Nutrien Ltd. (TSE:NTR – Get Rating) – Stock analysts at Raymond James dropped their Q2 2023 earnings estimates for shares of Nutrien in a note issued to investors on Wednesday, April 5th. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $4.60 for the quarter, down from their previous forecast of $4.84. The consensus estimate for Nutrien’s current full-year earnings is $13.55 per share. Raymond James also issued estimates for Nutrien’s Q3 2023 earnings at $2.01 EPS.
Several other research analysts also recently issued reports on NTR. Royal Bank of Canada lowered their price objective on shares of Nutrien from C$115.00 to C$110.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 21st. Credit Suisse Group assumed coverage on shares of Nutrien in a research report on Monday, January 9th. They set a “sell” rating and a C$65.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Nutrien has a consensus rating of “Moderate Buy” and an average price target of C$104.57.
Nutrien Trading Down 4.6 %
Nutrien (TSE:NTR – Get Rating) last announced its quarterly earnings results on Wednesday, February 15th. The company reported C$2.74 EPS for the quarter, missing the consensus estimate of C$3.56 by C($0.82). Nutrien had a return on equity of 31.02% and a net margin of 20.70%. The company had revenue of C$10.23 billion for the quarter, compared to analyst estimates of C$10.22 billion.
Nutrien Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Friday, March 31st will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, March 30th. This is a positive change from Nutrien’s previous quarterly dividend of $0.48. Nutrien’s payout ratio is currently 14.68%.
About Nutrien
Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.
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