Mosaic (NYSE:MOS) Reaches New 1-Year Low Following Weak Earnings

Mosaic Co (NYSE:MOS) shares hit a new 52-week low during trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $20.55 and last traded at $20.71, with a volume of 5753479 shares trading hands. The stock had previously closed at $23.60.

The basic materials company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.17). The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.31 billion. Mosaic had a net margin of 5.85% and a return on equity of 7.88%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 EPS.

A number of brokerages have recently commented on MOS. Cowen reissued an “outperform” rating and issued a $30.00 price objective (up previously from $26.00) on shares of Mosaic in a research report on Tuesday, June 25th. Standpoint Research raised shares of Mosaic from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Citigroup raised shares of Mosaic from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $26.00 to $31.00 in a research report on Wednesday, July 31st. ValuEngine lowered shares of Mosaic from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada cut their price objective on shares of Mosaic from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, July 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $32.80.

In other Mosaic news, CFO Clint Freeland purchased 4,250 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $23.60 per share, for a total transaction of $100,300.00. Following the completion of the purchase, the chief financial officer now owns 4,250 shares of the company’s stock, valued at approximately $100,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Calvin O’rourke purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of $24.03 per share, for a total transaction of $240,300.00. Following the completion of the purchase, the chief executive officer now directly owns 168,345 shares of the company’s stock, valued at approximately $4,045,330.35. The disclosure for this purchase can be found here. Insiders purchased 17,339 shares of company stock worth $414,182 over the last 90 days. 0.51% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in MOS. Boston Partners grew its stake in shares of Mosaic by 21.1% in the first quarter. Boston Partners now owns 17,250,762 shares of the basic materials company’s stock valued at $471,118,000 after acquiring an additional 3,007,121 shares in the last quarter. Janus Henderson Group PLC grew its stake in Mosaic by 78.2% during the first quarter. Janus Henderson Group PLC now owns 3,243,583 shares of the basic materials company’s stock worth $88,583,000 after buying an additional 1,423,772 shares in the last quarter. State of Tennessee Treasury Department grew its stake in Mosaic by 67.5% during the first quarter. State of Tennessee Treasury Department now owns 1,757,332 shares of the basic materials company’s stock worth $47,993,000 after buying an additional 707,945 shares in the last quarter. Toronto Dominion Bank grew its stake in Mosaic by 267.5% during the first quarter. Toronto Dominion Bank now owns 876,284 shares of the basic materials company’s stock worth $23,928,000 after buying an additional 637,816 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Mosaic by 295.6% during the second quarter. First Trust Advisors LP now owns 614,842 shares of the basic materials company’s stock worth $15,389,000 after buying an additional 459,403 shares in the last quarter. Institutional investors and hedge funds own 74.24% of the company’s stock.

The stock has a market cap of $8.34 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 2.18 and a beta of 1.56. The company has a quick ratio of 0.66, a current ratio of 1.73 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average price of $24.11.

Mosaic Company Profile (NYSE:MOS)

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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