Nutrien (NYSE:NTR) Announces Quarterly Earnings Results

Nutrien (NYSE:NTR) announced its quarterly earnings data on Wednesday. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09), Zacks reports. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%.

Nutrien Stock Performance

NTR stock opened at $53.73 on Friday. The company has a market cap of $26.32 billion, a P/E ratio of 39.20, a price-to-earnings-growth ratio of 1.17 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. Nutrien has a 1 year low of $43.69 and a 1 year high of $60.87. The stock’s fifty day moving average price is $49.32 and its 200-day moving average price is $48.20.

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.06%. Nutrien’s dividend payout ratio is presently 157.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $40.00 to $50.00 in a research note on Monday, January 13th. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Piper Sandler boosted their target price on Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. CIBC reaffirmed an “outperformer” rating and issued a $55.00 price target (down previously from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Finally, UBS Group boosted their price objective on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday. One 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.39.

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.