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

The Mosaic Company (NYSE:MOS) – Zacks Research lowered their Q1 2024 EPS estimates for shares of Mosaic in a note issued to investors on Tuesday, April 23rd. Zacks Research analyst M. Agrawal now expects that the basic materials company will post earnings of $0.58 per share for the quarter, down from their prior forecast of $0.63. The consensus estimate for Mosaic’s current full-year earnings is $2.79 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 issued its earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period last year, the firm posted $1.74 EPS. Mosaic’s quarterly revenue was down 29.7% compared to the same quarter last year.

Several other research firms have also commented on MOS. Piper Sandler lowered shares of Mosaic from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $42.00 to $32.00 in a research report on Thursday, February 29th. Mizuho lowered shares of Mosaic from a “buy” rating to a “neutral” rating and reduced their price target for the company from $42.00 to $34.00 in a research report on Wednesday, January 24th. Scotiabank raised shares of Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 price target for the company in a research report on Thursday, February 22nd. The Goldman Sachs Group reduced their price target on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Finally, Wells Fargo & Company upped their price target on shares of Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Mosaic presently has a consensus rating of “Hold” and an average price target of $40.27.

Mosaic Price Performance

Shares of NYSE:MOS opened at $30.28 on Wednesday. Mosaic has a fifty-two week low of $29.25 and a fifty-two week high of $43.99. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.22. The business has a 50-day simple moving average of $31.53 and a two-hundred day simple moving average of $33.34.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a $0.21 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.84 annualized dividend and a yield of 2.77%. Mosaic’s payout ratio is 24.07%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Denali Advisors LLC boosted its stake 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 purchasing an additional 414 shares during the period. Mather Group LLC. bought a new position in shares of Mosaic during the 1st quarter valued at approximately $40,000. Janiczek Wealth Management LLC boosted its position in shares of Mosaic by 28.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 318 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Mosaic by 526.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 1,289 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Mosaic during the 3rd quarter valued at approximately $57,000. 77.54% of the stock is currently owned by 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.