Nutrien (NYSE:NTR – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.13), Briefing.com reports. Nutrien had a net margin of 7.78% and a return on equity of 8.02%. The business had revenue of $5.69 billion for the quarter, compared to analysts’ expectations of $5.66 billion. During the same period last year, the business earned $0.97 earnings per share. The company’s revenue was up .9% on a year-over-year basis.
Nutrien Price Performance
Shares of Nutrien stock traded down $0.68 during trading on Friday, reaching $71.53. 989,871 shares of the stock traded hands, compared to its average volume of 3,005,441. The company has a market capitalization of $34.00 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 0.80 and a beta of 0.67. The business has a fifty day simple moving average of $72.89 and a two-hundred day simple moving average of $71.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. Nutrien has a 52-week low of $54.52 and a 52-week high of $85.36.
Nutrien Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, December 31st. Nutrien’s dividend payout ratio is 48.03%.
Analysts Set New Price Targets
NTR has been the subject of several recent analyst reports. KeyCorp began coverage on shares of Nutrien in a report on Thursday, September 10th. They issued a “sector weight” rating and a $73.00 target price for the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Nutrien in a report on Monday, August 10th. Freedom Broker initiated coverage on Nutrien in a research note on Tuesday, October 27th. They set a “hold” rating and a $78.00 target price on the stock. Raymond James Financial decreased their target price on Nutrien from $90.00 to $83.00 and set an “outperform” rating for the company in a research report on Wednesday, October 28th. Finally, BNP Paribas Exane raised shares of Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Tuesday, July 28th. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Nutrien presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.24.
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