New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 24, 2014
06:07 EDTPOTPotash reports Q1 EPS 40c, consensus 35c
Reports Q1 revenue $1.68B, consensus $1.49B. Gross margin for the quarter totaled $565M, below the $867M generated during Q1 of 2013. The company said, "Despite an improving environment for both demand and pricing compared to the final quarter of 2013, realizations in all three nutrient segments lagged behind those of the first quarter last year and negatively impacted our earnings." Potash production reached 2.4M tonnes, exceeding the 2.0M tonnes produced in 2013's Q1. The company said, "Higher operating rates, savings from workforce changes, optimization of tonnage from our lower-cost facilities and a favorable impact from a weakened Canadian dollar improved our per-tonne costs by 13 percent compared to the same period last year."
News For POT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 29, 2015
06:40 EDTPOTPotash sees FY15 CapEx $1.2B
Subscribe for More Information
06:40 EDTPOTPotash sees FY15 potash sales volumes of 9.2M-9.7M tonnes
Sees FY15 potash gross margin to reach $1.5B-$1.8B. In nitrogen, the potential for fewer supply-related disruptions, lower global energy prices and slightly weaker agricultural fundamentals could result in a more tempered pricing environment in 2015. Anticipates that gross margin in nitrogen will trail the record level achieved in 2014. Sees combined nitrogen and phosphate gross margin will be in the range of $1.1B-$1.3B in 2015, relatively flat with 2014.
06:38 EDTPOTPotash enters 2015 with 'positive, albeit moderated, view' for business
Subscribe for More Information
06:04 EDTPOTPotash sees FY15 EPS $1.90-$2.20, consensus $2.12
06:03 EDTPOTPotash sees Q1 EPS 45c-55c, consensus 50c
Subscribe for More Information
06:02 EDTPOTPotash reports Q4 EPS 49c, consensus 46c
Subscribe for More Information
January 28, 2015
17:26 EDTPOTPotash raises quarterly dividend approximately 9% to 38c from 35c per share
The dividend is payable May 4 to shareholders of record on April 13.
12:50 EDTPOTEarnings Preview: Potash sees 'strong customer engagement' in Q4
Subscribe for More Information
January 20, 2015
08:26 EDTPOTAgrium preferred over Potash, Mosaic at Canaccord
Canaccord said they prefer Agrium (AGU) over both Potash (POT) and Mosaic (MOS). Mosaic raised its guidance due to its phosphate business, but with a lack of catalysts expected in the potash market in 2015 the firm continues to see solid growth volume, increasing nitrogen margins, and free cash flow expansion for Agrium. Canaccord maintains its Buy rating on Agrium and its Hold rating on both Mosaic and Potash shares.
January 19, 2015
16:28 EDTPOTMosaic raises Q4 EPS outlook to 83c-88c, consensus 57c
The Mosaic Company announced that it expects reported phosphates volume and phosphates and potash margins to exceed previously provided guidance ranges, and that potash volumes will be at the high end of guidance range, resulting in Q4 earnings per share in the range of 93c-98c, including 10c in net benefits from notable items. The notable items include early estimates of discrete tax benefits, primarily related to the acquisition of a Brazilian distribution business, which may change. The company expect earnings, excluding notable items, to be in the range of 83c-88c. The consensus EPS estimate is 57c..Mosaic stated, "Demand for potash and phosphates exceeded our expectations during the fourth quarter,. We were cautiously optimistic going into the fall application season with good crop nutrient affordability and an empty supply chain, but customers came to the market in force, as they sought to position inventory in anticipation of a strong spring season and increasing crop nutrient prices...Our Phosphates business sold 3.3 million tonnes of finished product during the quarter - well above our expectations - and our Potash business produced at a high operating rate due to a successful proving run at the Colonsay mine." Mosaic's peers include Potash (POT) and Agrium (AGU).

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use