Nutrien (NTR) to Release Quarterly Earnings on Wednesday

Nutrien (NYSE:NTR) is scheduled to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.36 billion. Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The firm’s quarterly revenue was down 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.02 EPS. On average, analysts expect Nutrien to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Nutrien Stock Down 2.4 %

Shares of NYSE:NTR opened at $52.77 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $53.34 and a 200 day simple moving average of $53.89. The firm has a market cap of $26.10 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.96 and a beta of 0.89. Nutrien has a 12-month low of $47.90 and a 12-month high of $70.07.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.54 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.16 annualized dividend and a yield of 4.09%. Nutrien’s payout ratio is presently 85.38%.

Wall Street Analyst Weigh In

Several research firms have weighed in on NTR. CIBC lowered their target price on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Royal Bank of Canada lowered their target price on shares of Nutrien from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. BMO Capital Markets lowered their target price on shares of Nutrien from $86.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. JPMorgan Chase & Co. lowered shares of Nutrien from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $58.00 to $48.00 in a research note on Friday, February 23rd. Finally, Wells Fargo & Company lowered their target price on shares of Nutrien from $77.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, February 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Nutrien has a consensus rating of “Moderate Buy” and a consensus price target of $68.25.

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.