Equities analysts expect that Nutrien Ltd. (NYSE:NTR) will post $3.58 billion in sales for the current quarter, according to Zacks. Four analysts have made estimates for Nutrien’s earnings, with the lowest sales estimate coming in at $3.34 billion and the highest estimate coming in at $3.84 billion. Nutrien posted sales of $3.44 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.1%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 16th.

According to Zacks, analysts expect that Nutrien will report full-year sales of $20.06 billion for the current year, with estimates ranging from $19.50 billion to $20.65 billion. For the next year, analysts anticipate that the firm will post sales of $21.19 billion, with estimates ranging from $19.89 billion to $22.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Nutrien.

Nutrien (NYSE:NTR) last released its earnings results on Monday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.16. The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $3.83 billion. Nutrien had a return on equity of 4.19% and a net margin of 0.47%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share.

A number of brokerages recently commented on NTR. BMO Capital Markets lifted their price objective on Nutrien from $50.00 to $55.00 in a research report on Tuesday, December 1st. Raymond James lifted their price objective on Nutrien from $48.00 to $55.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 30th. Atlantic Securities downgraded Nutrien from a “neutral” rating to an “underweight” rating in a research report on Tuesday. TheStreet upgraded Nutrien from a “d+” rating to a “c-” rating in a research report on Friday, December 18th. Finally, Royal Bank of Canada lifted their price objective on Nutrien from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $49.12.

Several hedge funds and other institutional investors have recently modified their holdings of NTR. Engineers Gate Manager LP acquired a new stake in shares of Nutrien in the second quarter valued at $559,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Nutrien in the second quarter valued at $393,000. Stephens Inc. AR grew its stake in shares of Nutrien by 4.8% in the second quarter. Stephens Inc. AR now owns 19,279 shares of the company’s stock valued at $619,000 after buying an additional 878 shares in the last quarter. Ninety One UK Ltd acquired a new stake in shares of Nutrien in the second quarter valued at $3,463,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Nutrien in the second quarter valued at $2,109,000. 57.12% of the stock is owned by institutional investors and hedge funds.

Shares of Nutrien stock opened at $53.23 on Thursday. Nutrien has a one year low of $23.85 and a one year high of $55.12. The company has a market cap of $30.30 billion, a price-to-earnings ratio of 313.12, a PEG ratio of 3.62 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.85 and a current ratio of 1.39. The business’s 50 day moving average price is $49.14 and its 200 day moving average price is $40.77.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 14th. Stockholders of record on Thursday, December 31st will be paid a $0.346 dividend. The ex-dividend date is Wednesday, December 30th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.60%. Nutrien’s payout ratio is presently 82.95%.

About Nutrien

Nutrien Ltd. provides crop inputs and services. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating approximately 2,000 retail locations. The company was incorporated in 2017 and is headquartered in Saskatoon, Canada.

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