Zacks Research Has Weak Outlook for Nutrien FY2024 Earnings

Nutrien Ltd. (NYSE:NTR) – Investment analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for Nutrien in a report issued on Tuesday, November 19th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $3.54 for the year, down from their prior forecast of $3.76. The consensus estimate for Nutrien’s current full-year earnings is $3.56 per share. Zacks Research also issued estimates for Nutrien’s Q3 2025 earnings at $0.54 EPS.

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

Several other analysts have also commented on NTR. TD Securities decreased their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. HSBC lowered shares of Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. The Goldman Sachs Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and cut their price target for the company from $69.00 to $53.00 in a report on Tuesday, September 10th. UBS Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $66.00 to $51.00 in a research note on Thursday, October 10th. Finally, Barclays cut their target price on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Nutrien has an average rating of “Hold” and an average target price of $60.33.

Nutrien Stock Up 0.1 %

NYSE NTR opened at $46.93 on Friday. Nutrien has a 1-year low of $44.65 and a 1-year high of $60.87. The company has a market capitalization of $23.18 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 1.65 and a beta of 0.82. The stock’s 50 day moving average is $48.01 and its two-hundred day moving average is $50.15. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a yield of 8.00%. This is a boost from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio (DPR) is 144.97%.

Hedge Funds Weigh In On Nutrien

Institutional investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division bought a new position in Nutrien during the 3rd quarter worth approximately $28,000. Family Firm Inc. bought a new position in shares of Nutrien during the second quarter worth $32,000. Trust Co. of Vermont grew its holdings in shares of Nutrien by 50.0% in the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock valued at $46,000 after buying an additional 300 shares during the period. Covestor Ltd increased its position in shares of Nutrien by 33.3% in the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after buying an additional 233 shares in the last quarter. Finally, Andra AP fonden acquired a new stake in Nutrien during the 2nd quarter worth $51,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

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.