Q4 Earnings Forecast for Nutrien Issued By Scotiabank

Nutrien Ltd. (NYSE:NTR) – Equities researchers at Scotiabank issued their Q4 2024 EPS estimates for shares of Nutrien in a research report issued on Wednesday, January 29th. Scotiabank analyst B. Isaacson anticipates that the company will post earnings per share of $0.29 for the quarter. The consensus estimate for Nutrien’s current full-year earnings is $3.50 per share.

Several other research analysts have also commented on NTR. Piper Sandler lifted their price objective on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday. Oppenheimer assumed coverage on shares of Nutrien in a research note on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target for the company. TD Securities cut their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Wells Fargo & Company raised their price objective on shares of Nutrien from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Barclays reaffirmed an “equal weight” rating and set a $56.00 target price (up previously from $55.00) on shares of Nutrien in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Nutrien currently has an average rating of “Moderate Buy” and a consensus price target of $58.94.

Nutrien Price Performance

Shares of Nutrien stock opened at $52.31 on Thursday. The stock has a market cap of $25.69 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 1.17 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The stock has a 50 day moving average price of $48.03 and a 200-day moving average price of $48.06. Nutrien has a one year low of $43.69 and a one year high of $60.87.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter in the prior year, the business posted $0.35 EPS. The company’s revenue was down 5.0% on a year-over-year basis.

Hedge Funds Weigh In On Nutrien

Several institutional investors have recently bought and sold shares of the business. Silchester International Investors LLP boosted its position in Nutrien by 164.4% during the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after acquiring an additional 6,642,075 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Nutrien during the 3rd quarter worth $150,181,000. ARGA Investment Management LP boosted its position in Nutrien by 25.7% during the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock valued at $270,396,000 after purchasing an additional 1,236,671 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in Nutrien by 78.8% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock valued at $121,271,000 after purchasing an additional 1,100,000 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in Nutrien by 11.9% in the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock valued at $202,830,000 after purchasing an additional 447,413 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a $0.939 dividend. This represents a $3.76 annualized dividend and a dividend yield of 7.18%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio is presently 144.97%.

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.