Equities Analysts Issue Forecasts for Nutrien Q4 Earnings

Nutrien Ltd. (TSE:NTR) – Analysts at Scotiabank issued their Q4 2024 earnings estimates for Nutrien in a research report issued on Wednesday, January 29th. Scotiabank analyst B. Isaacson expects that the company will post earnings per share of $0.42 for the quarter. The consensus estimate for Nutrien’s current full-year earnings is $5.34 per share.

Several other brokerages also recently commented on NTR. Barclays downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. UBS Group downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Piper Sandler upgraded shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Nutrien currently has an average rating of “Hold” and a consensus target price of C$64.50.

Nutrien Trading Down 1.1 %

Nutrien stock opened at C$75.75 on Thursday. The business’s 50-day simple moving average is C$68.50 and its 200-day simple moving average is C$66.92. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$83.14. The firm has a market capitalization of C$37.48 billion, a PE ratio of 34.28, a PEG ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 53.14, a quick ratio of 0.65 and a current ratio of 1.26.

Nutrien (TSE:NTR) last posted its earnings results on Wednesday, November 6th. The company reported C$0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.06). Nutrien had a net margin of 3.06% and a return on equity of 3.22%. During the same quarter last year, the business earned $0.47 earnings per share.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Tuesday, December 31st. Nutrien’s dividend payout ratio is 132.13%.

Insider Transactions at Nutrien

In other news, Senior Officer Mark Thompson bought 490 shares of Nutrien stock in a transaction dated Monday, November 18th. The shares were bought at an average price of C$63.99 per share, for a total transaction of C$31,355.10. Also, Director Kenneth Alvin Seitz bought 10,490 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were purchased at an average price of C$64.04 per share, with a total value of C$671,779.60. In the last three months, insiders acquired 11,175 shares of company stock valued at $716,056. Company insiders own 0.03% of the company’s stock.

About Nutrien

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.