The Clsa Americas Analysts Cut Earnings Estimates for the Mosaic Co. (MOS)

The Clsa Americas Analysts Cut Earnings Estimates for the Mosaic Co. (MOS)

Mosaic Co. (NYSE:MOS) – Investment analysts at Clsa Americas lowered their FY2016 earnings per share estimates for shares of Mosaic in a research report issued on Tuesday. Clsa Americas analyst M. Connelly now expects that the brokerage will post earnings per share of $0.71 for the year, down from their previous estimate of $0.74. Clsa Americas also issued estimates for Mosaic’s FY2017 earnings at $1.07 EPS.

Other equities analysts also recently issued research reports about the stock. Sanford C. Bernstein reissued an “overweight” rating on shares of Mosaic in a report on Friday. Zacks Investment Research downgraded shares of Mosaic from a “buy” rating to a “hold” rating in a report on Thursday. Credit Suisse Group AG set a $19.00 price objective on shares of Mosaic and gave the stock a “sell” rating in a report on Tuesday. Sidoti downgraded shares of Mosaic from a “sector perform” rating to an “underperform” rating and set a $23.00 price objective on the stock. in a report on Tuesday, December 13th. Finally, Cowen and Company lifted their price target on shares of Mosaic from $21.00 to $25.00 and gave the company an “underperform” rating in a report on Friday, December 9th. Eleven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $25.69.

Shares of Mosaic (NYSE:MOS) traded down 1.19% during trading on Friday, hitting $29.00. 1,422,838 shares of the stock were exchanged. The firm has a 50 day moving average of $28.18 and a 200-day moving average of $26.93. The stock has a market cap of $10.16 billion, a PE ratio of 23.11 and a beta of 1.32. Mosaic has a 52-week low of $22.02 and a 52-week high of $31.54.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.23. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.92 billion. Mosaic had a net margin of 5.91% and a return on equity of 3.78%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Stockholders of record on Thursday, March 2nd will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Tuesday, February 28th. Mosaic’s dividend payout ratio is currently 88.00%.

Hedge funds have recently added to or reduced their stakes in the company. Auxier Asset Management raised its stake in Mosaic by 20.5% in the third quarter. Auxier Asset Management now owns 77,730 shares of the company’s stock worth $1,901,000 after buying an additional 13,205 shares during the period. D.A. Davidson & CO. raised its stake in Mosaic by 42.0% in the third quarter. D.A. Davidson & CO. now owns 119,630 shares of the company’s stock worth $2,924,000 after buying an additional 35,405 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Mosaic by 534.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,035,217 shares of the company’s stock worth $98,701,000 after buying an additional 3,399,549 shares during the period. LPL Financial LLC raised its stake in Mosaic by 35.8% in the third quarter. LPL Financial LLC now owns 39,447 shares of the company’s stock worth $972,000 after buying an additional 10,401 shares during the period. Finally, Credit Suisse AG raised its stake in Mosaic by 42.9% in the third quarter. Credit Suisse AG now owns 710,084 shares of the company’s stock worth $17,367,000 after buying an additional 213,194 shares during the period. 90.25% of the stock is owned by institutional investors.

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