Mosaic (NYSE:MOS) Posts 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 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.10 billion.

Mosaic Trading Up 4.3%

Mosaic stock traded up $0.93 during mid-day trading on Tuesday, hitting $22.74. 6,718,168 shares of the stock were exchanged, compared to its average volume of 8,881,662. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 174.94, a PEG ratio of 2.98 and a beta of 0.82. Mosaic has a 12 month low of $19.80 and a 12 month high of $36.99. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The firm’s fifty day simple moving average is $22.17 and its two-hundred day simple moving average is $24.73.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MOS shares. The Goldman Sachs Group lowered their price target on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Berenberg Bank decreased their price objective on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. Wells Fargo & Company dropped their price target on Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. JPMorgan Chase & Co. dropped their price target on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Finally, BNP Paribas Exane dropped their price target on Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average target price of $27.11.

Institutional Investors Weigh In On Mosaic

Large investors have recently modified their holdings of the company. NewEdge Advisors LLC lifted its stake in Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 380 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Mosaic by 51.4% in the second quarter. Geneos Wealth Management Inc. now owns 1,447 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 491 shares during the period. Norinchukin Bank The raised its holdings in shares of Mosaic by 3.3% during the third quarter. Norinchukin Bank The now owns 16,839 shares of the basic materials company’s stock worth $584,000 after purchasing an additional 543 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Mosaic by 5.5% during the fourth quarter. Advisory Services Network LLC now owns 10,925 shares of the basic materials company’s stock worth $263,000 after purchasing an additional 568 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Mosaic by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 105,912 shares of the basic materials company’s stock valued at $3,673,000 after purchasing an additional 613 shares during the period. 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.