Q4 2024 Earnings Estimate for The Mosaic Company Issued By Zacks Research (NYSE:MOS)

The Mosaic Company (NYSE:MOS) – Equities research analysts at Zacks Research cut their Q4 2024 EPS estimates for shares of Mosaic in a report released on Tuesday, April 23rd. Zacks Research analyst M. Agrawal now forecasts that the basic materials company will post earnings of $0.56 per share for the quarter, down from their previous estimate of $0.59. The consensus estimate for Mosaic’s current full-year earnings is $2.79 per share.

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

MOS has been the topic of several other research reports. Wolfe Research initiated coverage on shares of Mosaic in a research report on Friday, March 1st. They set an “outperform” rating and a $39.00 price target on the stock. The Goldman Sachs Group cut their target price on Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Scotiabank raised Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 target price on the stock in a research report on Thursday, February 22nd. Mizuho lowered Mosaic from a “buy” rating to a “neutral” rating and cut their target price for the company from $42.00 to $34.00 in a research report on Wednesday, January 24th. Finally, TheStreet lowered Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $40.27.

Mosaic Stock Down 0.2 %

MOS stock opened at $30.23 on Thursday. The firm has a market cap of $9.72 billion, a PE ratio of 8.66, a PEG 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 firm’s 50 day moving average price is $31.52 and its 200-day moving average price is $33.30. Mosaic has a one year low of $29.25 and a one year high of $43.99.

Mosaic Announces Dividend

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 of this dividend is Thursday, June 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.78%. Mosaic’s dividend payout ratio (DPR) is 24.07%.

Hedge Funds Weigh In On Mosaic

Several institutional investors have recently modified their holdings of MOS. International Assets Investment Management LLC grew its stake in shares of Mosaic by 15.0% during the third quarter. International Assets Investment Management LLC now owns 7,251 shares of the basic materials company’s stock worth $255,000 after purchasing an additional 945 shares in the last quarter. Ritholtz Wealth Management acquired a new position in shares of Mosaic during the third quarter worth $243,000. HB Wealth Management LLC acquired a new position in shares of Mosaic during the third quarter worth $212,000. SG Americas Securities LLC grew its stake in shares of Mosaic by 95.0% during the third quarter. SG Americas Securities LLC now owns 42,252 shares of the basic materials company’s stock worth $1,504,000 after purchasing an additional 20,585 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Mosaic by 526.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 1,289 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

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.