Mosaic (MOS) Updates FY18 Earnings Guidance

Mosaic (NYSE:MOS) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.80-2.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.77. Mosaic also updated its FY 2018 guidance to $1.80-2.00 EPS.

NYSE MOS traded up $0.78 during trading hours on Wednesday, hitting $36.42. The company had a trading volume of 477,854 shares, compared to its average volume of 4,087,929. Mosaic has a fifty-two week low of $22.24 and a fifty-two week high of $35.69. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.61 and a quick ratio of 0.77. The firm has a market capitalization of $12.30 billion, a PE ratio of 33.47, a P/E/G ratio of 2.62 and a beta of 1.42.

Mosaic (NYSE:MOS) last issued its earnings results on Monday, November 5th. The basic materials company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.11. Mosaic had a positive return on equity of 4.88% and a negative net margin of 1.14%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. Equities research analysts expect that Mosaic will post 1.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.27%. The ex-dividend date is Wednesday, December 5th. Mosaic’s dividend payout ratio is presently 9.17%.

A number of brokerages have recently commented on MOS. Zacks Investment Research raised Mosaic from a hold rating to a buy rating and set a $32.00 price target on the stock in a report on Tuesday, July 24th. Bank of America raised Mosaic from an underperform rating to a buy rating and raised their price target for the company from $24.00 to $35.00 in a report on Tuesday, July 24th. Royal Bank of Canada raised their price target on Mosaic from $32.00 to $35.00 and gave the company a buy rating in a report on Wednesday, July 18th. ValuEngine raised Mosaic from a hold rating to a buy rating in a report on Wednesday, September 12th. Finally, Citigroup raised Mosaic from a neutral rating to a buy rating and raised their price target for the company from $36.00 to $40.00 in a report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $35.07.

In other news, Director Luciano Siani Pires bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was acquired at an average price of $29.68 per share, with a total value of $59,360.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $59,360. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.45% 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 worldwide. 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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