Raymond James Issues Negative Forecast for Nutrien Earnings

Nutrien Ltd. (NYSE:NTR) – Stock analysts at Raymond James cut their Q3 2024 earnings estimates for shares of Nutrien in a research note issued to investors on Monday, November 4th. Raymond James analyst S. Hansen now expects that the company will post earnings per share of $0.47 for the quarter, down from their prior estimate of $0.58. The consensus estimate for Nutrien’s current full-year earnings is $3.85 per share. Raymond James also issued estimates for Nutrien’s Q4 2024 earnings at $0.55 EPS, FY2024 earnings at $3.78 EPS and FY2025 earnings at $3.74 EPS.

Several other equities analysts have also weighed in on NTR. Mizuho cut their target price on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a report on Friday, September 20th. Barclays lowered their target price on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. TD Securities cut their price target on Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Scotiabank reduced their price target on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a report on Monday, August 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutrien presently has an average rating of “Hold” and an average target price of $60.67.

Nutrien Stock Up 5.0 %

Shares of NTR stock opened at $50.78 on Tuesday. Nutrien has a twelve month low of $44.65 and a twelve month high of $60.87. The stock has a market cap of $25.08 billion, a P/E ratio of 31.74, a P/E/G ratio of 1.57 and a beta of 0.82. The stock has a 50 day moving average of $47.89 and a 200 day moving average of $50.68. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.15. The firm had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The company’s revenue was down 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 earnings per share.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 27th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Friday, September 27th. Nutrien’s dividend payout ratio (DPR) is 135.00%.

Hedge Funds Weigh In On Nutrien

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NTR. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Nutrien by 5.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,379 shares of the company’s stock worth $727,000 after acquiring an additional 675 shares during the period. Janney Montgomery Scott LLC raised its stake in Nutrien by 0.6% during the first quarter. Janney Montgomery Scott LLC now owns 76,711 shares of the company’s stock worth $4,166,000 after purchasing an additional 431 shares during the period. Capstone Investment Advisors LLC boosted its holdings in Nutrien by 188.5% in the 1st quarter. Capstone Investment Advisors LLC now owns 11,095 shares of the company’s stock valued at $603,000 after purchasing an additional 7,249 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in shares of Nutrien in the 1st quarter valued at approximately $8,490,000. Finally, Lester Murray Antman dba SimplyRich increased its holdings in shares of Nutrien by 88.7% during the 1st quarter. Lester Murray Antman dba SimplyRich now owns 8,867 shares of the company’s stock worth $482,000 after buying an additional 4,169 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

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.