Mosaic Co (NYSE:MOS) Declares $0.05 Quarterly Dividend
Mosaic Co (NYSE:MOS) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Investors of record on Thursday, December 5th will be given a dividend of 0.05 per share by the basic materials company on Thursday, December 19th. This represents a $0.20 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, December 4th.
MOS opened at $18.99 on Tuesday. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 5.18 and a beta of 1.62. The business’s 50-day moving average price is $19.83 and its two-hundred day moving average price is $21.36. Mosaic has a 1 year low of $17.36 and a 1 year high of $37.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.51 and a quick ratio of 0.67.
Mosaic (NYSE:MOS) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.02). Mosaic had a negative net margin of 0.36% and a positive return on equity of 4.48%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the business posted $0.75 EPS. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Mosaic will post 0.53 earnings per share for the current fiscal year.
A number of brokerages have recently commented on MOS. JPMorgan Chase & Co. cut shares of Mosaic from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $20.00 to $18.00 in a report on Wednesday, November 13th. BMO Capital Markets set a $27.00 price target on shares of Mosaic and gave the company a “hold” rating in a research note on Wednesday, August 7th. Cfra reissued a “buy” rating and set a $26.00 price target on shares of Mosaic in a research report on Thursday, November 7th. CIBC restated a “buy” rating and set a $25.00 price objective on shares of Mosaic in a research note on Thursday, November 7th. Finally, ValuEngine upgraded Mosaic from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $27.63.
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.
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