Nutrien (NYSE:NTR) Issues Earnings Results

Nutrien (NYSE:NTR) posted 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. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the previous year, the business posted $0.35 earnings per share. The company’s quarterly revenue was down 5.0% compared to the same quarter last year.

Nutrien Price Performance

Nutrien stock traded down $0.48 during mid-day trading on Thursday, reaching $49.03. 1,535,032 shares of the company were exchanged, compared to its average volume of 1,946,455. The firm has a market cap of $24.21 billion, a PE ratio of 30.93, a PEG ratio of 1.66 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. The company has a fifty day simple moving average of $47.97 and a 200-day simple moving average of $50.65. Nutrien has a 12 month low of $44.65 and a 12 month high of $60.87.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NTR. HSBC downgraded Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. UBS Group lowered Nutrien from a “buy” rating to a “neutral” rating and reduced their target price for the company from $66.00 to $51.00 in a report on Thursday, October 10th. Hsbc Global Res lowered Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research report on Friday, September 20th. Finally, The Goldman Sachs Group downgraded Nutrien from a “buy” rating to a “neutral” rating and lowered their target price for the company from $69.00 to $53.00 in a research note on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.