Nutrien (NTR) to Release Earnings on Wednesday

Nutrien (NYSE:NTR) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.15. The company had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. Nutrien’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.53 EPS. On average, analysts expect Nutrien to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Nutrien Stock Up 1.4 %

Shares of NTR opened at $48.36 on Monday. Nutrien has a 12-month low of $44.65 and a 12-month high of $60.87. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $23.88 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82. The business’s 50 day moving average is $47.85 and its 200 day moving average is $50.69.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 27th were issued 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 dividend yield of 4.47%. Nutrien’s dividend payout ratio (DPR) is 135.00%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NTR. Royal Bank of Canada restated an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research report on Friday, September 20th. UBS Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and cut their price objective for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. The Goldman Sachs Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $69.00 to $53.00 in a research note on Tuesday, September 10th. Scotiabank dropped their price objective on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a report on Monday, August 12th. Finally, BMO Capital Markets lowered their target price on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.67.

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.