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

Mosaic (NYSE:MOS) issued its quarterly earnings data on Tuesday. The basic materials company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01, FiscalAI reports. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm earned $0.51 EPS. Mosaic’s quarterly revenue was down 6.0% on a year-over-year basis.

Mosaic Stock Performance

MOS traded up $0.89 during midday trading on Wednesday, reaching $23.60. The company’s stock had a trading volume of 5,709,969 shares, compared to its average volume of 8,856,852. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $22.17 and a 200 day simple moving average of $24.70. The stock has a market cap of $7.49 billion, a P/E ratio of 181.55, a PEG ratio of 2.94 and a beta of 0.82. Mosaic has a twelve month low of $19.80 and a twelve month high of $36.99.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MOS. Weiss Ratings downgraded shares of Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. Canadian Imperial Bank of Commerce set a $25.00 target price on shares of Mosaic in a research note on Tuesday, May 12th. BMO Capital Markets reduced their price target on shares of Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Rothschild & Co Redburn initiated coverage on Mosaic in a research note on Friday, June 26th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, UBS Group dropped their price objective on Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and an average price target of $27.17.

Institutional Trading of Mosaic

Several institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC lifted its holdings in Mosaic by 632.6% during the 3rd quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock valued at $291,348,000 after purchasing an additional 7,294,205 shares during the last quarter. Invesco Ltd. lifted its position in Mosaic by 28.9% during the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock valued at $285,235,000 after purchasing an additional 2,653,969 shares during the period. Merewether Investment Management LP bought a new position in Mosaic in the second quarter valued at approximately $72,380,000. Victory Capital Management Inc. grew its position in shares of Mosaic by 65.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,730,570 shares of the basic materials company’s stock worth $65,779,000 after buying an additional 1,079,067 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Mosaic by 6.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,407,136 shares of the basic materials company’s stock worth $322,979,000 after acquiring an additional 830,985 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.