Nutrien (NTR) to Release Earnings on Wednesday

Nutrien (TSE:NTR) will release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Nutrien to post earnings of C$0.54 per share for the quarter.

Nutrien (TSE:NTR) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.50 EPS for the quarter, missing the consensus estimate of C$0.97 by C($0.47). Nutrien had a return on equity of 5.02% and a net margin of 4.48%. The company had revenue of C$7.71 billion for the quarter, compared to analyst estimates of C$7.10 billion.

Nutrien Price Performance

Shares of TSE:NTR opened at C$72.59 on Wednesday. The company’s fifty day moving average price is C$72.52 and its 200 day moving average price is C$73.07. Nutrien has a 12 month low of C$64.89 and a 12 month high of C$94.88. The company has a debt-to-equity ratio of 49.86, a current ratio of 1.17 and a quick ratio of 0.65. The firm has a market capitalization of C$35.90 billion, a P/E ratio of 20.98, a P/E/G ratio of 0.36 and a beta of 0.97.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a dividend of $0.54 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a yield of 2.98%. The ex-dividend date was Wednesday, March 27th. Nutrien’s dividend payout ratio (DPR) is currently 85.55%.

Insider Buying and Selling

In related news, Senior Officer Noralee Bradley acquired 500 shares of Nutrien stock in a transaction on Monday, March 11th. The stock was purchased at an average cost of C$71.48 per share, with a total value of C$35,740.00. In related news, Senior Officer Noralee Bradley acquired 500 shares of Nutrien stock in a transaction on Monday, March 11th. The stock was purchased at an average cost of C$71.48 per share, with a total value of C$35,740.00. Also, Director Robert Kirkpatrick sold 7,317 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$53.14, for a total value of C$388,825.38. Following the sale, the director now directly owns 566 shares of the company’s stock, valued at C$30,077.24. Insiders have purchased a total of 1,530 shares of company stock valued at $109,899 over the last quarter. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut their price target on shares of Nutrien from C$75.00 to C$70.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd.

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.