Brokerages Expect Nutrien Ltd. (NYSE:NTR) to Post $5.62 EPS

Wall Street brokerages expect that Nutrien Ltd. (NYSE:NTR – Get Rating) will announce $5.62 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Nutrien’s earnings. The lowest EPS estimate is $4.41 and the highest is $6.44. Nutrien posted earnings per share of $2.08 during the same quarter last year, which suggests a positive year-over-year growth rate of 170.2%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Nutrien will report full year earnings of $16.40 per share for the current financial year, with EPS estimates ranging from $13.34 to $17.50. For the next financial year, analysts forecast that the firm will post earnings of $14.19 per share, with EPS estimates ranging from $9.43 to $18.00. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Nutrien.

Nutrien (NYSE:NTR – Get Rating) last released its quarterly earnings data on Monday, May 2nd. The company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.11. Nutrien had a return on equity of 20.55% and a net margin of 14.34%. The business had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.77 billion.

Several research firms have recently weighed in on NTR. Piper Sandler lifted their price objective on Nutrien from $112.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. Royal Bank of Canada lifted their target price on Nutrien from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 21st. Atlantic Securities raised Nutrien from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $68.00 to $79.00 in a research report on Friday, February 18th. Barclays started coverage on Nutrien in a research report on Wednesday. They issued an “overweight” rating and a $116.00 target price on the stock. Finally, Scotiabank lowered Nutrien from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, March 28th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $104.05.

NYSE:NTR opened at $93.50 on Friday. Nutrien has a fifty-two week low of $57.08 and a fifty-two week high of $117.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 0.53. The stock has a market capitalization of $51.56 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 0.74 and a beta of 0.87. The business’s 50-day simple moving average is $102.12 and its 200-day simple moving average is $86.30.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.92 annualized dividend and a yield of 2.05%. Nutrien’s dividend payout ratio (DPR) is presently 24.65%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NTR. Hardy Reed LLC bought a new stake in shares of Nutrien during the 1st quarter valued at $27,000. Retirement Planning Co of New England Inc. bought a new stake in shares of Nutrien during the 4th quarter valued at $28,000. Covestor Ltd bought a new stake in shares of Nutrien during the 1st quarter valued at $30,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in shares of Nutrien during the 4th quarter valued at $31,000. Finally, Northern Oak Wealth Management Inc. lifted its position in shares of Nutrien by 57.4% during the 4th quarter. Northern Oak Wealth Management Inc. now owns 417 shares of the company’s stock valued at $31,000 after acquiring an additional 152 shares during the period. Institutional investors and hedge funds own 64.39% of the company’s stock.

Nutrien Company Profile (Get Rating)

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company 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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