$1.42 Earnings Per Share Expected for Nutrien Ltd (NYSE:NTR) This Quarter

Equities analysts expect Nutrien Ltd (NYSE:NTR) to post earnings of $1.42 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Nutrien’s earnings, with estimates ranging from $1.32 to $1.55. Nutrien posted earnings of $1.58 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 10.1%. The firm is scheduled to announce its next earnings report on Monday, August 3rd.

According to Zacks, analysts expect that Nutrien will report full-year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.85. For the next year, analysts anticipate that the business will report earnings of $2.03 per share, with EPS estimates ranging from $1.55 to $2.37. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Nutrien.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, May 6th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $3.44 billion. Nutrien had a net margin of 4.49% and a return on equity of 4.66%. The business’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share.

A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded Nutrien from a “hold” rating to a “sell” rating in a research report on Wednesday, May 13th. Bank of America downgraded Nutrien from a “buy” rating to an “underperform” rating in a research report on Monday, May 11th. Morgan Stanley cut their target price on Nutrien from $49.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, March 30th. Citigroup upgraded Nutrien from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $31.00 to $45.00 in a research report on Thursday, April 9th. Finally, Consumer Edge downgraded Nutrien from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Nutrien currently has an average rating of “Buy” and an average price target of $49.48.

Hedge funds have recently modified their holdings of the company. Total Clarity Wealth Management Inc. acquired a new stake in shares of Nutrien in the fourth quarter valued at about $26,000. Americana Partners LLC bought a new stake in shares of Nutrien during the 4th quarter valued at about $29,000. Lindbrook Capital LLC boosted its position in shares of Nutrien by 227.1% during the 1st quarter. Lindbrook Capital LLC now owns 736 shares of the company’s stock valued at $25,000 after purchasing an additional 511 shares in the last quarter. Harwood Advisory Group LLC bought a new stake in shares of Nutrien during the 1st quarter valued at about $28,000. Finally, CFM Wealth Partners LLC bought a new stake in shares of Nutrien during the 1st quarter valued at about $33,000. 62.15% of the stock is owned by institutional investors.

Shares of NYSE:NTR traded down $0.67 during trading on Friday, reaching $33.03. 1,756,542 shares of the company traded hands, compared to its average volume of 1,434,246. The company’s 50 day moving average is $34.95 and its two-hundred day moving average is $39.04. The firm has a market capitalization of $19.20 billion, a PE ratio of 21.04, a PEG ratio of 2.55 and a beta of 0.86. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. Nutrien has a 52 week low of $23.85 and a 52 week high of $55.25.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a $0.45 dividend. The ex-dividend date is Monday, June 29th. This represents a $1.80 annualized dividend and a dividend yield of 5.45%. Nutrien’s payout ratio is 82.95%.

Nutrien Company Profile

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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