Brokerages Anticipate Mosaic Co (NYSE:MOS) Will Post Quarterly Sales of $2.62 Billion

Brokerages predict that Mosaic Co (NYSE:MOS) will report $2.62 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Mosaic’s earnings, with estimates ranging from $2.62 billion to $2.63 billion. Mosaic reported sales of $2.93 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.6%. The company is scheduled to issue its next earnings results on Monday, November 4th.

On average, analysts expect that Mosaic will report full-year sales of $9.35 billion for the current fiscal year, with estimates ranging from $9.00 billion to $9.71 billion. For the next fiscal year, analysts forecast that the company will post sales of $9.49 billion, with estimates ranging from $9.29 billion to $9.61 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Mosaic.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.18). Mosaic had a return on equity of 6.87% and a net margin of 2.70%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. Mosaic’s revenue for the quarter was down 1.3% on a year-over-year basis.

A number of equities analysts recently issued reports on the company. Royal Bank of Canada cut their target price on Mosaic from $35.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Bank of America upgraded Mosaic from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, June 17th. Standpoint Research upgraded Mosaic from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. TheStreet cut Mosaic from a “b-” rating to a “c+” rating in a research note on Thursday, May 9th. Finally, Scotiabank upgraded Mosaic from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Mosaic has a consensus rating of “Hold” and an average target price of $31.94.

Several institutional investors have recently made changes to their positions in MOS. Nuveen Asset Management LLC increased its position in shares of Mosaic by 73,897.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,286,041 shares of the basic materials company’s stock valued at $157,339,000 after purchasing an additional 6,277,546 shares during the last quarter. Boston Partners increased its position in shares of Mosaic by 21.1% during the 1st quarter. Boston Partners now owns 17,250,762 shares of the basic materials company’s stock valued at $471,118,000 after purchasing an additional 3,007,121 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Mosaic by 78.2% during the 1st quarter. Janus Henderson Group PLC now owns 3,243,583 shares of the basic materials company’s stock valued at $88,583,000 after purchasing an additional 1,423,772 shares during the last quarter. Marshall Wace LLP increased its position in shares of Mosaic by 2,241.2% during the 2nd quarter. Marshall Wace LLP now owns 886,438 shares of the basic materials company’s stock valued at $22,188,000 after purchasing an additional 848,576 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its position in shares of Mosaic by 67.5% during the 1st quarter. State of Tennessee Treasury Department now owns 1,757,332 shares of the basic materials company’s stock valued at $47,993,000 after purchasing an additional 707,945 shares during the last quarter. 74.32% of the stock is owned by hedge funds and other institutional investors.

Shares of MOS traded up $0.45 during trading hours on Friday, reaching $19.74. The stock had a trading volume of 3,371,400 shares, compared to its average volume of 5,575,493. Mosaic has a 12 month low of $19.12 and a 12 month high of $37.37. The firm has a 50-day simple moving average of $23.57 and a 200 day simple moving average of $25.92. The company has a current ratio of 1.67, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 2.41 and a beta of 1.56.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, September 4th. Mosaic’s dividend payout ratio is presently 9.43%.

Mosaic Company Profile

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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