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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.

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.

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