Zacks Research Issues Negative Forecast for Nutrien Earnings

Nutrien Ltd. (TSE:NTR) – Stock analysts at Zacks Research cut their Q4 2024 EPS estimates for shares of Nutrien in a report released on Tuesday, November 19th. Zacks Research analyst M. Agrawal now anticipates that the company will post earnings of $0.53 per share for the quarter, down from their previous estimate 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.

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

Nutrien Stock Performance

TSE:NTR opened at C$65.61 on Thursday. Nutrien has a 12-month low of C$60.74 and a 12-month high of C$83.14. The firm 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. The firm has a 50-day moving average price of C$65.67 and a 200 day moving average price of C$68.98. 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 Announces Dividend

The business 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 dividend yield of 3.29%. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s dividend payout ratio is currently 132.13%.

Insider Buying and Selling

In other Nutrien news, Senior Officer Mark Thompson bought 3,350 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were bought at an average cost of C$64.49 per share, for a total transaction of C$216,041.50. Also, Director Keith Martell purchased 1,250 shares of the stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of C$65.23 per share, with a total value of C$81,537.50. Insiders purchased 8,900 shares of company stock worth $572,331 in the last quarter. Insiders own 0.03% of the company’s stock.

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.