Scotiabank Comments on Nutrien’s Q4 Earnings (TSE:NTR)

Nutrien Ltd. (TSE:NTR) – Investment analysts at Scotiabank issued their Q4 2024 earnings estimates for shares of Nutrien in a report released on Wednesday, January 29th. Scotiabank analyst B. Isaacson anticipates that the company will earn $0.42 per share for the quarter. The consensus estimate for Nutrien’s current full-year earnings is $5.34 per share.

Other analysts also recently issued reports about the stock. UBS Group downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Piper Sandler raised shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, January 13th. Barclays downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Nutrien currently has a consensus rating of “Hold” and an average target price of C$64.50.

Nutrien Stock Up 1.5 %

Shares of TSE NTR opened at C$76.62 on Thursday. The firm has a fifty day simple moving average of C$68.27 and a two-hundred day simple moving average of C$66.88. The firm has a market capitalization of C$37.91 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The company has a current ratio of 1.26, a quick ratio of 0.65 and a debt-to-equity ratio of 53.14. Nutrien has a 12 month low of C$60.74 and a 12 month high of C$83.14.

Nutrien (TSE:NTR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.53 EPS for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.06). Nutrien had a net margin of 3.06% and a return on equity of 3.22%. During the same quarter in the prior year, the business earned $0.47 EPS.

Insider Transactions at Nutrien

In other news, Senior Officer Mark Thompson purchased 490 shares of the stock in a transaction on Monday, November 18th. The shares were acquired at an average price of C$63.99 per share, with a total value of C$31,355.10. Also, Director Kenneth Alvin Seitz purchased 10,490 shares of the stock in a transaction on Tuesday, December 24th. The shares were purchased at an average cost of C$64.04 per share, for a total transaction of C$671,779.60. Insiders purchased 11,175 shares of company stock worth $716,056 over the last three months. 0.03% of the stock is currently owned by company insiders.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.82%. Nutrien’s dividend payout ratio is presently 132.13%.

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.