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Wall Street brokerages expect The Mosaic Company (NYSE:MOS - Get Rating) to announce $4.08 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Mosaic's earnings. The highest EPS estimate is $4.54 and the lowest is $3.60. Mosaic posted earnings of $1.17 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 248.7%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Mosaic will report full year earnings of $13.90 per share for the current year, with EPS estimates ranging from $12.45 to $15.43. For the next financial year, analysts expect that the business will report earnings of $11.85 per share, with EPS estimates ranging from $7.29 to $15.12. Zacks Investment Research's EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Mosaic.

Mosaic (NYSE:MOS - Get Rating) last issued its earnings results on Monday, May 2nd. The basic materials company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. Mosaic had a return on equity of 23.80% and a net margin of 18.99%. During the same quarter in the prior year, the firm posted $0.57 EPS.

The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.

A number of analysts have issued reports on the company. HSBC downgraded Mosaic from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $50.00 to $57.00 in a research note on Monday, March 7th. Exane BNP Paribas cut Mosaic from an "outperform" rating to a "neutral" rating and set a $82.00 target price for the company. in a report on Wednesday, April 20th. Berenberg Bank cut Mosaic from a "buy" rating to a "hold" rating and set a $50.00 target price for the company. in a report on Thursday, February 24th. Piper Sandler lifted their target price on Mosaic from $80.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, May 31st. Finally, StockNews.com began coverage on Mosaic in a report on Thursday, March 31st. They issued a "buy" rating for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Mosaic presently has an average rating of "Hold" and a consensus price target of $66.41.

NYSE:MOS traded down $0.37 during trading hours on Wednesday, reaching $56.81. The stock had a trading volume of 360,272 shares, compared to its average volume of 7,683,651. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.57 and a current ratio of 1.23. Mosaic has a 52 week low of $28.26 and a 52 week high of $79.28. The company has a 50 day moving average price of $65.12 and a two-hundred day moving average price of $52.29. The stock has a market capitalization of $20.56 billion, a PE ratio of 8.06, a PEG ratio of 0.60 and a beta of 1.57.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 16th. Investors of record on Thursday, June 2nd will be given a dividend of $0.15 per share. This is a positive change from Mosaic's previous quarterly dividend of $0.11. This represents a $0.60 annualized dividend and a yield of 1.06%. The ex-dividend date is Wednesday, June 1st. Mosaic's dividend payout ratio is currently 8.50%.

Mosaic declared that its Board of Directors has authorized a share repurchase plan on Tuesday, February 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

In other news, CEO James Calvin O'rourke sold 27,681 shares of the stock in a transaction dated Tuesday, April 12th. The stock was sold at an average price of $74.97, for a total value of $2,075,244.57. Following the transaction, the chief executive officer now directly owns 135,220 shares of the company's stock, valued at $10,137,443.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Denise C. Johnson sold 24,427 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $65.00, for a total value of $1,587,755.00. The disclosure for this sale can be found here. Insiders sold 99,039 shares of company stock worth $7,169,395 over the last three months. Corporate insiders own 0.57% of the company's stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Candriam Luxembourg S.C.A. boosted its stake in shares of Mosaic by 12.1% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 62,430 shares of the basic materials company's stock worth $2,453,000 after buying an additional 6,720 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Mosaic by 7.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 361,533 shares of the basic materials company's stock worth $14,424,000 after buying an additional 24,207 shares during the last quarter. Macquarie Group Ltd. boosted its position in Mosaic by 7.9% during the third quarter. Macquarie Group Ltd. now owns 120,272 shares of the basic materials company's stock worth $4,296,000 after purchasing an additional 8,814 shares in the last quarter. Nuveen Asset Management LLC boosted its position in Mosaic by 10.1% during the fourth quarter. Nuveen Asset Management LLC now owns 1,823,264 shares of the basic materials company's stock worth $71,636,000 after purchasing an additional 167,919 shares in the last quarter. Finally, Stanley Capital Management LLC boosted its position in Mosaic by 16.8% during the fourth quarter. Stanley Capital Management LLC now owns 256,700 shares of the basic materials company's stock worth $10,086,000 after purchasing an additional 37,000 shares in the last quarter. Hedge funds and other institutional investors own 82.54% of the company's stock.

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.

Further ReadingGet a free copy of the StockNews.com research report on Mosaic (MOS)Expedia Group: Recovering with the Travel IndustryIt’s Time To Grab The Lovesac Company By The Shorts Lightning Strikes For Thor Industries Asana posts a strong result, what you should consider before buying the stock?Heavy Buying Points to Upside for These 3 Stocks

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