Brokerages Anticipate Nutrien Ltd. (NYSE:NTR) to Announce $5.54 Earnings Per Share

Wall Street brokerages expect Nutrien Ltd. (NYSE:NTRGet Rating) to post earnings per share of $5.54 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Nutrien’s earnings, with the highest EPS estimate coming in at $6.44 and the lowest estimate coming in at $4.41. Nutrien reported earnings of $2.08 per share in the same quarter last year, which would indicate a positive year over year growth rate of 166.3%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Nutrien will report full year earnings of $16.32 per share for the current financial year, with EPS estimates ranging from $13.34 to $17.50. For the next financial year, analysts anticipate that the company will post earnings of $14.13 per share, with EPS estimates ranging from $9.43 to $17.61. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Nutrien.

Nutrien (NYSE:NTRGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.11. The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.77 billion. Nutrien had a net margin of 14.34% and a return on equity of 20.55%.

Several brokerages recently commented on NTR. Stifel Nicolaus upped their price target on shares of Nutrien from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, March 1st. The Goldman Sachs Group upped their price target on shares of Nutrien from $85.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, March 16th. Scotiabank lowered shares of Nutrien from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, March 28th. UBS Group set a $94.00 price target on shares of Nutrien in a research report on Monday, February 28th. Finally, Barclays upped their price target on shares of Nutrien from $84.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, February 18th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $102.20.

Several hedge funds have recently made changes to their positions in NTR. Hardy Reed LLC bought a new position in Nutrien during the 1st quarter valued at $27,000. Retirement Planning Co of New England Inc. bought a new position in shares of Nutrien in the 4th quarter worth about $28,000. Covestor Ltd bought a new position in shares of Nutrien in the 1st quarter worth about $30,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of Nutrien in the 4th quarter worth about $31,000. Finally, Northern Oak Wealth Management Inc. lifted its position in shares of Nutrien by 57.4% in the 4th quarter. Northern Oak Wealth Management Inc. now owns 417 shares of the company’s stock worth $31,000 after buying an additional 152 shares during the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

Shares of NTR opened at $98.95 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 1.14. The company has a market capitalization of $54.67 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.75 and a beta of 0.87. The company’s 50 day simple moving average is $102.90 and its 200 day simple moving average is $83.19. Nutrien has a 1 year low of $57.08 and a 1 year high of $117.25.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were paid a $0.48 dividend. The ex-dividend date was Wednesday, March 30th. This is an increase from Nutrien’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a dividend yield of 1.94%. Nutrien’s dividend payout ratio is 24.65%.

About Nutrien (Get Rating)

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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