$0.28 Earnings Per Share Expected for Mosaic Co (MOS) This Quarter

Analysts forecast that Mosaic Co (NYSE:MOS) will post $0.28 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Mosaic’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.25. Mosaic reported earnings of $0.20 per share during the same quarter last year, which indicates a positive year over year growth rate of 40%. The business is expected to announce its next earnings results after the market closes on Monday, May 6th.

According to Zacks, analysts expect that Mosaic will report full year earnings of $2.31 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.49. For the next financial year, analysts expect that the company will report earnings of $2.67 per share, with EPS estimates ranging from $2.31 to $2.92. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Mosaic.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, February 25th. The basic materials company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.20. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.36 billion. Mosaic had a net margin of 4.90% and a return on equity of 7.71%. The company’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.23) earnings per share.

Several equities research analysts have commented on MOS shares. Zacks Investment Research raised shares of Mosaic from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Monday, January 21st. Cleveland Research downgraded shares of Mosaic from a “buy” rating to a “neutral” rating in a report on Friday, February 22nd. Credit Suisse Group reaffirmed a “hold” rating and set a $30.00 price objective on shares of Mosaic in a report on Monday, February 4th. Citigroup downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $38.00 to $27.50 in a report on Friday, March 29th. Finally, UBS Group set a $40.00 price target on shares of Mosaic and gave the stock a “buy” rating in a report on Tuesday, February 26th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.47.

NYSE MOS traded up $0.17 during trading on Tuesday, hitting $27.07. 3,989,172 shares of the company’s stock traded hands, compared to its average volume of 3,738,361. The company has a market cap of $10.43 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.68 and a beta of 1.46. Mosaic has a 12-month low of $25.43 and a 12-month high of $37.37. The company has a quick ratio of 0.79, a current ratio of 1.71 and a debt-to-equity ratio of 0.42.

Institutional investors have recently made changes to their positions in the company. Private Capital Group LLC lifted its holdings in shares of Mosaic by 50.8% in the fourth quarter. Private Capital Group LLC now owns 1,203 shares of the basic materials company’s stock worth $35,000 after buying an additional 405 shares in the last quarter. Berman Capital Advisors LLC bought a new position in shares of Mosaic in the fourth quarter worth approximately $39,000. Exane Asset Management bought a new position in shares of Mosaic in the fourth quarter worth approximately $72,000. Oregon Public Employees Retirement Fund increased its position in shares of Mosaic by 3,480.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,688,263 shares of the basic materials company’s stock worth $161,000 after purchasing an additional 4,557,338 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of Mosaic in the fourth quarter worth approximately $166,000. 78.40% of the stock is currently owned by hedge funds and other institutional investors.

About Mosaic

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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