Analysts Anticipate Nutrien Ltd. (NTR) to Announce $0.24 Earnings Per Share

Analysts expect Nutrien Ltd. (NYSE:NTR) to announce $0.24 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Nutrien’s earnings, with estimates ranging from $0.15 to $0.36. Nutrien reported earnings of $0.45 per share during the same quarter last year, which would indicate a negative year over year growth rate of 46.7%. The firm is expected to issue its next earnings results on Thursday, April 26th.

On average, analysts expect that Nutrien will report full-year earnings of $2.39 per share for the current year, with EPS estimates ranging from $2.23 to $2.63. For the next fiscal year, analysts forecast that the company will post earnings of $2.89 per share, with EPS estimates ranging from $2.58 to $3.29. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Nutrien.

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Several equities analysts have commented on NTR shares. Zacks Investment Research raised shares of Nutrien from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a research report on Saturday, January 13th. Morgan Stanley started coverage on shares of Nutrien in a research report on Friday, January 26th. They set an “equal weight” rating and a $55.00 target price on the stock. Scotiabank raised shares of Nutrien from an “outperform” rating to a “focus list” rating and set a $60.00 target price on the stock in a research report on Monday, February 12th. Stephens reissued a “buy” rating and set a $57.00 target price on shares of Nutrien in a research report on Wednesday, February 7th. Finally, Citigroup raised shares of Nutrien from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $58.50.

Nutrien stock traded down $1.15 during mid-day trading on Tuesday, hitting $44.95. 845,009 shares of the company’s stock were exchanged, compared to its average volume of 1,727,592. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.07 and a quick ratio of 1.58. The company has a market capitalization of $28,956.70, a price-to-earnings ratio of 35.39, a PEG ratio of 1.79 and a beta of 0.49. Nutrien has a 1-year low of $40.41 and a 1-year high of $56.18.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Wednesday, March 28th. Nutrien’s dividend payout ratio is currently 125.98%.

A hedge fund recently bought a new stake in Nutrien stock. Verity Asset Management Inc. purchased a new stake in Nutrien Ltd. (NYSE:NTR) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,354 shares of the company’s stock, valued at approximately $594,000.

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About Nutrien

Nutrien Ltd. produces and distributes potash, nitrogen, and phosphate products for agricultural, industrial, and feed customers worldwide. It offers potash crop feed, fertilizer, industrial, metal finishing, and purified acid products, as well as blends. The company is also involved in the retail operations that serve growers in seven countries across three continents.

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