Zacks Research Decreases Earnings Estimates for Nutrien

Nutrien Ltd. (NYSE:NTR) – Equities researchers at Zacks Research lowered their FY2024 earnings estimates for shares of Nutrien in a research note issued on Tuesday, November 19th. Zacks Research analyst R. Department now anticipates that the company will earn $3.54 per share for the year, down from their prior forecast of $3.76. The consensus estimate for Nutrien’s current full-year earnings is $3.59 per share. Zacks Research also issued estimates for Nutrien’s Q3 2025 earnings at $0.54 EPS.

A number of other brokerages also recently issued reports on NTR. Wells Fargo & Company downgraded Nutrien from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $62.00 to $50.00 in a research report on Tuesday, September 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a report on Friday, September 20th. TD Securities reduced their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Mizuho reduced their price target on Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, UBS Group cut Nutrien from a “buy” rating to a “neutral” rating and dropped their target price for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $60.33.

Nutrien Stock Performance

Shares of Nutrien stock opened at $46.81 on Friday. 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 $23.12 billion, a PE ratio of 31.42, a P/E/G ratio of 1.59 and a beta of 0.82. The company has a 50-day simple moving average of $48.00 and a two-hundred day simple moving average of $50.23. Nutrien has a one year low of $44.65 and a one year high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 EPS.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.939 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a yield of 8.02%. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s dividend payout ratio is presently 144.97%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NTR. Acadian Asset Management LLC grew its position in shares of Nutrien by 9.6% in the first quarter. Acadian Asset Management LLC now owns 27,400 shares of the company’s stock valued at $1,488,000 after purchasing an additional 2,400 shares during the period. Covestor Ltd boosted its holdings in shares of Nutrien by 33.3% in the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after purchasing an additional 233 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Nutrien during the 1st quarter valued at $275,000. UniSuper Management Pty Ltd increased its holdings in shares of Nutrien by 84.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 7,000 shares of the company’s stock worth $380,000 after buying an additional 3,200 shares during the last quarter. Finally, Natixis raised its position in shares of Nutrien by 518.8% in the 1st quarter. Natixis now owns 31,490 shares of the company’s stock worth $1,711,000 after buying an additional 26,401 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

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.