Q1 2024 EPS Estimates for The Mosaic Company Boosted by Zacks Research (NYSE:MOS)

Posted by on Sep 23rd, 2023

The Mosaic Company (NYSE:MOS – Free Report) – Zacks Research raised their Q1 2024 earnings per share (EPS) estimates for Mosaic in a research note issued on Tuesday, September 19th. Zacks Research analyst M. Agrawal now expects that the basic materials company will earn $0.83 per share for the quarter, up from their previous estimate of $0.81. The consensus estimate for Mosaic’s current full-year earnings is $3.89 per share. Zacks Research also issued estimates for Mosaic’s Q2 2025 earnings at $1.36 EPS and FY2025 earnings at $2.26 EPS.

Mosaic (NYSE:MOS – Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.03). Mosaic had a return on equity of 20.21% and a net margin of 12.89%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the company posted $3.64 EPS. The company’s revenue for the quarter was down 36.8% compared to the same quarter last year.

Several other research firms have also recently issued reports on MOS. Bank of America increased their price target on Mosaic from $50.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Wells Fargo & Company upped their price objective on Mosaic from $41.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. Mizuho restated a “buy” rating and issued a $48.00 price objective on shares of Mosaic in a report on Wednesday, September 13th. Barclays lowered Mosaic from an “equal weight” rating to an “underweight” rating and set a $40.00 price objective for the company. in a report on Monday, August 14th. Finally, StockNews.com assumed coverage on Mosaic in a report on Thursday, August 17th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.71.

View Our Latest Stock Analysis on Mosaic

Mosaic Trading Down 3.5 %

NYSE:MOS opened at $35.80 on Thursday. Mosaic has a 1 year low of $31.44 and a 1 year high of $57.46. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 5.66, a PEG ratio of 1.36 and a beta of 1.52. The business has a fifty day moving average of $39.12 and a 200-day moving average of $39.60. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.18.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, September 7th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.23%. The ex-dividend date was Wednesday, September 6th. Mosaic’s dividend payout ratio is currently 12.64%.

Institutional Investors Weigh In On Mosaic

Several hedge funds have recently bought and sold shares of MOS. Meiji Yasuda Asset Management Co Ltd. increased its position in Mosaic by 5.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,325 shares of the basic materials company’s stock worth $204,000 after purchasing an additional 221 shares during the last quarter. Quent Capital LLC increased its position in Mosaic by 50.0% in the 1st quarter. Quent Capital LLC now owns 705 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 235 shares during the last quarter. Keene & Associates Inc. increased its position in Mosaic by 3.9% in the 1st quarter. Keene & Associates Inc. now owns 6,418 shares of the basic materials company’s stock worth $294,000 after purchasing an additional 238 shares during the last quarter. Meixler Investment Management Ltd. increased its position in Mosaic by 2.5% in the 4th quarter. Meixler Investment Management Ltd. now owns 9,643 shares of the basic materials company’s stock worth $423,000 after purchasing an additional 238 shares during the last quarter. Finally, Czech National Bank increased its position in Mosaic by 0.6% in the 1st quarter. Czech National Bank now owns 40,102 shares of the basic materials company’s stock worth $1,840,000 after purchasing an additional 248 shares during the last quarter. 84.05% of the stock is owned by hedge funds and other institutional investors.

Mosaic Company Profile

(Get Free Report)

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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Earnings History and Estimates for Mosaic (NYSE:MOS)

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