Nutrien (NYSE:NTR) Updates FY 2019 Earnings Guidance

Nutrien (NYSE:NTR) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.70-3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.34. Nutrien also updated its FY19 guidance to $2.70-3.00 EPS.

Shares of NTR stock traded up $0.90 during trading hours on Wednesday, reaching $55.11. The company had a trading volume of 201,405 shares, compared to its average volume of 1,670,987. The firm’s 50 day simple moving average is $52.53. The firm has a market capitalization of $29.48 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 2.17 and a beta of 0.88. Nutrien has a 1-year low of $43.96 and a 1-year high of $58.99.

Nutrien (NYSE:NTR) last released its quarterly earnings data 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 company had revenue of $8.66 billion for the quarter, compared to analyst estimates of $8.17 billion. During the same period in the prior year, the company posted $1.48 EPS. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts expect that Nutrien will post 2.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Friday, June 28th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Thursday, June 27th. Nutrien’s dividend payout ratio is currently 63.94%.

A number of equities analysts have issued reports on the company. Raymond James reiterated a neutral rating and set a $5.00 target price on shares of in a report on Tuesday. Cowen upgraded Twitter from an underperform rating to a market perform rating in a report on Tuesday, April 23rd. Zacks Investment Research upgraded Green Brick Partners from a sell rating to a hold rating in a report on Wednesday, April 10th. Finally, TD Securities lowered their target price on Vermilion Energy from C$31.00 to C$26.00 and set a hold rating for the company in a report on Wednesday. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Nutrien presently has a consensus rating of Buy and an average target price of $61.56.

About Nutrien

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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