Nutrien (NYSE:NTR) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Nutrien (NYSE:NTR) announced its quarterly earnings data on Wednesday. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04), Briefing.com reports. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS.

Nutrien Stock Performance

Nutrien stock opened at $48.32 on Friday. Nutrien has a fifty-two week low of $44.65 and a fifty-two week high of $60.87. The firm’s 50 day simple moving average is $47.98 and its 200-day simple moving average is $50.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. The company has a market cap of $23.86 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 1.62 and a beta of 0.82.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.939 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a yield of 7.77%. Nutrien’s dividend payout ratio is currently 144.97%.

Analyst Upgrades and Downgrades

NTR has been the topic of a number of research reports. Hsbc Global Res cut shares of Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. HSBC downgraded shares of Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. The Goldman Sachs Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $69.00 to $53.00 in a research report on Tuesday, September 10th. Barclays reduced their price objective on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. Finally, UBS Group cut Nutrien from a “buy” rating to a “neutral” rating and lowered their target price for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.44.

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.