$8.70 Billion in Sales Expected for Nutrien Ltd (NYSE:NTR) This Quarter

Brokerages predict that Nutrien Ltd (NYSE:NTR) will report sales of $8.70 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Nutrien’s earnings. The highest sales estimate is $8.97 billion and the lowest is $8.31 billion. Nutrien posted sales of $8.66 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 0.5%. The company is scheduled to report its next earnings results on Monday, August 3rd.

On average, analysts expect that Nutrien will report full-year sales of $20.40 billion for the current fiscal year, with estimates ranging from $19.49 billion to $21.79 billion. For the next financial year, analysts anticipate that the business will report sales of $21.14 billion, with estimates ranging from $20.00 billion to $23.00 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Nutrien.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). Nutrien had a return on equity of 4.66% and a net margin of 4.49%. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period last year, the company earned $0.20 earnings per share. The business’s quarterly revenue was up 12.6% compared to the same quarter last year.

A number of equities analysts recently issued reports on the company. TD Securities decreased their price objective on Nutrien from $45.00 to $44.00 and set a “buy” rating for the company in a report on Friday, May 8th. Stifel Nicolaus cut their target price on Nutrien from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Sanford C. Bernstein upgraded Nutrien from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $53.00 to $52.00 in a research report on Monday, March 2nd. BMO Capital Markets upped their target price on Nutrien from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $45.00 target price on shares of Nutrien in a research report on Sunday, May 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $49.48.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTR. Lindbrook Capital LLC lifted its holdings in shares of Nutrien by 227.1% in the first quarter. Lindbrook Capital LLC now owns 736 shares of the company’s stock valued at $25,000 after purchasing an additional 511 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new stake in shares of Nutrien in the fourth quarter valued at $26,000. Harwood Advisory Group LLC purchased a new stake in shares of Nutrien in the first quarter valued at $28,000. Americana Partners LLC purchased a new stake in shares of Nutrien in the fourth quarter valued at $29,000. Finally, CFM Wealth Partners LLC acquired a new position in shares of Nutrien in the first quarter worth $33,000. Institutional investors own 62.15% of the company’s stock.

NTR stock traded up $0.07 on Monday, reaching $32.65. The company’s stock had a trading volume of 1,914,115 shares, compared to its average volume of 1,893,677. Nutrien has a 52 week low of $23.85 and a 52 week high of $55.25. The company has a market capitalization of $18.82 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87. The firm has a fifty day moving average of $34.83 and a two-hundred day moving average of $38.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 0.59.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.51%. Nutrien’s dividend payout ratio (DPR) is presently 82.95%.

Nutrien Company Profile

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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