Mosaic on the Street: Analyst Recommendations and Price Targets
As of April 21, 11 analysts have issued “hold” recommendations for Mosaic stock, while six analysts have issued “sell” recommendations.
For 1Q17, analysts estimate that Mosaic (MOS) will report gross income of $181 million—down from $237 million in 1Q16.
For fiscal 2017, analysts are estimating that Mosaic’s EPS will come in at $0.97, which would translate into a growth of 23% YoY from $0.79.
Mosaic’s forward EV-to-EBITDA ratio as of April 21 was ~10.1x, which was down from the company’s recent peak of ~13.8x in January 2017.
For 1Q17, Wall Street analysts are expecting Mosaic to report $1.7 billion in sales, which would almost be flat compared to its sales in 1Q16.
Mosaic is expected to report EPS (earnings per share) of $0.17, which would represent a growth of 21% from $0.14 in 1Q16.
At 7:30 AM EST on April 25, the West Texas Intermediate crude oil futures contract for June 2017 delivery was trading at $49.26 per barrel—a gain of ~0.04%.
The Fertilizer Affordability Index remained lower for the week ending April 21. Fertilizers were more affordable than the base year.
Last week, potash prices continued to show weakness week-over-week. Prices were broadly flat to positive for the week ending April 21.
MAP prices in Brazil continued to fall for the week ending April 21. MAP prices continued to drift away from the peak of $400 earlier this year.
For the week ending April 21, DAP prices were mostly negative. Overall, prices fell by as much as 52 basis points week-over-week.
Natural gas prices trended lower week-over-week for the week ending April 24. Summer months are usually less demanding for natural gas.
Granular urea prices at the US NOLA (New Orleans) had the largest fall last week. Granular urea prices fell as much as 6.3% week-over-week.
The week ending April 21, 2017, was broadly negative for agricultural fertilizer stocks. The VanEck Vectors Agribusiness ETF (MOO) fell by 61 basis points.
Alcoa (AA) expects to generate adjusted EBITDA between $2.1 billion and $2.3 billion in fiscal 2017. Alcoa assumed aluminum prices at $1,900 per metric ton.
Alcoa (AA) released its 1Q17 earnings on April 24 after the markets (MDY) (MID-INDEX) closed. It held the conference call the same day.
Alcoa (AA) reported its 1Q17 financial results on April 24. Alcoa reported adjusted net income of $117 million in 1Q17, which translates into EPS of $0.63.
Air Products and Chemicals (APD) announced that it will build—along with its joint venture partner in India, Inox Air Products LTD—six new air separation units in India.
Praxair (PX) announced that it had begun a 2,400-ton-per-day air separation unit at Burns Harbor, Indiana.
Among all the categories of precious metal miners, South African miners have outperformed other categories of miners. As a group, they rose 12.2% in 1Q17.