Scotiabank Comments on Yara International ASA’s FY2023 Earnings (OTCMKTS:YARIY)

Yara International ASA (OTCMKTS:YARIYFree Report) – Analysts at Scotiabank decreased their FY2023 earnings per share estimates for Yara International ASA in a research report issued on Tuesday, July 11th. Scotiabank analyst B. Isaacson now expects that the basic materials company will earn $3.27 per share for the year, down from their prior forecast of $3.95. The consensus estimate for Yara International ASA’s current full-year earnings is $2.54 per share.

Yara International ASA Price Performance

Shares of OTCMKTS:YARIY opened at $19.50 on Thursday. The company has a 50-day moving average price of $18.78 and a 200 day moving average price of $20.95. Yara International ASA has a 52 week low of $17.00 and a 52 week high of $23.95. The company has a quick ratio of 1.08, a current ratio of 2.13 and a debt-to-equity ratio of 0.41. The company has a market cap of $9.93 billion, a P/E ratio of 5.10 and a beta of 0.96.

Yara International ASA (OTCMKTS:YARIYGet Free Report) last issued its quarterly earnings data on Friday, April 28th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter. Yara International ASA had a return on equity of 25.37% and a net margin of 8.69%. The company had revenue of $4.16 billion for the quarter.

Yara International ASA Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 29th. Investors of record on Wednesday, June 14th were issued a $2.1375 dividend. This is an increase from Yara International ASA’s previous dividend of $0.37. This represents a yield of 13.28%. The ex-dividend date was Tuesday, June 13th. Yara International ASA’s dividend payout ratio is currently 56.02%.

About Yara International ASA

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Yara International ASA provides crop nutrition and industrial solutions in Norway, European Union, Europe, Africa, Asia, North and Latin America, Australia, and New Zealand. The company offers ammonium- and urea-based fertilizers; compound fertilizers that contain plant nutrients, such as nitrogen, phosphorus, and potassium; coatings; biostimulants; organic-based fertilizers; green fertilizers are nitrate-based mineral fertilizers, as well as foliar and fertigation solutions; and nitrate, calcium nitrate, micronutrient, and fertigation fertilizers.

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