EPS of $2.59 expected for Nutrien Ltd. (NYSE:NTR) this quarter
Wall Street brokerages expect Nutrien Ltd. (NYSE: NTR – Get a rating) will report earnings of $2.59 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts provided earnings estimates for Nutrien. The lowest EPS estimate is $2.28 and the highest is $2.83. Nutrien posted earnings of $0.29 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 793.1%. The company is expected to release its next earnings report after the market closes on Monday, January 1.
On average, analysts expect Nutrien to report annual earnings of $14.20 per share for the current fiscal year, with EPS estimates ranging from $11.50 to $16.75. For the next fiscal year, analysts expect the company to post earnings of $12.58 per share, with EPS estimates ranging from $9.40 to $17.61. Zacks EPS averages are an average based on a survey of research companies that provide coverage for Nutrien.
Nutrien (NYSE: NTR – Get a rating) last released its quarterly earnings data on Wednesday, February 16. The company reported earnings per share of $2.47 for the quarter, beating the Zacks consensus estimate of $2.30 by $0.17. The company posted revenue of $7.07 billion for the quarter, versus a consensus estimate of $6.53 billion. Nutrien had a net margin of 11.38% and a return on equity of 15.31%. The company’s revenue for the quarter increased by 83.6% compared to the same quarter last year. In the same quarter of the previous year, the company had earned earnings per share of $0.24.
NTR has been the subject of a number of research analyst reports. Stifel Nicolaus raised his price target on Nutrien shares from $85.00 to $100.00 and gave the company a “buy” rating in a Tuesday, March 1 report. Royal Bank of Canada raised its price target on Nutrien shares from $120.00 to $135.00 and gave the company an “outperform” rating in a report released Thursday. TD Securities raised its price target on Nutrien shares from $91.00 to $125.00 and gave the company a “buy” rating in a Thursday, March 31 report. Atlantic Securities cut Nutrien shares from an “underweight” to a “neutral” rating and raised its target price for the company from $68.00 to $79.00 in a Friday research report February 18. Finally, UBS Group set a target price of $94.00 on Nutrien shares in a Monday, February 28 research report. Five investment analysts gave the stock a hold rating and sixteen gave the company a buy rating. According to data from MarketBeat, Nutrien currently has an average rating of “Buy” and a consensus target price of $97.85.
Shares of NYSE: NTR traded at $4.10 on Friday, reaching $103.81. The company’s shares had a trading volume of 3,146,264 shares, compared to its average volume of 3,184,809. The company has a 50-day simple moving average of $97.57 and a 200-day simple moving average $80.22 days. The company has a market capitalization of $57.30 billion, a P/E ratio of 18.81, a PEG ratio of 0.95 and a beta of 0.88. The company has a debt ratio of 0.32, a quick ratio of 0.60 and a current ratio of 1.11. Nutrien has a 52 week minimum of $53.33 and a 52 week maximum of $117.25.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14. Shareholders of record on Thursday, March 31 received a dividend of $0.48. The ex-dividend date was Wednesday, March 30. This represents a dividend of $1.92 on an annualized basis and a dividend yield of 1.85%. This is an increase from Nutrien’s previous quarterly dividend of $0.46. Nutrien’s payout ratio is currently 34.78%.
Major investors have recently increased or reduced their stakes in the company. Allworth Financial LP purchased a new stake in Nutrien during Q1 worth approximately $39,000. Retirement Planning Co of New England Inc. acquired a new stake in Nutrien during Q4 valued at approximately $28,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in Nutrien during Q4 valued at approximately $31,000. Northern Oak Wealth Management Inc. increased its position in Nutrien by 57.4% during the 4th quarter. Northern Oak Wealth Management Inc. now owns 417 shares of the company worth $31,000 after purchasing an additional 152 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in Nutrien by 84.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 429 shares of the company worth $32,000 after buying 197 additional shares in the last quarter. 64.94% of the shares are currently held by institutional investors.
Nutrien Company Profile (Get a rating)
Nutrien Ltd. provides agricultural inputs and services. It offers products based on potash, nitrogen, phosphate and sulphate; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds and merchandise through approximately 2,000 retail outlets in the United States, Canada, South America and Australia.
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