Nutrien (NYSE:NTR) Issues Earnings Results

Nutrien (NYSE:NTR) posted its quarterly earnings data on Sunday. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.20, MarketWatch Earnings reports. The company had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Nutrien had a net margin of 0.47% and a return on equity of 4.19%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) EPS.

NTR traded up $1.76 on Tuesday, hitting $57.72. 193,754 shares of the company’s stock were exchanged, compared to its average volume of 1,977,728. The firm has a market cap of $32.91 billion, a PE ratio of 335.53, a P/E/G ratio of 3.01 and a beta of 0.90. Nutrien has a twelve month low of $29.70 and a twelve month high of $59.76. The stock has a fifty day moving average of $55.44 and a two-hundred day moving average of $50.75. The company has a current ratio of 1.39, a quick ratio of 0.85 and a debt-to-equity ratio of 0.46.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Wednesday, March 31st were paid a dividend of $0.46 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, March 30th. This represents a $1.84 annualized dividend and a yield of 3.19%. Nutrien’s dividend payout ratio is 82.95%.

A number of equities analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Nutrien from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, April 14th. Atlantic Securities cut shares of Nutrien from a “neutral” rating to an “underweight” rating in a research report on Tuesday, January 12th. Credit Suisse Group upped their price objective on shares of Nutrien from $51.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, February 25th. TD Securities upped their price objective on shares of Nutrien from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their target price on shares of Nutrien from $45.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, February 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $57.50.

About Nutrien

Nutrien Ltd. provides crop inputs, services, and solutions. The company offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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Earnings History for Nutrien (NYSE:NTR)

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