$0.32 Earnings Per Share Expected for Nutrien Ltd (NYSE:NTR) This Quarter

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Wall Street brokerages expect Nutrien Ltd (NYSE:NTR) to announce $0.32 earnings per share for the current quarter, according to Zacks. Three analysts have provided estimates for Nutrien’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.43. Nutrien posted earnings of $0.54 per share during the same quarter last year, which suggests a negative year over year growth rate of 40.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 5th.

On average, analysts expect that Nutrien will report full year earnings of $2.48 per share for the current year, with EPS estimates ranging from $2.25 to $2.94. For the next financial year, analysts expect that the firm will report earnings of $3.18 per share, with EPS estimates ranging from $2.35 to $3.96. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Nutrien.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.12). Nutrien had a return on equity of 6.49% and a net margin of 20.95%. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter last year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis.

NTR has been the subject of several research analyst reports. Consumer Edge started coverage on shares of Nutrien in a research report on Monday, September 23rd. They issued an “overweight” rating and a $67.00 price objective for the company. TD Securities dropped their target price on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. UBS Group set a $62.00 target price on shares of Nutrien and gave the company a “buy” rating in a research report on Tuesday, August 27th. Zacks Investment Research upgraded shares of Nutrien from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, Stifel Nicolaus dropped their target price on shares of Nutrien from $63.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, October 4th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $60.53.

Several institutional investors have recently modified their holdings of the business. Beutel Goodman & Co Ltd. raised its position in shares of Nutrien by 5.7% during the 2nd quarter. Beutel Goodman & Co Ltd. now owns 13,435,410 shares of the company’s stock valued at $718,661,000 after acquiring an additional 718,508 shares during the last quarter. Invesco Ltd. increased its position in shares of Nutrien by 0.7% in the 2nd quarter. Invesco Ltd. now owns 10,145,011 shares of the company’s stock valued at $542,352,000 after buying an additional 66,593 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Nutrien by 11.3% in the 2nd quarter. Mackenzie Financial Corp now owns 8,580,722 shares of the company’s stock valued at $458,725,000 after buying an additional 872,389 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Nutrien by 1.4% in the 2nd quarter. Schroder Investment Management Group now owns 8,319,990 shares of the company’s stock valued at $552,612,000 after buying an additional 117,187 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Nutrien by 1.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 5,498,521 shares of the company’s stock valued at $274,841,000 after buying an additional 91,897 shares in the last quarter. Institutional investors own 65.00% of the company’s stock.

NTR stock traded up $0.41 during trading on Wednesday, hitting $46.65. The company had a trading volume of 1,015,440 shares, compared to its average volume of 1,497,916. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $48.42 and a 200-day moving average price of $50.36. Nutrien has a 12 month low of $43.96 and a 12 month high of $56.00. The stock has a market cap of $27.17 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 2.61 and a beta of 0.89.

About Nutrien

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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