Nutrien (NTR) Scheduled to Post Earnings on Wednesday

Nutrien (TSE:NTR) will be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Nutrien to post earnings of C$0.54 per share for the quarter.

Nutrien (TSE:NTR) last issued its earnings results on Wednesday, February 21st. The company reported C$0.50 EPS for the quarter, missing analysts’ consensus estimates of C$0.97 by C($0.47). Nutrien had a return on equity of 5.02% and a net margin of 4.48%. The firm had revenue of C$7.71 billion for the quarter, compared to analysts’ expectations of C$7.10 billion.

Nutrien Stock Performance

Nutrien stock opened at C$72.42 on Monday. The firm has a 50 day simple moving average of C$72.60 and a 200-day simple moving average of C$72.82. The stock has a market cap of C$35.82 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 0.36 and a beta of 0.97. The company has a debt-to-equity ratio of 49.86, a current ratio of 1.17 and a quick ratio of 0.65. Nutrien has a 1-year low of C$64.89 and a 1-year high of C$92.48.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Nutrien’s previous quarterly dividend of $0.53. Nutrien’s dividend payout ratio is 85.30%.

Insider Activity

In related news, Senior Officer Andrew Kelemen purchased 400 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of C$71.51 per share, for a total transaction of C$28,604.00. In other news, Senior Officer Noralee Bradley bought 500 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were acquired at an average price of C$71.48 per share, for a total transaction of C$35,740.00. Also, Senior Officer Andrew Kelemen bought 400 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average cost of C$71.51 per share, with a total value of C$28,604.00. In the last 90 days, insiders have acquired 1,530 shares of company stock worth $109,899. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada cut their target price on Nutrien from C$75.00 to C$70.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd.

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.