FY2024 Earnings Forecast for Nutrien Issued By Raymond James

Nutrien Ltd. (NYSE:NTR) – Analysts at Raymond James cut their FY2024 EPS estimates for Nutrien in a research report issued on Tuesday, December 3rd. Raymond James analyst S. Hansen now forecasts that the company will earn $3.43 per share for the year, down from their previous forecast of $3.54. Raymond James has a “Outperform” rating and a $60.00 price objective on the stock. The consensus estimate for Nutrien’s current full-year earnings is $3.56 per share. Raymond James also issued estimates for Nutrien’s Q4 2024 earnings at $0.28 EPS.

A number of other equities analysts have also recently commented on NTR. BMO Capital Markets cut their price target on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Barclays lowered their price target on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a report on Friday, September 20th. UBS Group cut Nutrien from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $66.00 to $51.00 in a report on Thursday, October 10th. Finally, Scotiabank reduced their price target on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $60.06.

Nutrien Stock Down 0.3 %

Shares of NYSE NTR opened at $47.93 on Thursday. 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 business has a 50-day moving average of $47.96 and a 200-day moving average of $49.56. The firm has a market capitalization of $23.67 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 1.71 and a beta of 0.80. Nutrien has a 12 month low of $44.65 and a 12 month high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings results 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 during 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%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share.

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 dividend of $0.939 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s dividend payout ratio is currently 144.97%.

Institutional Trading of Nutrien

Several large investors have recently modified their holdings of NTR. Cetera Advisors LLC grew its position in shares of Nutrien by 21.3% in the 1st quarter. Cetera Advisors LLC now owns 5,897 shares of the company’s stock worth $321,000 after buying an additional 1,036 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Nutrien by 160.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the company’s stock valued at $57,000 after purchasing an additional 663 shares during the period. CWM LLC raised its holdings in Nutrien by 6.1% in the 2nd quarter. CWM LLC now owns 5,923 shares of the company’s stock worth $302,000 after purchasing an additional 338 shares in the last quarter. Simplicity Wealth LLC lifted its position in shares of Nutrien by 2.2% in the 2nd quarter. Simplicity Wealth LLC now owns 70,124 shares of the company’s stock worth $3,570,000 after purchasing an additional 1,540 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in shares of Nutrien by 3.0% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 55,911 shares of the company’s stock valued at $2,846,000 after purchasing an additional 1,652 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

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.