The Mosaic Company (NYSE:MOS – Free Report) – Equities researchers at Zacks Research lowered their Q4 2024 EPS estimates for Mosaic in a report issued on Tuesday, April 23rd. Zacks Research analyst M. Agrawal now expects that the basic materials company will post earnings of $0.56 per share for the quarter, down from their prior estimate of $0.59. The consensus estimate for Mosaic’s current full-year earnings is $2.79 per share.
Mosaic (NYSE:MOS – Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.11). Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the prior year, the firm earned $1.74 EPS. Mosaic’s quarterly revenue was down 29.7% compared to the same quarter last year.
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Mosaic Price Performance
Shares of NYSE MOS opened at $30.23 on Thursday. Mosaic has a 1 year low of $29.25 and a 1 year high of $43.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.22 and a quick ratio of 0.57. The company’s 50-day moving average is $31.52 and its 200 day moving average is $33.30. The stock has a market capitalization of $9.72 billion, a P/E ratio of 8.66, a P/E/G ratio of 1.56 and a beta of 1.50.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in MOS. Norges Bank bought a new position in shares of Mosaic in the fourth quarter worth approximately $107,893,000. Assenagon Asset Management S.A. lifted its position in Mosaic by 8,776.5% during the third quarter. Assenagon Asset Management S.A. now owns 627,654 shares of the basic materials company’s stock valued at $22,344,000 after purchasing an additional 620,583 shares during the period. Northern Trust Corp lifted its position in Mosaic by 7.5% during the third quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company’s stock valued at $217,429,000 after purchasing an additional 424,063 shares during the period. AustralianSuper Pty Ltd lifted its position in Mosaic by 23.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company’s stock valued at $74,431,000 after purchasing an additional 391,191 shares during the period. Finally, Scout Investments Inc. lifted its position in Mosaic by 278.8% during the fourth quarter. Scout Investments Inc. now owns 454,802 shares of the basic materials company’s stock valued at $16,250,000 after purchasing an additional 334,730 shares during the period. Institutional investors own 77.54% of the company’s stock.
Mosaic Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders 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 is presently 24.07%.
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.
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