Mosaic (MOS) Releases FY19 Earnings Guidance

Mosaic (NYSE:MOS) updated its FY19 earnings guidance on Monday. The company provided EPS guidance of $1.50-2.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.20. Mosaic also updated its FY 2019 guidance to $1.50-2.00 EPS.

Several equities analysts have issued reports on the company. Berenberg Bank assumed coverage on Mosaic in a report on Tuesday, March 26th. They set a hold rating and a $30.00 price objective on the stock. UBS Group dropped their price objective on Mosaic from $40.00 to $38.00 and set a buy rating on the stock in a report on Monday, April 1st. Stifel Nicolaus raised their price target on Mosaic from $31.00 to $33.00 and gave the stock a hold rating in a report on Tuesday, April 9th. Bank of America lowered Mosaic from a buy rating to a neutral rating and set a $25.49 price target on the stock. in a report on Thursday, May 2nd. Finally, Credit Suisse Group raised Mosaic from a neutral rating to an outperform rating and lowered their price target for the stock from $30.00 to $28.00 in a report on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $33.13.

NYSE:MOS traded down $0.13 during mid-day trading on Thursday, reaching $21.27. The stock had a trading volume of 2,766,800 shares, compared to its average volume of 4,185,365. 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 company has a market cap of $8.23 billion, a P/E ratio of 10.03, a PEG ratio of 1.81 and a beta of 1.42. Mosaic has a twelve month low of $20.81 and a twelve month high of $37.37.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. Mosaic had a net margin of 5.85% and a return on equity of 7.88%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm earned $0.20 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts expect that Mosaic will post 1.68 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.94%. This is an increase from Mosaic’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, June 5th. Mosaic’s dividend payout ratio (DPR) is presently 4.72%.

In other news, Director Emery N. Koenig bought 2,089 shares of the stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of $23.95 per share, with a total value of $50,031.55. Following the purchase, the director now owns 25,244 shares of the company’s stock, valued at $604,593.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James Calvin O’rourke bought 10,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was purchased at an average cost of $24.03 per share, with a total value of $240,300.00. Following the completion of the purchase, the chief executive officer now directly owns 168,345 shares in the company, valued at approximately $4,045,330.35. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 17,339 shares of company stock valued at $414,182. Insiders own 0.51% of the company’s stock.

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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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