Nutrien (NTR) Set to Announce Earnings on Wednesday

Nutrien (NYSE:NTR) is set to 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. Investors interested in listening to the company’s conference call can do so using this link.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.35). Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.36 billion. During the same period last year, the business posted $2.02 earnings per share. The company’s revenue was down 24.8% compared to the same quarter last year. 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

Shares of Nutrien stock opened at $54.01 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.17. Nutrien has a 52-week low of $47.90 and a 52-week high of $69.12. The company has a fifty day moving average of $53.35 and a 200-day moving average of $53.65. The stock has a market capitalization of $26.71 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.98 and a beta of 0.89.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Nutrien’s previous quarterly dividend of $0.53. Nutrien’s payout ratio is 85.38%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NTR. The Goldman Sachs Group decreased their price objective on shares of Nutrien from $88.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Raymond James cut Nutrien from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $80.00 to $65.00 in a report on Friday, January 12th. JPMorgan Chase & Co. cut Nutrien from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $58.00 to $48.00 in a research note on Friday, February 23rd. TD Securities dropped their price target on Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a research note on Tuesday, February 20th. Finally, BMO Capital Markets cut their price target on shares of Nutrien from $86.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $68.25.

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.