Brokers Issue Forecasts for Nutrien Ltd.’s Q2 2023 Earnings (TSE:NTR)

Posted by on Jun 14th, 2023

Nutrien Ltd. (TSE:NTR – Get Rating) – Analysts at Raymond James reduced their Q2 2023 earnings per share (EPS) estimates for Nutrien in a research report issued to clients and investors on Monday, June 12th. Raymond James analyst S. Hansen now forecasts that the company will post earnings of $3.52 per share for the quarter, down from their previous forecast of $3.89. Raymond James has a “Outperform” rating and a $80.00 price objective on the stock. The consensus estimate for Nutrien’s current full-year earnings is $8.86 per share.

Nutrien (TSE:NTR – Get Rating) last issued its earnings results on Wednesday, May 10th. The company reported C$1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.08 by C($0.58). Nutrien had a return on equity of 27.60% and a net margin of 19.32%. The company had revenue of C$8.26 billion during the quarter, compared to analyst estimates of C$9.03 billion.

Several other research analysts also recently issued reports on NTR. Scotiabank raised Nutrien from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, April 10th. Royal Bank of Canada cut their target price on Nutrien from C$110.00 to C$100.00 and set an “outperform” rating on the stock in a research note on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Moderate Buy” and an average target price of C$92.00.

Nutrien Stock Up 1.0 %

NTR stock opened at C$80.42 on Tuesday. The firm has a market capitalization of C$39.90 billion, a price-to-earnings ratio of 4.71, a PEG ratio of 0.36 and a beta of 0.87. Nutrien has a fifty-two week low of C$70.69 and a fifty-two week high of C$132.75. The company has a debt-to-equity ratio of 60.28, a quick ratio of 0.65 and a current ratio of 1.18. The company’s 50 day moving average price is C$86.63 and its 200 day moving average price is C$97.74.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $2.12 dividend on an annualized basis and a yield of 2.64%. Nutrien’s dividend payout ratio is currently 16.65%.

About Nutrien

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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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Earnings History and Estimates for Nutrien (TSE:NTR)

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