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

Mosaic (NYSE:MOS) issued its quarterly earnings results on Tuesday. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01, FiscalAI reports. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.10 billion.

Mosaic Trading Up 4.3%

Mosaic stock traded up $0.93 during trading on Tuesday, reaching $22.74. 6,718,168 shares of the company were exchanged, compared to its average volume of 8,881,662. The stock’s 50 day simple moving average is $22.17 and its two-hundred day simple moving average is $24.73. The company has a market capitalization of $7.22 billion, a P/E ratio of 174.94, a PEG ratio of 2.98 and a beta of 0.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.45. Mosaic has a 52-week low of $19.80 and a 52-week high of $36.99.

Analyst Ratings Changes

MOS has been the topic of a number of research reports. BMO Capital Markets decreased their price objective on Mosaic from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. UBS Group dropped their target price on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Zacks Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Wall Street Zen downgraded shares of Mosaic from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Finally, The Goldman Sachs Group decreased their price target on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating on the stock 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.11.

Institutional Trading of Mosaic

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

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.