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.

TRADEMARK VIOLATION NOTICE: This report was first posted by WKRB News and is owned by of WKRB News. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.wkrb13.com/2018/11/07/mosaic-mos-updates-fy18-earnings-guidance.html.

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.

Recommended Story: What is a Reverse Stock Split?

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.

Leave a Reply