Mosaic (NYSE:MOS) announced its quarterly earnings results on Monday. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.11, Briefing.com reports. Mosaic had a positive return on equity of 4.88% and a negative net margin of 1.14%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter last year, the firm posted $0.43 EPS. The company’s quarterly revenue was up 47.5% on a year-over-year basis. Mosaic updated its FY 2018 guidance to $1.80-2.00 EPS and its FY18 guidance to $1.80-2.00 EPS.
MOS stock opened at $35.64 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 0.77 and a debt-to-equity ratio of 0.45. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 2.62 and a beta of 1.42. Mosaic has a fifty-two week low of $22.24 and a fifty-two week high of $35.69.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.28%. The ex-dividend date is Wednesday, December 5th. Mosaic’s payout ratio is 9.17%.
Hedge funds have recently bought and sold shares of the business. Whittier Trust Co. increased its position in shares of Mosaic by 123.2% in the second quarter. Whittier Trust Co. now owns 3,370 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 1,860 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Mosaic in the second quarter worth $115,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Mosaic by 862.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,390 shares of the basic materials company’s stock worth $217,000 after purchasing an additional 3,934 shares during the period. Rehmann Capital Advisory Group increased its position in shares of Mosaic by 12,038.5% in the second quarter. Rehmann Capital Advisory Group now owns 4,734 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 4,695 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of Mosaic in the second quarter worth $144,000. Hedge funds and other institutional investors own 74.86% of the company’s stock.
Several brokerages have issued reports on MOS. Stephens set a $45.00 price target on Mosaic and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research raised Mosaic from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Tuesday, October 23rd. Morgan Stanley raised their price target on Mosaic from $33.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, October 18th. Citigroup raised Mosaic from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $40.00 in a report on Wednesday, October 10th. Finally, Royal Bank of Canada raised their price target on Mosaic from $36.00 to $40.00 and gave the company a “buy” rating in a report on Monday, October 1st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. Mosaic presently has an average rating of “Buy” and a consensus price target of $34.79.
Mosaic Company Profile
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.
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