Nutrien (TSE:NTR) Releases Earnings Results

Nutrien (TSE:NTR) released its quarterly earnings results on Wednesday. The company reported C$3.71 EPS for the quarter, FiscalAI reports. Nutrien had a net margin of 8.61% and a return on equity of 9.49%. The business had revenue of C$15.36 billion for the quarter.

Nutrien Price Performance

NTR stock traded down C$0.33 during midday trading on Wednesday, reaching C$93.88. The company had a trading volume of 1,983,848 shares, compared to its average volume of 1,727,382. The company has a market capitalization of C$45.06 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.15 and a beta of 0.71. The stock has a 50 day moving average price of C$93.17 and a 200-day moving average price of C$97.48. Nutrien has a 1-year low of C$74.77 and a 1-year high of C$116.95. The company has a debt-to-equity ratio of 55.44, a current ratio of 1.24 and a quick ratio of 0.65.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Nutrien’s payout ratio is 44.50%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. BNP Paribas Exane upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Scotiabank upgraded shares of Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 target price on the stock in a research report on Tuesday, June 30th. Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 5th. Jefferies Financial Group downgraded shares of Nutrien from a “buy” rating to a “hold” rating and dropped their price target for the company from C$96.00 to C$63.00 in a research report on Thursday, July 16th. Finally, Berenberg Bank cut Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Four analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$74.33.

Insider Activity

In other news, insider Christopher Reynolds bought 2,400 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of C$95.19 per share, for a total transaction of C$228,456.00. Following the transaction, the insider owned 10,585 shares of the company’s stock, valued at C$1,007,586.15. This represents a 29.32% increase in their ownership of the stock. Also, insider Noralee Bradley bought 300 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was purchased at an average price of C$86.16 per share, with a total value of C$25,848.00. Following the completion of the transaction, the insider directly owned 6,155 shares in the company, valued at approximately C$530,314.80. This represents a 5.12% increase in their position. Over the last three months, insiders acquired 8,141 shares of company stock worth $766,436. 0.03% of the stock is owned by company insiders.

About Nutrien

Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.