Raymond James Has Pessimistic Outlook of Nutrien Q3 Earnings

Nutrien Ltd. (TSE:NTR) – Research analysts at Raymond James dropped their Q3 2024 earnings per share (EPS) estimates for Nutrien in a report issued on Monday, November 4th. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $0.65 for the quarter, down from their previous forecast of $0.79. The consensus estimate for Nutrien’s current full-year earnings is $5.34 per share. Raymond James also issued estimates for Nutrien’s Q4 2024 earnings at $0.76 EPS, FY2024 earnings at $5.21 EPS and FY2025 earnings at $5.16 EPS.

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

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

Nutrien Stock Down 1.4 %

Shares of TSE:NTR opened at C$69.05 on Tuesday. The firm has a market capitalization of C$34.16 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. Nutrien has a 1 year low of C$60.74 and a 1 year high of C$83.14. The company has a debt-to-equity ratio of 53.14, a current ratio of 1.26 and a quick ratio of 0.65. The firm’s 50-day moving average is C$65.36 and its two-hundred day moving average is C$69.46.

Insider Buying and Selling at Nutrien

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

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.13%. Nutrien’s dividend payout ratio (DPR) is 132.13%.

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.