Wall Street brokerages predict that Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) will announce $1.00 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Potash Corporation of Saskatchewan’s earnings. The highest sales estimate is $1.04 billion and the lowest is $972.40 million. Potash Corporation of Saskatchewan reported sales of $982.00 million during the same quarter last year, which indicates a positive year over year growth rate of 1.8%. The company is expected to issue its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that Potash Corporation of Saskatchewan will report full-year sales of $1.00 billion for the current financial year, with estimates ranging from $3.86 billion to $4.00 billion. For the next financial year, analysts expect that the business will report sales of $3.97 billion per share, with estimates ranging from $3.89 billion to $4.04 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Potash Corporation of Saskatchewan.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. Potash Corporation of Saskatchewan’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 EPS.

Several research firms have recently commented on POT. Scotiabank raised shares of Potash Corporation of Saskatchewan from a “sector perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Monday, July 10th. Zacks Investment Research cut shares of Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $19.00 target price on shares of Potash Corporation of Saskatchewan in a research report on Friday, July 28th. Cowen and Company set a $16.00 target price on shares of Potash Corporation of Saskatchewan and gave the stock a “hold” rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $17.00 target price on shares of Potash Corporation of Saskatchewan in a research report on Friday, July 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $18.25.

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Large investors have recently added to or reduced their stakes in the business. San Francisco Sentry Investment Group CA bought a new stake in Potash Corporation of Saskatchewan during the 2nd quarter valued at about $104,000. Financial Architects Inc increased its stake in Potash Corporation of Saskatchewan by 11.7% during the 2nd quarter. Financial Architects Inc now owns 6,700 shares of the fertilizer maker’s stock valued at $109,000 after purchasing an additional 700 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in Potash Corporation of Saskatchewan by 1.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock valued at $110,000 after purchasing an additional 122 shares in the last quarter. Lowe Wealth Advisors LLC increased its stake in Potash Corporation of Saskatchewan by 12.7% during the 2nd quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock valued at $123,000 after purchasing an additional 845 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Potash Corporation of Saskatchewan by 126.8% during the 2nd quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock valued at $162,000 after purchasing an additional 5,530 shares in the last quarter. Institutional investors and hedge funds own 56.97% of the company’s stock.

Potash Corporation of Saskatchewan (NYSE:POT) traded down 0.026% during trading on Wednesday, reaching $19.295. 375,278 shares of the company traded hands. The firm’s 50 day moving average price is $17.71 and its 200 day moving average price is $17.06. Potash Corporation of Saskatchewan has a 12-month low of $15.72 and a 12-month high of $20.27. The firm has a market capitalization of $16.21 billion, a price-to-earnings ratio of 33.970 and a beta of 0.48.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.07%. Potash Corporation of Saskatchewan’s dividend payout ratio is currently 67.80%.

Potash Corporation of Saskatchewan Company Profile

Potash Corporation of Saskatchewan Inc (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, it owned and operated five potash operations in Saskatchewan and owned one in New Brunswick.

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