Nutrien (TSE:NTR) Announces Quarterly Earnings Results

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

Nutrien Stock Performance

Shares of NTR opened at C$91.64 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.24 and a debt-to-equity ratio of 55.44. The stock has a market cap of C$43.99 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.15 and a beta of 0.68. The business’s 50 day moving average price is C$93.09 and its 200-day moving average price is C$97.49. Nutrien has a 52 week low of C$74.77 and a 52 week high of C$116.95.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.4%. Nutrien’s dividend payout ratio is currently 44.50%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NTR shares. Scotiabank raised 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 note on Tuesday, June 30th. Barclays upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. BNP Paribas Exane upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. National Bank Financial raised Nutrien to a “strong-buy” rating in a research note on Monday, July 13th. Finally, Jefferies Financial Group lowered Nutrien from a “buy” rating to a “hold” rating and lowered their price target for the company from C$96.00 to C$63.00 in a research report on Thursday, July 16th. Four analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$74.33.

Insiders Place Their Bets

In other news, insider Mark Thompson acquired 279 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average cost of C$89.86 per share, with a total value of C$25,070.94. Following the transaction, the insider owned 37,367 shares of the company’s stock, valued at C$3,357,798.62. This trade represents a 0.75% increase in their position. Also, insider Noralee Bradley bought 300 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was purchased at an average cost of C$86.16 per share, with a total value of C$25,848.00. Following the completion of the acquisition, the insider directly owned 6,155 shares of the company’s stock, valued at approximately C$530,314.80. The trade was a 5.12% increase in their position. Insiders have acquired 841 shares of company stock valued at $75,932 in the last quarter. 0.03% of the stock is owned by company insiders.

Nutrien Company Profile

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.