Zacks Research Forecasts Nutrien's FY2024 Earnings (TSE:NTR)

Nutrien Ltd. (TSE:NTR - Free Report) - Equities research analysts at Zacks Research lowered their FY2024 EPS estimates for Nutrien in a report released on Tuesday, November 19th. Zacks Research analyst M. Agrawal now anticipates that the company will earn $4.92 per share for the year, down from their previous forecast of $5.11. The consensus estimate for Nutrien's current full-year earnings is $5.34 per share. Zacks Research also issued estimates for Nutrien's Q3 2025 earnings at $0.75 EPS.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group lowered shares of Nutrien from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 10th. Hsbc Global Res upgraded shares of Nutrien to a "moderate sell" rating in a research report on Friday, August 2nd. UBS Group lowered shares of Nutrien from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company lowered shares of Nutrien from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 24th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$64.50.

Nutrien Stock Up 0.3 %

Nutrien stock traded up C$0.18 during mid-day trading on Friday, hitting C$65.63. The company had a trading volume of 375,426 shares, compared to its average volume of 1,517,159. The stock has a market cap of C$32.47 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 1.15 and a beta of 0.95. Nutrien has a 1 year low of C$60.74 and a 1 year high of C$83.14. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 53.14. The business has a fifty day moving average of C$65.61 and a 200 day moving average of C$69.04.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.54 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 3.29%. Nutrien's dividend payout ratio (DPR) is 132.13%.

Insider Buying and Selling at Nutrien

In other news, Senior Officer Mark Thompson purchased 490 shares of the business's stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of C$63.99 per share, with a total value of C$31,355.10. Also, Director Keith Martell bought 1,250 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average cost of C$65.23 per share, with a total value of C$81,537.50. Over the last quarter, insiders acquired 8,900 shares of company stock valued at $572,331. 0.03% of the stock is owned by company insiders.

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.