Nutrien (NYSE:NTR) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Nutrien (NYSE:NTR) released its quarterly earnings results on Wednesday. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04), Briefing.com reports. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter last year, the company earned $0.35 earnings per share. The firm’s revenue was down 5.0% on a year-over-year basis.

Nutrien Trading Down 0.7 %

Shares of NYSE NTR traded down $0.36 during midday trading on Thursday, reaching $49.15. 1,235,159 shares of the stock were exchanged, compared to its average volume of 1,945,524. Nutrien has a 12 month low of $44.65 and a 12 month high of $60.87. The company has a market capitalization of $24.27 billion, a price-to-earnings ratio of 30.93, a P/E/G ratio of 1.66 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. The business has a 50-day simple moving average of $47.97 and a two-hundred day simple moving average of $50.65.

Analyst Ratings Changes

A number of research analysts recently issued reports on NTR shares. TD Securities cut their price target on Nutrien from $64.00 to $63.00 and set a “buy” rating for the company in a report on Tuesday. Barclays reduced their target price on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. HSBC lowered shares of Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Mizuho reduced their price objective on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, Scotiabank lowered their target price on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Monday, August 12th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.44.

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.