Research Analysts Issue Forecasts for Nutrien Q3 Earnings

Nutrien Ltd. (TSE:NTR) – Investment analysts at Raymond James dropped their Q3 2024 earnings per share estimates for shares of Nutrien in a report issued on Monday, November 4th. Raymond James analyst S. Hansen now forecasts that the company will post earnings per share of $0.65 for the quarter, down from their previous estimate of $0.79. The consensus estimate for Nutrien’s current full-year earnings is $5.34 per share. Raymond James also issued estimates for Nutrien’s Q4 2024 earnings at $0.76 EPS, FY2024 earnings at $5.21 EPS and FY2025 earnings at $5.16 EPS.

Nutrien (TSE:NTR) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.87 by C$0.31. The business had revenue of C$13.90 billion for the quarter, compared to analyst estimates of C$14.92 billion. Nutrien had a net margin of 3.06% and a return on equity of 3.22%.

Several other equities analysts also recently issued reports on NTR. Hsbc Global Res upgraded shares of Nutrien to a “moderate sell” rating in a report on Friday, August 2nd. UBS Group lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Mizuho upgraded shares of Nutrien from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 16th. The Goldman Sachs Group downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company cut Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Nutrien has an average rating of “Hold” and an average price target of C$64.50.

Nutrien Stock Up 4.5 %

Nutrien stock opened at C$70.56 on Tuesday. The business has a fifty day moving average price of C$65.27 and a 200-day moving average price of C$69.46. Nutrien has a 1-year low of C$60.74 and a 1-year high of C$83.14. The stock has a market capitalization of C$34.91 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 53.14, a current ratio of 1.26 and a quick ratio of 0.65.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 27th were paid a dividend of $0.54 per share. The ex-dividend date was Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.06%. Nutrien’s payout ratio is currently 132.13%.

Insider Activity

In related news, Director Keith Martell bought 1,250 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average cost of C$65.23 per share, with a total value of C$81,537.50. In other Nutrien news, Senior Officer Mark Thompson bought 3,500 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average cost of C$64.00 per share, for a total transaction of C$224,000.00. Also, Director Keith Martell purchased 1,250 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average price of C$65.23 per share, with a total value of C$81,537.50. Insiders purchased a total of 12,710 shares of company stock valued at $814,824 in the last quarter. 0.03% of the stock is currently owned by company insiders.

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.