Nutrien (NTR) to Release Quarterly Earnings on Wednesday

Nutrien (NYSE:NTR) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

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

Nutrien Stock Down 1.4 %

Shares of Nutrien stock opened at $47.70 on Wednesday. The company has a market cap of $23.56 billion, a P/E ratio of 27.89, a PEG ratio of 1.56 and a beta of 0.82. Nutrien has a 52-week low of $44.65 and a 52-week high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average price is $47.83 and its 200-day moving average price is $50.77.

Nutrien Dividend Announcement

The firm 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 4.53%. Nutrien’s dividend payout ratio is presently 126.32%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $66.00 to $51.00 in a report on Thursday, October 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a report on Friday, September 20th. Scotiabank lowered their target price on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 12th. Mizuho lowered their price target on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, HSBC downgraded shares of Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $60.67.

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.