Nutrien (NTR) to Release Earnings on Wednesday

Nutrien (TSE:NTR) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Nutrien to post earnings of C$0.59 per share for the quarter.

Nutrien (TSE:NTR) last issued its earnings results on Wednesday, August 7th. The company reported C$3.18 earnings per share for the quarter, topping the consensus estimate of C$2.87 by C$0.31. Nutrien had a net margin of 3.06% and a return on equity of 3.22%. The company had revenue of C$13.90 billion during the quarter, compared to the consensus estimate of C$14.92 billion.

Nutrien Stock Performance

TSE:NTR opened at C$66.40 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.65 and a debt-to-equity ratio of 53.14. Nutrien has a 12-month low of C$60.74 and a 12-month high of C$83.14. The stock has a 50-day moving average price of C$64.99 and a 200 day moving average price of C$69.70. The stock has a market capitalization of C$32.85 billion, a P/E ratio of 30.05, a P/E/G ratio of 1.15 and a beta of 0.95.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 27th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 3.25%. Nutrien’s payout ratio is 132.13%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NTR shares. Mizuho raised Nutrien from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 16th. Wells Fargo & Company downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Hsbc Global Res raised Nutrien to a “moderate sell” rating in a research report on Friday, August 2nd. The Goldman Sachs Group downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Finally, UBS Group lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$64.50.

Insider Buying and Selling

In related news, Senior Officer Mark Thompson bought 630 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of C$62.61 per share, with a total value of C$39,444.30. In other Nutrien news, Director Keith Martell purchased 1,250 shares of Nutrien stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average price of C$65.23 per share, with a total value of C$81,537.50. Also, Senior Officer Mark Thompson acquired 630 shares of the company’s stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of C$62.61 per share, for a total transaction of C$39,444.30. Insiders acquired a total of 12,710 shares of company stock valued at $814,824 over the last 90 days. Insiders own 0.03% of the company’s stock.

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.