$3.58 Billion in Sales Expected for Nutrien Ltd. (NYSE:NTR) This Quarter


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Wall Street brokerages expect Nutrien Ltd. (NYSE:NTR) to post $3.58 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Nutrien’s earnings. The highest sales estimate is $3.84 billion and the lowest is $3.34 billion. Nutrien posted sales of $3.44 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.1%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, February 17th.

On average, analysts expect that Nutrien will report full-year sales of $20.05 billion for the current year, with estimates ranging from $19.50 billion to $20.65 billion. For the next year, analysts expect that the business will report sales of $21.47 billion, with estimates ranging from $19.89 billion to $23.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Nutrien.

A number of research firms have issued reports on NTR. Royal Bank of Canada lifted their target price on shares of Nutrien from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, January 15th. TD Securities boosted their price objective on shares of Nutrien from $47.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, December 1st. TheStreet upgraded shares of Nutrien from a “d+” rating to a “c-” rating in a research note on Friday, December 18th. Susquehanna Bancshares lowered shares of Nutrien from a “positive” rating to a “neutral” rating in a research report on Thursday, December 3rd. Finally, Morgan Stanley boosted their target price on shares of Nutrien from $50.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Nutrien currently has an average rating of “Buy” and an average price target of $49.67.

A number of hedge funds and other institutional investors have recently made changes to their positions in NTR. Jarislowsky Fraser Ltd raised its holdings in shares of Nutrien by 2.3% during the 3rd quarter. Jarislowsky Fraser Ltd now owns 13,822,829 shares of the company’s stock worth $540,290,000 after buying an additional 317,175 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Nutrien by 9.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 9,349,651 shares of the company’s stock worth $366,546,000 after purchasing an additional 800,767 shares in the last quarter. Black Creek Investment Management Inc. increased its holdings in Nutrien by 4.2% in the 3rd quarter. Black Creek Investment Management Inc. now owns 8,752,120 shares of the company’s stock worth $342,091,000 after purchasing an additional 349,738 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Nutrien by 20.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 7,325,325 shares of the company’s stock worth $224,711,000 after purchasing an additional 1,264,213 shares in the last quarter. Finally, FIL Ltd grew its position in shares of Nutrien by 1,067.8% in the 4th quarter. FIL Ltd now owns 5,395,496 shares of the company’s stock valued at $259,581,000 after buying an additional 4,933,473 shares during the last quarter. 61.86% of the stock is owned by hedge funds and other institutional investors.

Shares of NTR stock traded down $0.26 during trading on Friday, hitting $54.94. 1,972,112 shares of the company were exchanged, compared to its average volume of 1,910,118. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.85 and a current ratio of 1.39. The firm has a market capitalization of $31.28 billion, a price-to-earnings ratio of 323.24, a P/E/G ratio of 3.01 and a beta of 0.90. The business’s 50-day simple moving average is $51.10 and its 200 day simple moving average is $43.55. Nutrien has a twelve month low of $23.85 and a twelve month high of $55.95.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 14th. Investors of record on Thursday, December 31st were paid a $0.346 dividend. The ex-dividend date was Wednesday, December 30th. This represents a $1.38 annualized dividend and a yield of 2.52%. Nutrien’s dividend payout ratio (DPR) is presently 82.95%.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating approximately 2,000 retail locations. The company was incorporated in 2017 and is headquartered in Saskatoon, Canada.

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