Q3 2024 Earnings Estimate for Nutrien Ltd. (TSE:NTR) Issued By Zacks Research

Nutrien Ltd. (TSE:NTR) – Equities researchers at Zacks Research lifted their Q3 2024 earnings estimates for Nutrien in a report released on Tuesday, May 21st. Zacks Research analyst S. Rathi now expects that the company will post earnings per share of $0.78 for the quarter, up from their previous forecast of $0.76. The consensus estimate for Nutrien’s current full-year earnings is $5.61 per share. Zacks Research also issued estimates for Nutrien’s Q4 2024 earnings at $0.79 EPS, Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $2.19 EPS, Q3 2025 earnings at $1.18 EPS, Q4 2025 earnings at $0.98 EPS and FY2025 earnings at $4.88 EPS.

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

A number of other research firms have also recently commented on NTR. Mizuho cut shares of Nutrien from a “hold” rating to a “strong sell” rating in a research note on Friday, May 17th. 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 for the company in a research note on Friday, February 23rd. Three analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Nutrien presently has an average rating of “Hold” and an average price target of C$68.25.

Nutrien Price Performance

Shares of NTR stock opened at C$81.31 on Thursday. Nutrien has a fifty-two week low of C$64.89 and a fifty-two week high of C$92.48. The company has a debt-to-equity ratio of 54.56, a quick ratio of 0.65 and a current ratio of 1.15. The firm has a market capitalization of C$40.22 billion, a price-to-earnings ratio of 34.90, a PEG ratio of 0.36 and a beta of 0.97. The stock’s 50-day simple moving average is C$74.62 and its 200-day simple moving average is C$72.96.

Insiders Place Their Bets

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

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be issued a $0.54 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.16 annualized dividend and a yield of 2.66%. Nutrien’s dividend payout ratio (DPR) is presently 127.47%.

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.