Nutrien (NYSE:NTR) Releases Earnings Results, Misses Expectations By $0.09 EPS

Nutrien (NYSE:NTR) issued its earnings results on Wednesday. The company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.09), Briefing.com reports. The firm had revenue of $10.81 billion during the quarter, compared to analyst estimates of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.94%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $2.65 earnings per share.

Nutrien Price Performance

Shares of NYSE NTR traded down $2.00 during trading hours on Friday, hitting $64.76. 1,687,504 shares of the stock were exchanged, compared to its average volume of 3,179,769. The company’s fifty day simple moving average is $66.15 and its two-hundred day simple moving average is $70.47. The company has a market cap of $30.98 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. Nutrien has a 1-year low of $53.03 and a 1-year high of $85.36.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Tuesday, September 29th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 annualized dividend and a dividend yield of 3.4%. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

Institutional Investors Weigh In On Nutrien

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. lifted its holdings in shares of Nutrien by 11.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,567 shares of the company’s stock worth $158,000 after acquiring an additional 256 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Nutrien during the 4th quarter valued at approximately $185,000. Danske Bank A S bought a new stake in shares of Nutrien during the 3rd quarter valued at approximately $201,000. Armistice Capital LLC acquired a new position in Nutrien during the 3rd quarter worth approximately $202,000. Finally, Orion Porfolio Solutions LLC acquired a new position in Nutrien during the 2nd quarter worth approximately $212,000. 63.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on NTR. Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Berenberg Bank set a $65.00 target price on Nutrien and gave the stock a “hold” rating in a research note on Wednesday, June 10th. Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $74.00 to $90.00 in a report on Tuesday, May 5th. BNP Paribas Exane upgraded Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Tuesday, July 28th. Finally, Bank of America raised Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, April 30th. Sixteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.84.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.