Zacks Research Has Bearish Outlook for Nutrien Q4 Earnings

Nutrien Ltd. (TSE:NTR) – Research analysts at Zacks Research cut their Q4 2024 EPS estimates for shares of Nutrien in a note issued to investors on Tuesday, November 19th. Zacks Research analyst M. Agrawal now anticipates that the company will post earnings per share of $0.53 for the quarter, down from their prior forecast of $0.69. The consensus estimate for Nutrien’s current full-year earnings is $5.34 per share. Zacks Research also issued estimates for Nutrien’s Q1 2025 earnings at $0.43 EPS, Q2 2025 earnings at $2.74 EPS, Q4 2025 earnings at $1.00 EPS and FY2025 earnings at $4.93 EPS.

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

Nutrien Trading Up 0.2 %

TSE NTR opened at C$65.61 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.65 and a debt-to-equity ratio of 53.14. Nutrien has a 1-year low of C$60.74 and a 1-year high of C$83.14. The firm’s fifty day simple moving average is C$65.67 and its 200-day simple moving average is C$68.98. The company has a market capitalization of C$32.46 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95.

Insider Activity at Nutrien

In other news, Director Keith Martell bought 1,250 shares of the business’s stock in a transaction 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 acquired 3,350 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average price of C$64.49 per share, for a total transaction of C$216,041.50. In the last ninety days, insiders have purchased 8,900 shares of company stock valued at $572,331. Corporate insiders own 0.03% of the company’s stock.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend payout ratio is 132.13%.

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.