By Ketki Saxena
Investing.com -- Nutrien (TSX:NTR) Ltd., a provider of crop inputs and services, is scheduled to release its quarterly earnings data after the market closes on Wednesday, August 2nd, 2023. Analysts expect the company to post earnings of C$4.01 per share for the quarter, a significant increase from its last quarterly earnings data released on Wednesday, May 10th, 2023.
In May, Nutrien reported earnings per share of C$1.50 for the quarter, falling short of analysts’ consensus estimates of C$2.08 by C($0.58). The company also missed revenue expectations, generating C$8.26 billion compared to the anticipated C$9.03 billion. Despite this, Nutrien maintained a net margin of 19.32% and a return on equity of 27.60%.
Nutrien also announced a quarterly dividend which was paid on Friday, July 14th to shareholders of record on Friday, June 30th. This represents an annualized dividend of $2.12 and a dividend yield of 2.36%. Nutrien’s payout ratio is presently 16.45%.
The company's market capitalization stands at C$44.47 billion, with a PE ratio of 5.30 and a beta of 0.95. Over the past year, Nutrien's stock has ranged from a low of C$70.69 to a high of C$132.75.
Equities research analysts have offered mixed opinions on Nutrien's stock in recent months. Scotiabank (TSX:BNS) upgraded shares from a “sector perform” rating to a “sector outperform” rating in April while Veritas Investment Research downgraded shares from a “buy” rating to a “reduce” rating in late June.
As of midday on Monday July 31, Nutrien shares were trading at C$90.55.
Investing Pro models suggest a fair price target of C$122.11, representing a 34.9% financial upside.