Q4 Earnings Estimate for Nutrien Issued By Scotiabank

Nutrien Ltd. (NYSE:NTR) – Scotiabank issued their Q4 2024 earnings estimates for shares of Nutrien in a report released on Wednesday, January 29th. Scotiabank analyst B. Isaacson anticipates that the company will post earnings of $0.29 per share for the quarter. The consensus estimate for Nutrien’s current full-year earnings is $3.50 per share.

Several other equities research analysts also recently weighed in on NTR. CIBC reissued an “outperformer” rating and issued a $55.00 target price (down previously from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. Oppenheimer began coverage on shares of Nutrien in a research report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price for the company. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $40.00 to $50.00 in a research report on Monday, January 13th. UBS Group boosted their target price on shares of Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Barclays reaffirmed an “equal weight” rating and set a $56.00 price objective (up previously from $55.00) on shares of Nutrien in a research report on Tuesday, January 21st. One equities research analyst has 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, Nutrien has a consensus rating of “Moderate Buy” and a consensus target price of $58.94.

Nutrien Stock Up 1.1 %

Shares of NYSE NTR opened at $53.04 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $26.05 billion, a PE ratio of 35.60, a P/E/G ratio of 1.17 and a beta of 0.81. The firm has a fifty day moving average of $47.88 and a 200-day moving average of $48.02. Nutrien has a 52-week low of $43.69 and a 52-week high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was down 5.0% on a year-over-year basis.

Institutional Trading of Nutrien

A number of large investors have recently added to or reduced their stakes in the business. Grace & White Inc. NY boosted its stake in Nutrien by 9.5% in the 4th quarter. Grace & White Inc. NY now owns 109,200 shares of the company’s stock worth $4,887,000 after purchasing an additional 9,500 shares during the period. Van ECK Associates Corp boosted its stake in Nutrien by 5.7% in the 4th quarter. Van ECK Associates Corp now owns 1,480,870 shares of the company’s stock worth $66,264,000 after purchasing an additional 80,382 shares during the period. Four Tree Island Advisory LLC acquired a new position in Nutrien in the 4th quarter worth approximately $520,000. Vaughan Nelson Investment Management L.P. boosted its stake in Nutrien by 71.7% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 74,055 shares of the company’s stock worth $3,314,000 after purchasing an additional 30,925 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its stake in Nutrien by 15.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 53,540 shares of the company’s stock worth $2,396,000 after purchasing an additional 6,988 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a yield of 7.08%. This is a boost from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is presently 144.97%.

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.