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.
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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