Nutrien (NTR) Scheduled to Post Earnings on Wednesday

Nutrien (TSE:NTR) is set to announce its 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 released its earnings results on Wednesday, August 7th. The company reported C$3.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of C$13.90 billion for the quarter, compared to analyst estimates of C$14.92 billion.

Nutrien Trading Down 1.1 %

TSE NTR opened at C$66.40 on Wednesday. The stock has a market capitalization of C$32.85 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The firm has a 50 day moving average of C$64.99 and a two-hundred day moving average of C$69.70. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$83.14. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 53.14.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 27th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Friday, September 27th. Nutrien’s dividend payout ratio (DPR) is 132.13%.

Insider Transactions at Nutrien

In other Nutrien news, Senior Officer Mark Thompson acquired 3,155 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were acquired at an average cost of C$63.79 per share, for a total transaction of C$201,257.45. In other news, Director Keith Martell bought 1,250 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of C$65.23 per share, with a total value of C$81,537.50. Also, Senior Officer Mark Thompson purchased 3,155 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were purchased at an average cost of C$63.79 per share, for a total transaction of C$201,257.45. Insiders have purchased a total of 12,710 shares of company stock valued at $814,824 in the last ninety days. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on NTR. Wells Fargo & Company lowered 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. The Goldman Sachs Group downgraded 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 report on Tuesday, July 16th. Finally, UBS Group cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Nutrien currently has a consensus rating of “Hold” and a consensus price target of C$64.50.

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.