Nutrien (NTR) to Release Earnings on Wednesday

Nutrien (TSE:NTR) will be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Nutrien to post earnings of C$0.54 per share for the quarter.

Nutrien (TSE:NTR) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.50 EPS for the quarter, missing the consensus estimate of C$0.97 by C($0.47). The company had revenue of C$7.71 billion during the quarter, compared to the consensus estimate of C$7.10 billion. Nutrien had a net margin of 4.48% and a return on equity of 5.02%.

Nutrien Stock Up 0.6 %

TSE:NTR opened at C$72.42 on Monday. The company has a market cap of C$35.82 billion, a PE ratio of 20.87, a PEG ratio of 0.36 and a beta of 0.97. The stock has a 50-day simple moving average of C$72.60 and a 200 day simple moving average of C$72.82. The company has a debt-to-equity ratio of 49.86, a quick ratio of 0.65 and a current ratio of 1.17. Nutrien has a 52-week low of C$64.89 and a 52-week high of C$92.48.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a $0.54 dividend. This is a boost from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 annualized dividend and a dividend yield of 2.98%. Nutrien’s dividend payout ratio (DPR) is presently 85.30%.

Insider Buying and Selling

In related news, Senior Officer Andrew Kelemen acquired 400 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average cost of C$71.51 per share, for a total transaction of C$28,604.00. In other news, Senior Officer Andrew Kelemen acquired 400 shares of Nutrien stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of C$71.51 per share, for a total transaction of C$28,604.00. Also, Director Robert Kirkpatrick sold 7,317 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$53.14, for a total value of C$388,825.38. Following the completion of the transaction, the director now directly owns 566 shares in the company, valued at approximately C$30,077.24. In the last three months, insiders have acquired 1,530 shares of company stock valued at $109,899. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered their price objective on shares of Nutrien from C$75.00 to C$70.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd.

Nutrien Company Profile

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.