several institutional investors have recently made changes to their positions in MOS. Janiczek Wealth Management LLC boosted its position in Mosaic by 28.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 318 shares in the last quarter. AdvisorNet Financial Inc grew its stake in Mosaic by 14.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,582 shares of the basic materials company’s stock valued at $92,000 after acquiring an additional 327 shares during the period. Denali Advisors LLC increased its holdings in Mosaic by 100.5% in the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 414 shares in the last quarter. Uncommon Cents Investing LLC raised its position in Mosaic by 3.2% during the first quarter. Uncommon Cents Investing LLC now owns 13,500 shares of the basic materials company’s stock worth $438,000 after acquiring an additional 415 shares during the period. Finally, Moors & Cabot Inc. lifted its holdings in Mosaic by 4.2% during the third quarter. Moors & Cabot Inc. now owns 10,500 shares of the basic materials company’s stock valued at $374,000 after purchasing an additional 419 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Company Profile

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.