What is Zacks Research’s Estimate for Nutrien Q4 Earnings?

Nutrien Ltd. (NYSE:NTR) – Equities researchers at Zacks Research lowered their Q4 2024 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 $0.38 per share for the quarter, down from their prior forecast of $0.51. The consensus estimate for Nutrien’s current full-year earnings is $3.59 per share. Zacks Research also issued estimates for Nutrien’s Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $1.97 EPS, Q4 2025 earnings at $0.72 EPS and FY2025 earnings at $3.54 EPS.

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

Several other brokerages have also recently weighed in on NTR. Wells Fargo & Company cut shares of Nutrien from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $62.00 to $50.00 in a research report on Tuesday, September 24th. HSBC lowered Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. TD Securities cut their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research note on Friday, September 20th. Finally, Mizuho cut their target price on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.33.

Nutrien Stock Performance

NTR stock opened at $45.91 on Thursday. Nutrien has a 1-year low of $44.65 and a 1-year high of $60.87. The business has a 50-day moving average price of $47.99 and a 200 day moving average price of $50.25. The company has a market capitalization of $22.67 billion, a P/E ratio of 30.81, a PEG ratio of 1.59 and a beta of 0.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Hedge Funds Weigh In On Nutrien

Several hedge funds have recently made changes to their positions in the company. Silchester International Investors LLP increased its holdings in shares of Nutrien by 164.4% in the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after purchasing an additional 6,642,075 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Nutrien in the third quarter valued at approximately $150,181,000. Bank of Montreal Can increased its holdings in Nutrien by 15.5% in the 2nd quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after buying an additional 1,794,333 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its position in Nutrien by 78.8% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock worth $121,271,000 after buying an additional 1,100,000 shares during the last quarter. Finally, National Bank of Canada FI raised its position in Nutrien by 34.0% during the 2nd quarter. National Bank of Canada FI now owns 4,066,629 shares of the company’s stock worth $205,385,000 after buying an additional 1,032,763 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.18%. Nutrien’s payout ratio is 144.97%.

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.