Equities research analysts expect Nutrien Ltd (NYSE:NTR) to post $8.65 billion in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Nutrien’s earnings. The highest sales estimate is $8.74 billion and the lowest is $8.48 billion. Nutrien posted sales of $8.15 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.1%. The company is expected to report its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Nutrien will report full-year sales of $20.15 billion for the current financial year, with estimates ranging from $18.90 billion to $20.91 billion. For the next financial year, analysts anticipate that the company will post sales of $21.36 billion, with estimates ranging from $18.73 billion to $24.40 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Nutrien.
Nutrien (NYSE:NTR) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). Nutrien had a net margin of 18.41% and a return on equity of 12.95%. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the prior year, the company posted $0.16 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis.
Several brokerages have recently commented on NTR. Zacks Investment Research upgraded Nutrien from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 10th. Raymond James reiterated a “strong-buy” rating and set a $70.00 price objective on shares of Nutrien in a report on Monday. Cowen reiterated an “outperform” rating and set a $66.00 price objective (down previously from $70.00) on shares of Nutrien in a report on Wednesday, March 6th. Finally, Barclays reiterated a “buy” rating on shares of Nutrien in a report on Sunday, February 10th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $61.50.
Shares of NTR traded down $0.26 during midday trading on Tuesday, hitting $49.83. 1,963,022 shares of the company’s stock traded hands, compared to its average volume of 1,640,942. Nutrien has a 1 year low of $43.96 and a 1 year high of $58.99. The firm has a market cap of $30.09 billion, a PE ratio of 18.52, a P/E/G ratio of 2.11 and a beta of 0.79.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be paid a $0.43 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.72 dividend on an annualized basis and a yield of 3.45%. Nutrien’s dividend payout ratio (DPR) is 63.94%.
A number of hedge funds have recently modified their holdings of NTR. Bayesian Capital Management LP acquired a new stake in Nutrien during the 1st quarter worth about $390,000. Marshall Wace North America L.P. grew its position in Nutrien by 87.7% during the 1st quarter. Marshall Wace North America L.P. now owns 152,401 shares of the company’s stock worth $8,041,000 after purchasing an additional 71,188 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its position in Nutrien by 69.3% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 846,383 shares of the company’s stock worth $44,928,000 after purchasing an additional 346,383 shares during the period. Moerus Capital Management LLC grew its position in Nutrien by 9.3% during the 1st quarter. Moerus Capital Management LLC now owns 642,206 shares of the company’s stock worth $33,883,000 after purchasing an additional 54,763 shares during the period. Finally, QCM Cayman Ltd. acquired a new stake in Nutrien during the 1st quarter worth about $222,000. Institutional investors own 66.63% of the company’s stock.
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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