Nutrien (NYSE:NTR) Releases Earnings Results, Misses Estimates By $0.09 EPS

Nutrien (NYSE:NTR) announced its earnings results on Wednesday. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09), Zacks reports. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion.

Nutrien Trading Up 1.8 %

Shares of Nutrien stock traded up $0.97 during mid-day trading on Thursday, hitting $53.42. The stock had a trading volume of 693,213 shares, compared to its average volume of 2,234,598. The firm has a 50-day moving average of $49.22 and a two-hundred day moving average of $48.16. Nutrien has a 12-month low of $43.69 and a 12-month high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The firm has a market cap of $26.17 billion, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 1.16 and a beta of 0.81.

Wall Street Analyst Weigh In

Several research firms have recently commented on NTR. TD Securities lowered their price objective on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. CIBC reiterated an “outperformer” rating and set a $55.00 price objective (down from $60.00) on shares of Nutrien in a research note on Tuesday, December 10th. Barclays restated an “equal weight” rating and set a $56.00 target price (up from $55.00) on shares of Nutrien in a research report on Tuesday, January 21st. Piper Sandler boosted their target price on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Finally, Oppenheimer assumed coverage on shares of Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $59.06.

About Nutrien

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.