Analysts Expect Nutrien Ltd (NYSE:NTR) Will Announce Earnings of $0.48 Per Share

Analysts forecast that Nutrien Ltd (NYSE:NTR) will announce earnings per share (EPS) of $0.48 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Nutrien’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.42. Nutrien posted earnings of $0.47 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.1%. The business is expected to report its next quarterly earnings results on Monday, November 4th.

On average, analysts expect that Nutrien will report full-year earnings of $2.88 per share for the current year, with EPS estimates ranging from $2.75 to $3.13. For the next financial year, analysts expect that the business will report earnings of $3.48 per share, with EPS estimates ranging from $3.20 to $3.68. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Nutrien.

Nutrien (NYSE:NTR) last released its earnings results on Monday, July 29th. The company reported $1.58 EPS for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.01). The firm had revenue of $8.66 billion during the quarter, compared to the consensus estimate of $8.17 billion. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.48 EPS.

A number of research analysts have recently commented on the company. TD Securities raised their target price on Nutrien from $68.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Raymond James reiterated a “strong-buy” rating and set a $70.00 price objective on shares of Nutrien in a research note on Tuesday, July 30th. BMO Capital Markets set a $60.00 price objective on Nutrien and gave the company a “buy” rating in a research note on Wednesday, July 31st. Citigroup set a $61.00 price objective on Nutrien and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Cowen reissued an “outperform” rating and issued a $63.00 target price (down previously from $66.00) on shares of Nutrien in a report on Tuesday, April 23rd. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Nutrien has an average rating of “Buy” and an average target price of $62.00.

Several institutional investors and hedge funds have recently modified their holdings of NTR. Boston Partners grew its holdings in shares of Nutrien by 39.4% in the first quarter. Boston Partners now owns 12,584,872 shares of the company’s stock worth $663,978,000 after acquiring an additional 3,556,556 shares during the period. Cambiar Investors LLC bought a new stake in shares of Nutrien in the second quarter worth $166,998,000. Toronto Dominion Bank grew its holdings in shares of Nutrien by 94.6% in the first quarter. Toronto Dominion Bank now owns 5,494,159 shares of the company’s stock worth $289,969,000 after acquiring an additional 2,671,293 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Nutrien in the first quarter worth $74,114,000. Finally, Thornburg Investment Management Inc. grew its holdings in shares of Nutrien by 91.7% in the first quarter. Thornburg Investment Management Inc. now owns 1,426,652 shares of the company’s stock worth $75,270,000 after acquiring an additional 682,387 shares during the period. 67.83% of the stock is owned by institutional investors.

Shares of NTR traded down $1.62 on Monday, reaching $51.90. The stock had a trading volume of 27,324 shares, compared to its average volume of 1,999,564. The firm has a market capitalization of $31.04 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 2.38 and a beta of 0.87. The company’s 50-day moving average price is $52.58. Nutrien has a 12-month low of $43.96 and a 12-month high of $58.99.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be issued a $0.45 dividend. This is a positive change from Nutrien’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.47%. Nutrien’s dividend payout ratio (DPR) is presently 63.94%.

Nutrien Company Profile

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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