Nutrien (NYSE:NTR) Posts Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Nutrien (NYSE:NTR) posted its quarterly earnings data on Sunday. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.20, MarketWatch Earnings reports. The firm had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Nutrien had a net margin of 0.47% and a return on equity of 4.19%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.12) EPS.

Shares of NTR traded up $2.39 during trading hours on Tuesday, reaching $58.35. 3,393,572 shares of the company traded hands, compared to its average volume of 1,994,620. The company’s fifty day moving average price is $55.44 and its two-hundred day moving average price is $50.75. The company has a market capitalization of $33.27 billion, a price-to-earnings ratio of 342.53, a price-to-earnings-growth ratio of 3.01 and a beta of 0.90. The company has a quick ratio of 0.85, a current ratio of 1.39 and a debt-to-equity ratio of 0.46. Nutrien has a 12 month low of $29.70 and a 12 month high of $59.76.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st were paid a dividend of $0.46 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, March 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.15%. Nutrien’s payout ratio is presently 82.95%.

A number of brokerages recently commented on NTR. HSBC reiterated a “hold” rating on shares of Nutrien in a research report on Monday, March 1st. Zacks Investment Research cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 12th. Atlantic Securities cut shares of Nutrien from a “neutral” rating to an “underweight” rating in a research report on Tuesday, January 12th. Royal Bank of Canada lifted their target price on shares of Nutrien from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 14th. Finally, Morgan Stanley lifted their target price on shares of Nutrien from $50.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Monday, February 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $57.50.

About Nutrien

Nutrien Ltd. provides crop inputs, services, and solutions. The company offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

Read More: Hold Rating

Earnings History for Nutrien (NYSE:NTR)

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