Mosaic Co.’s (NYSE:MOS) fiscal 1Q earnings declined 18% as the fertilizer producer’s revenue were weighed lower by mostly depreciated phosphate volumes and prices.
Stock of the company was 1.7% lower at $57 in premarket trading as the results were below targets. Though, after Monday’s closing bell, the stock was higher 31% from a 52-week low in June as increasing corn prices have boosted shares in the industry in past few months.
In the recently ended quarter, phosphate net sales moved lower 30% while sales volume was 16% lower.
Its competitors include Potash Corp./Saskatchewan (USA) (NYSE:POT) that declined -2.88% to $42.42 with the total traded volume of 2.72 million shares.
Other Basic Materials stocks with bullish trend include Kinross Gold Corporation (USA) (NYSE:KGC) up +2.22% to $10.60, Halliburton Company (NYSE:HAL) up +0.12% to $33.72 and Arch Coal Inc (NYSE:ACI) up +0.48% to $6.30, whereas with bearish trend include Alpha Natural Resources, Inc. (NYSE:ANR) down -1.82% to $6.48, Alcoa Inc. (NYSE:AA) down -0.45% to $8.87 and Vale SA (ADR) (NYSE:VALE) down -0.61% to $17.88.
Mosaic Co (NYSE:MOS) after opening at $56.19 hit high price of $57.37 and then trading at $55.39 by plunging -4.43% and on current session volume of 5.32 million shares is higher than its average volume of 3.86 million shares.
The stock price volatility was 1.87% for a week and 2.23% for a month as well as price volatility’s Average True Range for 14 days was 1.25 and its beta remained 1.29.
The liquidity measure in recent quarter results of the company was recorded 3.43 as current ratio and on the other side the debt to equity ratio was 0.09 and long-term debt to equity ratio also remained 0.08. The Company had total cash at hand $3.81 billion and a book value per share as $28.16 in the most recent quarter.
MOS generated revenue of 11.11 billion in the following twelve months and earned $1.93 billion. The Company showed a positive 17.26% in the net profit margin and as well as in its operating margin which remained 23.51%. Company’s annual sales growth for the past five year was 13.98%.
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