Nutrien Ltd. to Post Q2 2024 Earnings of $2.63 Per Share, Zacks Research Forecasts (TSE:NTR)

Nutrien Ltd. (TSE:NTR) – Analysts at Zacks Research decreased their Q2 2024 earnings estimates for Nutrien in a research note issued on Tuesday, May 21st. Zacks Research analyst S. Rathi now anticipates that the company will post earnings per share of $2.63 for the quarter, down from their prior forecast of $2.85. The consensus estimate for Nutrien’s current full-year earnings is $5.61 per share.

Nutrien (TSE:NTR) last posted its earnings results on Wednesday, February 21st. The company reported C$0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.97 by C($0.47). The company had revenue of C$7.71 billion for the quarter, compared to analyst estimates of C$7.10 billion. Nutrien had a return on equity of 3.46% and a net margin of 3.09%.

A number of other analysts also recently issued reports on NTR. Mizuho downgraded shares of Nutrien from a “hold” rating to a “strong sell” rating in a report on Friday, May 17th. Royal Bank of Canada cut their price target on Nutrien from C$75.00 to C$70.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Hold” and a consensus price target of C$68.25.

Nutrien Trading Down 1.6 %

Shares of NTR stock opened at C$81.31 on Wednesday. Nutrien has a 12-month low of C$64.89 and a 12-month high of C$92.48. The firm has a 50 day moving average price of C$74.62 and a two-hundred day moving average price of C$72.96. The company has a quick ratio of 0.65, a current ratio of 1.15 and a debt-to-equity ratio of 54.56. The company has a market capitalization of C$40.22 billion, a PE ratio of 34.90, a price-to-earnings-growth ratio of 0.36 and a beta of 0.97.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 28th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Friday, June 28th. Nutrien’s dividend payout ratio is presently 127.47%.

Insiders Place Their Bets

In other news, Senior Officer Noralee Bradley purchased 500 shares of the business’s stock in a transaction on Monday, March 11th. The shares were acquired at an average price of C$71.48 per share, with a total value of C$35,740.00. In the last 90 days, insiders bought 1,130 shares of company stock worth $81,295. 0.03% of the stock is currently owned by insiders.

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.