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

Mosaic (NYSE:MOS) released its quarterly earnings results on Tuesday. The basic materials company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.05 billion.

Mosaic Price Performance

MOS stock traded down $0.60 on Tuesday, reaching $18.43. The company had a trading volume of 8,363,461 shares, compared to its average volume of 8,922,649. Mosaic has a 1 year low of $16.99 and a 1 year high of $32.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34. The company’s fifty day moving average is $21.95 and its 200 day moving average is $23.89. The company has a market cap of $5.86 billion, a P/E ratio of -9.13, a PEG ratio of 5.79 and a beta of 0.91.

Mosaic Announces Dividend

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

Insider Activity

In other news, SVP Walter Precourt, III sold 23,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the sale, the senior vice president directly owned 116,198 shares in the company, valued at $2,570,299.76. This represents a 16.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on MOS. Freedom Capital downgraded Mosaic from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, August 13th. Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings restated a “sell (d)” rating on shares of Mosaic in a research report on Friday, August 7th. Mizuho cut their price target on Mosaic from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Finally, Canadian Imperial Bank of Commerce decreased their price objective on shares of Mosaic from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, October 23rd. Six research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Mosaic presently has a consensus rating of “Hold” and an average target price of $25.79.

Mosaic Company Profile

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.