Nutrien (NYSE:NTR) Issues Quarterly Earnings Results


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Nutrien (NYSE:NTR) released its earnings results on Sunday. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.20, MarketWatch Earnings reports. The business had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Nutrien had a net margin of 0.47% and a return on equity of 4.19%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.12) earnings per share.

NYSE:NTR traded up $2.39 on Tuesday, hitting $58.35. The stock had a trading volume of 3,388,205 shares, compared to its average volume of 1,995,853. The company has a fifty day moving average price of $55.44 and a two-hundred day moving average price of $50.75. Nutrien has a 1-year low of $29.70 and a 1-year high of $59.76. The company has a quick ratio of 0.85, a current ratio of 1.39 and a debt-to-equity ratio of 0.46. The stock has a market cap of $33.27 billion, a price-to-earnings ratio of 342.53, a PEG ratio of 3.01 and a beta of 0.90.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, March 30th. This is an increase from Nutrien’s previous quarterly dividend of $0.35. This represents a $1.84 dividend on an annualized basis and a yield of 3.15%. Nutrien’s payout ratio is 82.95%.

Several equities research analysts have commented on NTR shares. Credit Suisse Group boosted their price objective on Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, February 25th. Atlantic Securities downgraded Nutrien from a “neutral” rating to an “underweight” rating in a research note on Tuesday, January 12th. HSBC restated a “hold” rating on shares of Nutrien in a report on Monday, March 1st. Zacks Investment Research lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, April 12th. Finally, Raymond James set a $65.00 price target on shares of Nutrien and gave the stock a “strong-buy” rating in a research note on Friday, February 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Nutrien presently has a consensus rating of “Buy” and a consensus price target of $57.50.

About Nutrien

Nutrien Ltd. provides crop inputs, services, and solutions. The company offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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Earnings History for Nutrien (NYSE:NTR)

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