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

Nutrien (NYSE:NTR) released its quarterly earnings results on Wednesday. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09), Zacks reports. Nutrien had a return on equity of 6.99% and a net margin of 2.79%.

Nutrien Price Performance

Shares of NTR traded up $0.69 during mid-day trading on Wednesday, reaching $52.35. The company had a trading volume of 2,798,533 shares, compared to its average volume of 2,288,583. The company’s 50 day simple moving average is $49.13 and its 200 day simple moving average is $48.13. Nutrien has a 1-year low of $43.69 and a 1-year high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The company has a market capitalization of $25.71 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 1.14 and a beta of 0.81.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. UBS Group raised their price target on shares of Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Oppenheimer assumed coverage on shares of Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. Wells Fargo & Company raised their price target on shares of Nutrien from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 28th. Barclays reaffirmed an “equal weight” rating and set a $56.00 price target (up from $55.00) on shares of Nutrien in a research report on Tuesday, January 21st. Finally, TD Securities lowered their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Nutrien Company Profile

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.