Nutrien (NTR) Scheduled to Post Quarterly Earnings on Wednesday

Nutrien (TSE:NTR) is set to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce 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 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.97 by C($0.47). Nutrien had a net margin of 4.48% and a return on equity of 5.02%. The business had revenue of C$7.71 billion during the quarter, compared to analysts’ expectations of C$7.10 billion.

Nutrien Stock Up 1.9 %

Shares of TSE NTR opened at C$73.80 on Tuesday. Nutrien has a 12-month low of C$64.89 and a 12-month high of C$92.48. The company has a market capitalization of C$36.50 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 0.36 and a beta of 0.97. 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’s 50-day moving average is C$72.62 and its two-hundred day moving average is C$72.75.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Nutrien’s previous quarterly dividend of $0.53. Nutrien’s dividend payout ratio is 85.30%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reduced 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 report on Friday, February 23rd.

Insider Activity at Nutrien

In related news, 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 transaction of C$388,825.38. Following the transaction, the director now owns 566 shares of the company’s stock, valued at C$30,077.24. In related news, 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 transaction of C$388,825.38. Following the transaction, the director now owns 566 shares of the company’s stock, valued at C$30,077.24. Also, Senior Officer Andrew Kelemen bought 400 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average cost of C$71.51 per share, for a total transaction of C$28,604.00. Over the last 90 days, insiders have bought 1,530 shares of company stock valued at $109,899. Company insiders own 0.03% of the company’s stock.

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.