Nutrien (NTR) Set to Announce Quarterly Earnings on Wednesday

Nutrien (NYSE:NTR) will post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Nutrien to post earnings of $0.40 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the prior year, the business posted $2.02 earnings per share. Nutrien’s revenue for the quarter was down 24.8% on a year-over-year basis. 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 $52.93 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.17. The firm’s 50 day moving average price is $53.34 and its 200-day moving average price is $53.70. Nutrien has a 52-week low of $47.90 and a 52-week high of $69.12. The company has a market cap of $26.18 billion, a PE ratio of 20.92, a P/E/G ratio of 1.98 and a beta of 0.89.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.54 per share. The ex-dividend date was Wednesday, March 27th. This is an increase from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.08%. Nutrien’s dividend payout ratio (DPR) is currently 85.38%.

Analyst Upgrades and Downgrades

NTR has been the topic of a number of recent research reports. JPMorgan Chase & Co. downgraded shares of Nutrien from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $58.00 to $48.00 in a research note on Friday, February 23rd. Raymond James downgraded shares of Nutrien from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $80.00 to $65.00 in a research note on Friday, January 12th. Royal Bank of Canada lowered their target price on shares of Nutrien from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. The Goldman Sachs Group lowered their target price on shares of Nutrien from $88.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Finally, Stifel Nicolaus raised their target price on shares of Nutrien from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.25.

Nutrien Company Profile

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.