Nutrien (NYSE:NTR) Releases Earnings Results, Misses Expectations By $0.04 EPS

Nutrien (NYSE:NTR) released its quarterly earnings results on Wednesday. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04), Briefing.com reports. The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. Nutrien’s revenue was down 5.0% on a year-over-year basis. During the same period last year, the firm posted $0.35 earnings per share.

Nutrien Stock Down 1.0 %

Shares of NYSE:NTR traded down $0.48 during midday trading on Thursday, hitting $49.03. 1,535,032 shares of the company’s stock traded hands, compared to its average volume of 1,946,455. Nutrien has a twelve month low of $44.65 and a twelve month high of $60.87. The company has a market cap of $24.21 billion, a PE ratio of 30.93, a P/E/G ratio of 1.66 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. The firm’s fifty day moving average price is $47.97 and its two-hundred day moving average price is $50.65.

Analyst Ratings Changes

A number of research firms have commented on NTR. TD Securities decreased their price target on Nutrien from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday. HSBC lowered shares of Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Scotiabank lowered their price objective on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Monday, August 12th. UBS Group cut Nutrien from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $66.00 to $51.00 in a research note on Thursday, October 10th. Finally, Wells Fargo & Company lowered Nutrien from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $62.00 to $50.00 in a research report on Tuesday, September 24th. 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 company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.44.

About Nutrien

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.