What is Scotiabank’s Forecast for Mosaic Q4 Earnings?

The Mosaic Company (NYSE:MOS) – Stock analysts at Scotiabank issued their Q4 2024 earnings per share estimates for Mosaic in a report released on Wednesday, January 29th. Scotiabank analyst B. Isaacson forecasts that the basic materials company will earn $0.57 per share for the quarter. The consensus estimate for Mosaic’s current full-year earnings is $2.05 per share.

A number of other research analysts have also commented on the stock. Mizuho raised their price objective on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Barclays downgraded shares of Mosaic from an “overweight” rating to an “underweight” rating and cut their price target for the company from $30.00 to $27.00 in a report on Tuesday, January 21st. CIBC started coverage on shares of Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective on the stock. Oppenheimer started coverage on shares of Mosaic in a research note on Thursday, December 12th. They set a “market perform” rating for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.09.

Mosaic Trading Up 1.9 %

Shares of MOS stock opened at $28.71 on Thursday. Mosaic has a 1 year low of $23.56 and a 1 year high of $33.44. The firm has a market capitalization of $9.12 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.49 and a beta of 1.34. The stock has a fifty day moving average of $25.94 and a two-hundred day moving average of $26.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the firm posted $0.68 EPS. The business’s quarterly revenue was down 20.8% on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Brooklyn Investment Group boosted its stake in shares of Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after buying an additional 587 shares during the period. R Squared Ltd purchased a new stake in shares of Mosaic during the fourth quarter worth $33,000. Tobam acquired a new stake in Mosaic during the fourth quarter valued at $38,000. Heck Capital Advisors LLC purchased a new position in Mosaic in the fourth quarter valued at about $41,000. Finally, Blue Trust Inc. increased its position in Mosaic by 46.4% in the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 570 shares during the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Thursday, March 6th. This is a boost from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is 74.34%.

About Mosaic

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 Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.