Scotiabank Comments on Nutrien's Q4 Earnings (NYSE:NTR)

Nutrien Ltd. (NYSE:NTR - Free Report) - Equities research analysts at Scotiabank issued their Q4 2024 EPS estimates for Nutrien in a research note issued on Wednesday, January 29th. Scotiabank analyst B. Isaacson anticipates that the company will earn $0.29 per share for the quarter. The consensus estimate for Nutrien's current full-year earnings is $3.50 per share.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter last year, the company earned $0.35 earnings per share. The firm's revenue for the quarter was down 5.0% on a year-over-year basis.

NTR has been the topic of several other research reports. UBS Group increased their price target on shares of Nutrien from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Tuesday. Piper Sandler boosted their price target on shares of Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Monday. CIBC reaffirmed an "outperformer" rating and issued a $55.00 price target (down previously from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. Wells Fargo & Company raised their target price on shares of Nutrien from $52.00 to $53.00 and gave the company an "equal weight" rating in a report on Tuesday. Finally, Barclays reiterated an "equal weight" rating and set a $56.00 price target (up previously from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $58.94.

Nutrien Trading Down 1.5 %

Nutrien stock traded down $0.78 during midday trading on Thursday, reaching $52.31. 1,315,411 shares of the stock traded hands, compared to its average volume of 2,243,715. The firm has a market cap of $25.69 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 1.17 and a beta of 0.81. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The company has a 50-day simple moving average of $48.03 and a two-hundred day simple moving average of $48.06. Nutrien has a 12-month low of $43.69 and a 12-month high of $60.87.

Hedge Funds Weigh In On Nutrien

A number of institutional investors have recently modified their holdings of the business. Central Pacific Bank Trust Division acquired a new position in shares of Nutrien in the third quarter valued at approximately $28,000. HHM Wealth Advisors LLC lifted its stake in shares of Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after acquiring an additional 480 shares during the period. Asset Planning Inc purchased a new position in Nutrien during the fourth quarter worth about $35,000. Exchange Traded Concepts LLC lifted its position in Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 416 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Nutrien in the 2nd quarter valued at approximately $52,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date was Tuesday, December 31st. This is an increase from Nutrien's previous quarterly dividend of $0.54. Nutrien's dividend payout ratio (DPR) is currently 144.97%.

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.