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Mosaic (MOS) Declares May Sales Volumes & Revenues of Units
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The Mosaic Company (MOS - Free Report) has released May 2020 sales volume and revenue figures for its segments.
In the Potash unit, the company recorded sales volume of 810,000 tons in May, up 8.7% year over year. Revenues in the segment fell 13.7% year over year to $176 million in the month.
In the Mosaic Fertilizantes unit, sales volume rallied 39.6% year over year to 870,000 tons. Revenues in the segment fell 3.2% year over year to $259 million in May.
In Phosphates, the company reported 19.1% year-over-year decline in sales volume to 608,000 tons. Revenues in the segment declined 34.2% year over year to $214 million in May.
Shares of Mosaic have plunged 45.2% in the past year compared with the industry’s 28.5% decline.
In May, Mosaic stated that it expects depreciation, depletion and amortization of $910-$920 million for 2020. Moreover, it anticipates net interest expenses of $180-$190 million for 2020. Also, the company anticipates capital expenditure of roughly $1.2 billion for 2020.
Mosaic also expects to receive cash proceeds of up to $170 million from tax refunds and unwinding of an interest rate swap in 2020. The company also noted that it expects to achieve $50 million in Mosaic Fertilizantes' transformational savings for 2020.
Barrick has an expected earnings growth rate of 64.7% for 2020. The company’s shares have surged 81.2% in the past year.
Royal Gold has an expected earnings growth rate of 66.2% for fiscal 2020. Its shares have returned 34.7% in the past year.
Franco-Nevada has an expected earnings growth rate of 19.2% for 2020. The company’s shares have surged 72.3% in the past year.
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A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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Mosaic (MOS) Declares May Sales Volumes & Revenues of Units
The Mosaic Company (MOS - Free Report) has released May 2020 sales volume and revenue figures for its segments.
In the Potash unit, the company recorded sales volume of 810,000 tons in May, up 8.7% year over year. Revenues in the segment fell 13.7% year over year to $176 million in the month.
In the Mosaic Fertilizantes unit, sales volume rallied 39.6% year over year to 870,000 tons. Revenues in the segment fell 3.2% year over year to $259 million in May.
In Phosphates, the company reported 19.1% year-over-year decline in sales volume to 608,000 tons. Revenues in the segment declined 34.2% year over year to $214 million in May.
Shares of Mosaic have plunged 45.2% in the past year compared with the industry’s 28.5% decline.
In May, Mosaic stated that it expects depreciation, depletion and amortization of $910-$920 million for 2020. Moreover, it anticipates net interest expenses of $180-$190 million for 2020. Also, the company anticipates capital expenditure of roughly $1.2 billion for 2020.
Mosaic also expects to receive cash proceeds of up to $170 million from tax refunds and unwinding of an interest rate swap in 2020. The company also noted that it expects to achieve $50 million in Mosaic Fertilizantes' transformational savings for 2020.
Zacks Rank & Key Picks
Mosaic currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the basic materials space are Barrick Gold Corporation (GOLD - Free Report) , Royal Gold, Inc. (RGLD - Free Report) and Franco-Nevada Corporation (FNV - Free Report) , all carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Barrick has an expected earnings growth rate of 64.7% for 2020. The company’s shares have surged 81.2% in the past year.
Royal Gold has an expected earnings growth rate of 66.2% for fiscal 2020. Its shares have returned 34.7% in the past year.
Franco-Nevada has an expected earnings growth rate of 19.2% for 2020. The company’s shares have surged 72.3% in the past year.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>