Mosaic (NYSE:MOS) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Mosaic (NYSE:MOS) released its earnings results on Tuesday. The basic materials company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.03 by $0.01, Zacks reports. Mosaic had a net margin of 8.35% and a return on equity of 4.74%.

Mosaic Price Performance

Shares of Mosaic stock traded down $0.75 during mid-day trading on Tuesday, reaching $26.51. 9,684,898 shares of the stock were exchanged, compared to its average volume of 5,379,892. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.94 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The firm has a 50-day simple moving average of $32.34 and a 200 day simple moving average of $33.58. Mosaic has a fifty-two week low of $22.36 and a fifty-two week high of $38.23.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were given a dividend of $0.22 per share. The ex-dividend date was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.3%. Mosaic’s dividend payout ratio (DPR) is 29.83%.

Institutional Investors Weigh In On Mosaic

A number of hedge funds have recently made changes to their positions in MOS. Geneos Wealth Management Inc. increased its position in shares of Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Mosaic during the 2nd quarter worth about $31,000. MUFG Securities EMEA plc acquired a new stake in shares of Mosaic during the 2nd quarter worth about $34,000. NewEdge Advisors LLC increased its position in shares of Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Mosaic during the 1st quarter worth about $201,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MOS. Weiss Ratings reiterated a “hold (c)” rating on shares of Mosaic in a research note on Wednesday, October 8th. Zacks Research cut shares of Mosaic from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Barclays cut their target price on shares of Mosaic from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Oppenheimer set a $40.00 price objective on shares of Mosaic in a research note on Wednesday, October 22nd. Finally, Bank of America dropped their price objective on shares of Mosaic from $49.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.23.

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.