Mosaic (NYSE:MOS) Releases Earnings Results, Misses Expectations By $0.18 EPS

Mosaic (NYSE:MOS) posted its quarterly earnings data on Tuesday. The basic materials company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.18), FiscalAI reports. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion.

Mosaic Price Performance

Shares of Mosaic stock traded down $0.60 during trading on Tuesday, hitting $18.43. 8,363,461 shares of the stock traded hands, compared to its average volume of 8,922,649. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of -9.13, a PEG ratio of 5.79 and a beta of 0.91. The firm’s fifty day moving average is $21.95 and its 200-day moving average is $23.89. Mosaic has a 52 week low of $16.99 and a 52 week high of $32.25. The company has a quick ratio of 0.43, a current ratio of 1.34 and a debt-to-equity ratio of 0.41.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, December 4th. Mosaic’s dividend payout ratio is presently -43.56%.

Insiders Place Their Bets

In other news, SVP Walter Precourt, III sold 23,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the sale, the senior vice president directly owned 116,198 shares in the company, valued at approximately $2,570,299.76. This represents a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on MOS. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Freedom Broker raised Mosaic from a “sell” rating to a “hold” rating and set a $17.00 target price for the company in a research report on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mosaic in a research report on Friday, August 7th. UBS Group dropped their price target on Mosaic from $23.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 27th. Finally, Royal Bank Of Canada lowered Mosaic from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $27.00 to $25.00 in a report on Monday, October 5th. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.79.

About Mosaic

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.

Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.