Nutrien (NTR) to Release Earnings on Wednesday

Nutrien (NYSE:NTR) is set to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.15. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The business had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.82 billion. During the same period last year, the business posted $2.53 earnings per share. The business’s revenue for the quarter was down 12.9% on a year-over-year basis. On average, analysts expect Nutrien to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Nutrien Trading Down 1.4 %

Shares of Nutrien stock opened at $47.70 on Wednesday. The stock has a market capitalization of $23.56 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.56 and a beta of 0.82. Nutrien has a 52-week low of $44.65 and a 52-week high of $60.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. The stock’s 50-day simple moving average is $47.83 and its 200 day simple moving average is $50.77.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 27th were given a dividend of $0.54 per share. The ex-dividend date was Friday, September 27th. This represents a $2.16 annualized dividend and a dividend yield of 4.53%. Nutrien’s dividend payout ratio is currently 126.32%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NTR shares. Wells Fargo & Company cut Nutrien from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $62.00 to $50.00 in a research report on Tuesday, September 24th. TD Securities decreased their target price on Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Mizuho dropped their price target on Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. UBS Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $66.00 to $51.00 in a research report on Thursday, October 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research report on Friday, September 20th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $60.67.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.