Nutrien (NTR) to Release Quarterly Earnings on Wednesday

Nutrien (NYSE:NTR) will be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Nutrien to post earnings of $2.12 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The firm had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. On average, analysts expect Nutrien to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Nutrien Price Performance

NYSE NTR opened at $47.23 on Tuesday. Nutrien has a 12-month low of $45.90 and a 12-month high of $69.09. The stock has a market capitalization of $23.37 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 1.65 and a beta of 0.83. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $52.11 and a two-hundred day moving average price of $52.87.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, June 28th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend was Friday, June 28th. Nutrien’s dividend payout ratio (DPR) is currently 126.32%.

Analyst Ratings Changes

NTR has been the subject of a number of research reports. Berenberg Bank raised Nutrien from a “hold” rating to a “buy” rating and increased their target price for the stock from $60.00 to $66.00 in a research note on Monday, April 29th. Royal Bank of Canada cut their price target on Nutrien from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, July 15th. Scotiabank dropped their target price on Nutrien from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, May 13th. Piper Sandler decreased their price target on Nutrien from $56.00 to $55.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 11th. Finally, HSBC cut Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.39.

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.