$1.60 EPS Expected for Nutrien Ltd (NYSE:NTR) This Quarter

Equities research analysts expect that Nutrien Ltd (NYSE:NTR) will report $1.60 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Nutrien’s earnings, with estimates ranging from $1.49 to $1.70. Nutrien reported earnings of $1.48 per share in the same quarter last year, which indicates a positive year over year growth rate of 8.1%. The business is expected to report its next earnings report after the market closes on Monday, July 29th.

According to Zacks, analysts expect that Nutrien will report full year earnings of $2.93 per share for the current financial year, with EPS estimates ranging from $2.78 to $3.13. For the next year, analysts forecast that the business will report earnings of $3.47 per share, with EPS estimates ranging from $3.18 to $3.78. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Nutrien.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.04). The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter last year, the firm posted $0.16 EPS. The company’s revenue was up .7% on a year-over-year basis.



Several research firms have weighed in on NTR. Cowen upgraded shares of Twitter from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 23rd. Raymond James restated an “outperform” rating and set a $36.00 price objective on shares of Zymeworks in a report on Thursday, May 30th. Finally, Zacks Investment Research upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $61.50.

NTR traded up $0.41 during trading on Friday, hitting $51.49. 846,225 shares of the company’s stock were exchanged, compared to its average volume of 1,703,251. The firm’s 50 day moving average price is $52.36. Nutrien has a fifty-two week low of $43.96 and a fifty-two week high of $58.99. The company has a market cap of $29.87 billion, a PE ratio of 19.14, a P/E/G ratio of 2.19 and a beta of 0.88.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Friday, June 28th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.72 annualized dividend and a dividend yield of 3.34%. Nutrien’s dividend payout ratio is currently 63.94%.

Several hedge funds have recently made changes to their positions in the company. FMR LLC raised its holdings in shares of Nutrien by 12.3% in the fourth quarter. FMR LLC now owns 16,680,675 shares of the company’s stock valued at $783,535,000 after purchasing an additional 1,824,741 shares during the last quarter. Boston Partners raised its holdings in shares of Nutrien by 39.4% in the first quarter. Boston Partners now owns 12,584,872 shares of the company’s stock valued at $663,978,000 after purchasing an additional 3,556,556 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of Nutrien by 3.9% in the first quarter. TD Asset Management Inc. now owns 8,266,777 shares of the company’s stock valued at $436,127,000 after purchasing an additional 309,354 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Nutrien by 4.4% in the first quarter. CIBC Asset Management Inc now owns 7,273,792 shares of the company’s stock valued at $383,622,000 after purchasing an additional 309,472 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Nutrien by 1.0% in the first quarter. Great West Life Assurance Co. Can now owns 5,609,460 shares of the company’s stock valued at $294,970,000 after purchasing an additional 53,102 shares during the last quarter. Institutional investors own 67.61% of the company’s stock.

Nutrien Company Profile

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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