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.
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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