Nutrien (NYSE:NTR) Releases Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Nutrien (NYSE:NTR) announced its quarterly earnings results on Wednesday. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.13), Briefing.com reports. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 earnings per share.

Nutrien Price Performance

Shares of NYSE NTR traded up $2.73 during mid-day trading on Wednesday, reaching $72.05. The company’s stock had a trading volume of 3,439,787 shares, compared to its average volume of 2,338,140. The stock has a 50-day moving average of $72.92 and a two-hundred day moving average of $71.06. The stock has a market capitalization of $34.24 billion, a P/E ratio of 14.81, a P/E/G ratio of 0.77 and a beta of 0.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39. Nutrien has a 1-year low of $53.65 and a 1-year high of $85.36.

Nutrien News Summary

Here are the key news stories impacting Nutrien this week:

• Positive Sentiment: Revenue was $6.06 billion, topping the $5.76 billion FactSet estimate, and Nutrien declared a quarterly dividend of US$0.55 per share. Revenue report Dividend announcement
• Neutral Sentiment: The company reported $1.31 billion in adjusted EBITDA and said it generated $4.85 billion in adjusted EBITDA over the first nine months of the year. Third-quarter results
• Negative Sentiment: Adjusted earnings per share were $0.61, below the $0.74 consensus and down from $0.97 a year earlier. Net profit fell 39% to about $290 million, despite the revenue beat. Earnings estimate comparison Profit decline report
• Negative Sentiment: Reports cited higher sulfur costs and a phosphate business downturn as factors behind the earnings shortfall. Nutrien also plans to close its Florida plant, adding to concerns about near-term operating pressures. Costs and Florida plant report

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group reiterated a “hold” rating and set a $71.00 price target on shares of Nutrien in a research report on Monday, October 12th. Freedom Broker assumed coverage on Nutrien in a research report on Tuesday, October 27th. They issued a “hold” rating and a $78.00 price objective for the company. BNP Paribas Exane raised Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Tuesday, July 28th. Mizuho reduced their target price on Nutrien from $77.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $85.00 target price on shares of Nutrien in a research report on Friday, September 18th. Sixteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.24.

About Nutrien