Nutrien (NTR) Posts Earnings Results, Meets Expectations

Nutrien (NYSE:NTR) posted its quarterly earnings results on Wednesday. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54, Briefing.com reports. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Nutrien had a net margin of 18.20% and a return on equity of 12.95%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Nutrien updated its FY19 guidance to $2.80-3.20 EPS.

Shares of NYSE NTR traded up $0.35 during midday trading on Friday, hitting $52.66. The company’s stock had a trading volume of 2,450,424 shares, compared to its average volume of 1,494,742. The firm has a market capitalization of $31.59 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.47 and a beta of 0.80. Nutrien has a 1-year low of $43.96 and a 1-year high of $58.99.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Friday, March 29th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, March 28th. Nutrien’s dividend payout ratio (DPR) is presently 63.94%.



A number of research analysts have issued reports on NTR shares. Macquarie increased their target price on shares of Nutrien from $59.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, October 12th. Cleveland Research raised shares of Nutrien from a “neutral” rating to a “buy” rating in a report on Thursday, October 18th. Raymond James increased their target price on shares of Nutrien from $67.00 to $70.00 and gave the company a “strong-buy” rating in a report on Friday, November 2nd. TD Securities raised shares of Nutrien from a “hold” rating to a “buy” rating and increased their target price for the company from $63.00 to $68.00 in a report on Wednesday, November 7th. They noted that the move was a valuation call. Finally, Credit Suisse Group set a $55.00 target price on shares of Nutrien and gave the company a “hold” rating in a report on Wednesday, November 7th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $61.94.

Several hedge funds have recently added to or reduced their stakes in NTR. Litman Gregory Asset Management LLC bought a new stake in Nutrien during the 4th quarter worth about $26,000. Proficio Capital Partners LLC raised its stake in Nutrien by 38.3% in the fourth quarter. Proficio Capital Partners LLC now owns 902 shares of the company’s stock valued at $42,000 after purchasing an additional 250 shares in the last quarter. Capital Investment Advisory Services LLC acquired a new position in Nutrien in the fourth quarter valued at about $53,000. Shine Investment Advisory Services Inc. raised its stake in Nutrien by 27.2% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 1,794 shares of the company’s stock valued at $84,000 after purchasing an additional 384 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new position in Nutrien in the fourth quarter valued at about $93,000. Institutional investors own 66.30% of the company’s stock.

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Nutrien Company Profile

Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.

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Earnings History for Nutrien (NYSE:NTR)

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