The Mosaic Company (NYSE:MOS) expected to post quarterly sales of $4.07 billion

Analysts predict that The Mosaic Company (NYSE:MOS – Get a rating) will bring in $4.07 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates of Mosaic’s earnings, with estimates ranging from $3.63 billion to $4.25 billion. Mosaic recorded sales of $2.30 billion in the same quarter last year, indicating a positive growth rate of 77% year-over-year. The company is expected to announce its next quarterly results on Monday, May 2.

According to Zacks, analysts expect Mosaic to report annual sales of $17.66 billion for the current fiscal year, with estimates ranging from $14.65 billion to $19.62 billion. For next year, analysts expect the company to post sales of $13.44 billion, with estimates ranging from $10.75 billion to $16.12 billion. Zacks Investment Research sales calculations are an average based on a survey of research analysts who provide coverage for Mosaic.

Mosaic (NYSE: MOS – Get a rating) last released its quarterly results on Tuesday, February 22. The basic materials company reported earnings per share (EPS) of $1.95 for the quarter, missing the consensus estimate of $1.98 per ($0.03). Mosaic had a return on equity of 18.45% and a net margin of 13.19%. The company posted revenue of $3.84 billion for the quarter, versus $3.93 billion expected by analysts. In the same period a year earlier, the company had earned earnings per share of $0.57. The company’s revenue for the quarter increased 56.3% year over year.

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Several research analysts have weighed in on MOS shares. UBS Group raised its price target on Mosaic shares from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, January 4. Citigroup raised its price target on shares of Mosaic from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday. Mizuho raised its price target on Mosaic shares from $55.00 to $59.00 and gave the stock a “buy” rating in a Tuesday, February 15, research report. Berenberg Bank downgraded Mosaic’s shares from a “buy” rating to a “hold” rating and set a target price of $50.00 for the stock. in a research report Thursday. Finally, Morgan Stanley raised its price target on Mosaic shares from $37.00 to $40.00 and gave the stock an “equal weight” rating in a Monday, December 6 research report. One research analyst has assigned the stock a sell rating, five have assigned a hold rating and eight have assigned the company’s stock a buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $46.29.

In related news, please Mark J. Isaacson sold 40,094 shares of the company in a transaction on Tuesday, February 8. The shares were sold at an average price of $45.00, for a total transaction of $1,804,230.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. 0.57% of the shares are currently held by insiders of the company.

A number of institutional investors and hedge funds have recently increased or reduced their stake in MOS. AlphaCentric Advisors LLC acquired a new position in Mosaic during Q4 worth $239,000. JustInvest LLC increased its stake in Mosaic by 22.5% during the 4th quarter. JustInvest LLC now owns 24,349 shares of the basic materials company worth $957,000 after acquiring 4,480 additional shares last quarter. BlackRock Inc. increased its stake in Mosaic by 4.2% during the fourth quarter. BlackRock Inc. now owns 28,680,742 shares of the basic materials company worth $1,126,867,000 after acquiring 1,152,402 more shares last quarter. Vident Investment Advisory LLC increased its stake in Mosaic by 8.0% during the 4th quarter. Vident Investment Advisory LLC now owns 27,153 shares of the basic materials company worth $1,067,000 after acquiring 2,009 additional shares last quarter. Finally, Wexford Capital LP acquired a new position in Mosaic during the 4th quarter at a value of $3,536,000. 73.75% of the shares are held by institutional investors and hedge funds.

Shares of MOS opened at $49.53 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt ratio of 0.31. The company’s 50-day moving average is $42.00 and its two-hundred-day moving average is $38.14. Mosaic has a 12-month low of $28.05 and a 12-month high of $49.57. The company has a market capitalization of $18.77 billion, a P/E ratio of 11.57, a PEG ratio of 0.73 and a beta of 1.71.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 17. Investors of record on Thursday, March 3 will receive a dividend of $0.112 per share. This represents a dividend of $0.45 on an annualized basis and a yield of 0.90%. This is a positive change from Mosaic’s previous quarterly dividend of $0.08. The ex-date of this dividend is Wednesday, March 2. Mosaic’s dividend payout ratio (DPR) is currently 7.01%.

Mosaic announced that its board of directors authorized a stock repurchase plan on Tuesday, February 22 that sees the company repurchase $1.00 billion in stock. This repurchase authorization allows the basic materials company to repurchase up to 6% of its shares through purchases on the open market. Stock buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Mosaic Company Profile (Get a rating)

The Mosaic Co is engaged in the production and marketing of concentrated phosphate and potash nutrients. The Company operates through its wholly and majority owned subsidiaries. It operates through the following segments: Phosphates, Potash and Mosaic Fertilizantes. The Phosphates segment owns and operates mines and production facilities in North America that produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, as well as concentrated crop nutrients.

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