Mosaic (NYSE:MOS) Posts Earnings Results, Beats Expectations By $0.01 EPS

Mosaic (NYSE:MOS) issued its earnings results on Tuesday. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01, FiscalAI reports. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.71%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share.

Mosaic Stock Up 1.8%

Shares of MOS stock traded up $0.41 during trading hours on Thursday, reaching $23.82. 1,758,777 shares of the company’s stock were exchanged, compared to its average volume of 8,879,953. The stock’s 50 day moving average is $22.17 and its 200-day moving average is $24.67. The company has a market cap of $7.56 billion, a price-to-earnings ratio of -11.72, a P/E/G ratio of 3.06 and a beta of 0.82. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. Mosaic has a fifty-two week low of $19.80 and a fifty-two week high of $36.99.

Institutional Investors Weigh In On Mosaic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MOS. Aster Capital Management DIFC Ltd lifted its stake in shares of Mosaic by 43.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,744 shares of the basic materials company’s stock worth $90,000 after buying an additional 1,141 shares during the period. Advisors Asset Management Inc. increased its position in shares of Mosaic by 19.3% in the 4th quarter. Advisors Asset Management Inc. now owns 5,955 shares of the basic materials company’s stock valued at $143,000 after acquiring an additional 962 shares during the period. Intesa Sanpaolo S.p.A. purchased a new position in Mosaic in the 4th quarter worth $143,000. Intesa Sanpaolo Wealth Management purchased a new position in Mosaic in the 4th quarter worth $48,000. Finally, Danske Bank A S acquired a new stake in Mosaic during the 3rd quarter worth about $121,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on MOS shares. HSBC dropped their target price on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, June 18th. Barclays dropped their price objective on Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, May 18th. JPMorgan Chase & Co. lowered their target price on Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th. Freedom Capital upgraded Mosaic from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, June 17th. Finally, The Goldman Sachs Group lowered their price objective on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mosaic has a consensus rating of “Hold” and a consensus price target of $27.17.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.