Q4 Earnings Estimate for Nutrien Issued By Scotiabank

Nutrien Ltd. (NYSE:NTR) – Stock analysts at Scotiabank issued their Q4 2024 EPS estimates for shares of Nutrien in a note issued to investors on Wednesday, January 29th. Scotiabank analyst B. Isaacson anticipates that the company will post earnings per share of $0.29 for the quarter. The consensus estimate for Nutrien’s current full-year earnings is $3.50 per share.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS.

NTR has been the topic of several other reports. UBS Group raised their price target on shares of Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday. TD Securities decreased their target price on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $40.00 to $50.00 in a report on Monday, January 13th. CIBC reaffirmed an “outperformer” rating and issued a $55.00 target price (down from $60.00) on shares of Nutrien in a research note on Tuesday, December 10th. Finally, Oppenheimer initiated coverage on shares of Nutrien in a research note on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.94.

Nutrien Stock Performance

Shares of NTR opened at $53.04 on Thursday. The company has a market capitalization of $26.05 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 1.17 and a beta of 0.81. Nutrien has a one year low of $43.69 and a one year high of $60.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The company’s fifty day moving average price is $47.88 and its 200 day moving average price is $48.02.

Institutional Trading of Nutrien

Institutional investors have recently made changes to their positions in the business. Central Pacific Bank Trust Division bought a new stake in shares of Nutrien in the third quarter worth $28,000. HHM Wealth Advisors LLC raised its position in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after acquiring an additional 480 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after acquiring an additional 416 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Nutrien during the second quarter worth $52,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Nutrien during the fourth quarter worth $67,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a $0.939 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s payout ratio is currently 144.97%.

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.