Nutrien (NTR) Set to Announce Earnings on Wednesday

Nutrien (NYSE:NTR - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Nutrien to post earnings of $0.43 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.19 by $0.15. The business had revenue of $10.16 billion during the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The company's quarterly revenue was down 12.9% on a year-over-year basis. During the same period last year, the business posted $2.53 earnings per share. On average, analysts expect Nutrien to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Nutrien Stock Up 0.6 %

NYSE:NTR traded up $0.28 during midday trading on Wednesday, reaching $47.95. The company had a trading volume of 2,109,212 shares, compared to its average volume of 1,943,443. The firm has a market capitalization of $23.68 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 1.56 and a beta of 0.82. The stock's fifty day simple moving average is $47.83 and its 200-day simple moving average is $50.77. Nutrien has a 12-month low of $44.65 and a 12-month high of $60.87. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 27th were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a yield of 4.50%. Nutrien's dividend payout ratio (DPR) is presently 126.32%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group lowered Nutrien from a "buy" rating to a "neutral" rating and decreased their target price for the company from $66.00 to $51.00 in a report on Thursday, October 10th. Hsbc Global Res lowered Nutrien from a "hold" rating to a "moderate sell" rating in a report on Friday, August 2nd. The Goldman Sachs Group lowered Nutrien from a "buy" rating to a "neutral" rating and decreased their target price for the company from $69.00 to $53.00 in a report on Tuesday, September 10th. Scotiabank decreased their price target on Nutrien from $66.00 to $59.00 and set a "sector outperform" rating for the company in a report on Monday, August 12th. Finally, TD Securities decreased their price target on Nutrien from $69.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $60.67.

Nutrien Company Profile

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.