Nutrien (NTR) Set to Announce Quarterly Earnings on Wednesday

Nutrien (NYSE:NTR) is scheduled to be announcing 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 that wish to register for the company’s conference call can do so using this link.

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

Nutrien Stock Performance

Nutrien stock opened at $52.93 on Monday. 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 firm has a 50-day moving average of $53.34 and a 200-day moving average of $53.70. The firm has a market cap of $26.18 billion, a P/E ratio of 20.92, a P/E/G ratio of 1.98 and a beta of 0.89. Nutrien has a 1-year low of $47.90 and a 1-year high of $69.12.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.54 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Wednesday, March 27th. Nutrien’s dividend payout ratio is currently 85.38%.

Analysts Set New Price Targets

NTR has been the subject of several research analyst reports. HSBC lowered their price objective on shares of Nutrien from $63.00 to $57.00 and set a “hold” rating for the company in a report on Friday, March 8th. Piper Sandler lowered shares of Nutrien from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $68.00 to $54.00 in a report on Thursday, February 29th. Wolfe Research initiated coverage on shares of Nutrien in a report on Friday, March 1st. They issued an “outperform” rating and a $66.00 price objective for the company. Berenberg Bank upgraded shares of Nutrien from a “hold” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $66.00 in a report on Monday, April 29th. Finally, Stifel Nicolaus raised their price objective on shares of Nutrien from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.