Nutrien (NYSE:NTR) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Nutrien (NYSE:NTR) announced its quarterly earnings data on Wednesday. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04), Briefing.com reports. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the previous year, the business earned $0.35 EPS. Nutrien’s revenue for the quarter was down 5.0% on a year-over-year basis.

Nutrien Price Performance

NTR opened at $48.32 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.37. Nutrien has a 52-week low of $44.65 and a 52-week high of $60.87. The company has a 50 day moving average of $47.98 and a two-hundred day moving average of $50.61. The company has a market cap of $23.86 billion, a P/E ratio of 32.43, a P/E/G ratio of 1.62 and a beta of 0.82.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a yield of 7.77%. This is a boost from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. Nutrien’s payout ratio is 144.97%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TD Securities cut their price objective on Nutrien from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Tuesday. HSBC lowered Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Scotiabank cut their price target on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Monday, August 12th. Wells Fargo & Company cut shares of Nutrien from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th. Finally, Hsbc Global Res cut shares of Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $60.44.

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.