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.

COPYRIGHT VIOLATION NOTICE: “Mosaic (MOS) Releases FY19 Earnings Guidance” was originally published by Rockland Register and is the sole property of of Rockland Register. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://rocklandregister.com/2019/05/30/mosaic-mos-releases-fy19-earnings-guidance.html.

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.

Further Reading: What are Institutional Investors?

Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.