Nutrien (TSE:NTR) Announces Quarterly Earnings Results

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

Nutrien Price Performance

Shares of TSE:NTR traded down C$1.69 during midday trading on Thursday, reaching C$92.19. The company’s stock had a trading volume of 279,555 shares, compared to its average volume of 1,717,199. The business’s fifty day simple moving average is C$93.14 and its 200-day simple moving average is C$97.48. The company has a debt-to-equity ratio of 55.44, a current ratio of 1.24 and a quick ratio of 0.65. Nutrien has a fifty-two week low of C$74.77 and a fifty-two week high of C$116.95. The company has a market capitalization of C$44.25 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.15 and a beta of 0.68.

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 issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, June 30th. Nutrien’s dividend payout ratio is presently 44.50%.

Insider Activity at Nutrien

In related news, Director Kenneth Alvin Seitz acquired 3,900 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were purchased at an average price of C$94.52 per share, with a total value of C$368,628.00. Following the acquisition, the director directly owned 47,513 shares in the company, valued at C$4,490,928.76. The trade was a 8.94% increase in their ownership of the stock. Also, insider Noralee Bradley acquired 300 shares of the stock in a transaction on Friday, June 26th. The stock was bought at an average price of C$86.16 per share, with a total value of C$25,848.00. Following the transaction, the insider directly owned 6,155 shares in the company, valued at approximately C$530,314.80. This represents a 5.12% increase in their position. Insiders bought 8,141 shares of company stock worth $766,436 in the last quarter. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Berenberg Bank lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 5th. BNP Paribas Exane raised Nutrien from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Barclays upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Jefferies Financial Group lowered Nutrien from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$96.00 to C$63.00 in a research note on Thursday, July 16th. Four equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$74.33.

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.