Nutrien (NTR) Set to Announce Quarterly Earnings on Wednesday

Nutrien (TSE:NTR - Get Free Report) is set to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$0.54 per share for the quarter.

Nutrien (TSE:NTR - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported C$0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.97 by C($0.47). Nutrien had a return on equity of 5.02% and a net margin of 4.48%. The business had revenue of C$7.71 billion for the quarter, compared to analyst estimates of C$7.10 billion.

Nutrien Stock Performance

Shares of TSE:NTR traded down C$0.37 on Wednesday, reaching C$72.22. 618,031 shares of the company's stock were exchanged, compared to its average volume of 1,280,951. The company has a current ratio of 1.17, a quick ratio of 0.65 and a debt-to-equity ratio of 49.86. The company has a market capitalization of C$35.72 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 0.36 and a beta of 0.97. The company has a fifty day moving average of C$72.52 and a 200-day moving average of C$73.07. Nutrien has a twelve month low of C$64.89 and a twelve month high of C$94.81.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $0.54 per share. This is a positive change from Nutrien's previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 annualized dividend and a dividend yield of 2.99%. Nutrien's dividend payout ratio (DPR) is currently 85.55%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reduced their price target on shares of Nutrien from C$75.00 to C$70.00 and set an "outperform" rating on the stock in a research report on Friday, February 23rd.

Insider Buying and Selling

In related news, Director Robert Kirkpatrick sold 7,317 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$53.14, for a total value of C$388,825.38. Following the completion of the transaction, the director now owns 566 shares of the company's stock, valued at approximately C$30,077.24. In related news, Senior Officer Andrew Kelemen acquired 400 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of C$71.51 per share, with a total value of C$28,604.00. Also, Director Robert Kirkpatrick sold 7,317 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$53.14, for a total transaction of C$388,825.38. Following the completion of the transaction, the director now directly owns 566 shares of the company's stock, valued at approximately C$30,077.24. In the last 90 days, insiders have bought 1,530 shares of company stock worth $109,899. Corporate insiders own 0.03% of the company's stock.

Nutrien Company Profile

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.