Mosaic Co (NYSE:MOS) Expected to Announce Earnings of -$0.07 Per Share

Equities research analysts expect that Mosaic Co (NYSE:MOS) will report earnings of ($0.07) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Mosaic’s earnings, with the lowest EPS estimate coming in at ($0.24) and the highest estimate coming in at $0.01. Mosaic reported earnings of $0.25 per share during the same quarter last year, which would indicate a negative year over year growth rate of 128%. The business is expected to report its next quarterly earnings results on Monday, May 4th.

On average, analysts expect that Mosaic will report full year earnings of $0.38 per share for the current fiscal year, with EPS estimates ranging from $0.12 to $0.72. For the next year, analysts anticipate that the business will report earnings of $0.86 per share, with EPS estimates ranging from $0.50 to $1.41. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Mosaic.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.24). Mosaic had a positive return on equity of 0.65% and a negative net margin of 11.98%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was down 17.6% compared to the same quarter last year.

MOS has been the topic of a number of recent analyst reports. CIBC initiated coverage on shares of Mosaic in a research note on Friday, February 21st. They set a “buy” rating and a $25.00 price target on the stock. Citigroup cut shares of Mosaic from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $29.00 to $21.00 in a research note on Friday, February 14th. ValuEngine raised shares of Mosaic from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Bank of America cut shares of Mosaic from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research note on Friday, March 13th. Finally, JPMorgan Chase & Co. upgraded shares of Mosaic from an “underweight” rating to a “neutral” rating and set a $10.00 price objective on the stock in a research report on Tuesday, March 17th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $22.36.

In other news, CEO James Calvin O’rourke bought 15,000 shares of Mosaic stock in a transaction on Monday, March 9th. The shares were bought at an average cost of $11.92 per share, for a total transaction of $178,800.00. Following the acquisition, the chief executive officer now owns 25,000 shares in the company, valued at $298,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bruce M. Bodine acquired 5,500 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were bought at an average price of $12.44 per share, for a total transaction of $68,420.00. Insiders purchased a total of 27,500 shares of company stock worth $320,810 over the last quarter. Insiders own 0.51% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Ilmarinen Mutual Pension Insurance Co acquired a new stake in Mosaic in the third quarter valued at approximately $5,125,000. Colony Group LLC acquired a new position in shares of Mosaic during the third quarter valued at $212,000. State Street Corp lifted its stake in shares of Mosaic by 2.7% during the third quarter. State Street Corp now owns 20,103,438 shares of the basic materials company’s stock valued at $412,120,000 after acquiring an additional 521,591 shares during the period. Boston Partners lifted its stake in shares of Mosaic by 19.1% during the third quarter. Boston Partners now owns 20,566,942 shares of the basic materials company’s stock valued at $421,643,000 after acquiring an additional 3,296,438 shares during the period. Finally, J.P. Marvel Investment Advisors LLC acquired a new position in shares of Mosaic during the third quarter valued at $4,801,000. Institutional investors and hedge funds own 76.90% of the company’s stock.

Shares of NYSE:MOS traded down $0.82 on Monday, reaching $9.90. 6,190,391 shares of the company were exchanged, compared to its average volume of 8,334,284. The company has a current ratio of 1.43, a quick ratio of 0.63 and a debt-to-equity ratio of 0.48. Mosaic has a 1-year low of $6.50 and a 1-year high of $28.01. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of -3.54, a price-to-earnings-growth ratio of 4.05 and a beta of 1.70. The company has a 50-day moving average of $15.34 and a 200-day moving average of $19.00.

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 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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