Zacks Research Weighs in on Nutrien's Q4 Earnings (NYSE:NTR)

Nutrien Ltd. (NYSE:NTR - Free Report) - Research analysts at Zacks Research dropped their Q4 2024 EPS estimates for Nutrien in a report issued on Tuesday, November 19th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $0.38 per share for the quarter, down from their previous estimate of $0.51. The consensus estimate for Nutrien's current full-year earnings is $3.59 per share. Zacks Research also issued estimates for Nutrien's Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $1.97 EPS, Q4 2025 earnings at $0.72 EPS and FY2025 earnings at $3.54 EPS.

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

NTR has been the subject of several other reports. Royal Bank of Canada reissued an "outperform" rating and issued a $60.00 price target on shares of Nutrien in a research note on Friday, September 20th. Wells Fargo & Company cut Nutrien from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $62.00 to $50.00 in a report on Tuesday, September 24th. The Goldman Sachs Group downgraded Nutrien from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. HSBC lowered shares of Nutrien from a "hold" rating to a "reduce" rating in a report on Friday, August 2nd. Finally, TD Securities lowered their price target on Nutrien from $63.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Nutrien has an average rating of "Hold" and a consensus target price of $60.33.

Nutrien Stock Up 0.8 %

Shares of NYSE NTR opened at $45.91 on Thursday. The stock has a market capitalization of $22.67 billion, a P/E ratio of 30.81, a PEG ratio of 1.59 and a beta of 0.82. Nutrien has a one year low of $44.65 and a one year high of $60.87. The firm's 50 day simple moving average is $47.99 and its two-hundred day simple moving average is $50.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Nutrien by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company's stock valued at $1,020,012,000 after purchasing an additional 570,912 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Nutrien by 9.6% during the 1st quarter. Acadian Asset Management LLC now owns 27,400 shares of the company's stock valued at $1,488,000 after purchasing an additional 2,400 shares during the last quarter. Covestor Ltd raised its position in Nutrien by 33.3% in the 1st quarter. Covestor Ltd now owns 932 shares of the company's stock worth $50,000 after purchasing an additional 233 shares during the period. Seven Eight Capital LP bought a new stake in Nutrien in the first quarter worth about $275,000. Finally, UniSuper Management Pty Ltd boosted its position in shares of Nutrien by 84.2% during the first quarter. UniSuper Management Pty Ltd now owns 7,000 shares of the company's stock valued at $380,000 after buying an additional 3,200 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a $0.939 dividend. This represents a $3.76 annualized dividend and a dividend yield of 8.18%. This is a boost from Nutrien's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien's payout ratio is 144.97%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.