Nutrien (NTR) to Release Quarterly Earnings on Wednesday

Nutrien (NYSE:NTR) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Nutrien to post earnings of $0.43 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

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

Nutrien Price Performance

NYSE:NTR opened at $50.78 on Tuesday. The firm has a market capitalization of $25.08 billion, a price-to-earnings ratio of 31.74, a P/E/G ratio of 1.55 and a beta of 0.82. Nutrien has a 52-week low of $44.65 and a 52-week high of $60.87. The stock has a fifty day moving average of $47.89 and a 200 day moving average of $50.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 27th were given a dividend of $0.54 per share. 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 4.25%. Nutrien’s payout ratio is 135.00%.

Analysts Set New Price Targets

NTR has been the topic of several analyst reports. BMO Capital Markets decreased their price objective on Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Barclays cut their target price on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. Scotiabank cut their target price on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 12th. Mizuho cut their target price on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, Wells Fargo & Company cut Nutrien from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $62.00 to $50.00 in a research note on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.