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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Nutrien Ltd.    NTR   CA67077M1086

NUTRIEN LTD.

(NTR)
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Nutrien narrows 2020 profit forecast, posts third-quarter loss

11/02/2020 | 06:37pm EST

(Reuters) - Canadian fertilizer maker Nutrien Ltd on Monday narrowed its full-year profit forecast and said it has seen an improvement in market conditions globally, helped by higher crop and fertilizer prices.

The Saskatchewan-based company, the world's biggest fertilizer maker by capacity, also posted a net loss for the third quarter, hurt by an impairment charge of $823 million.

The company said it now expects 2020 adjusted net earnings to fall in the range of $1.60 to $1.85 per share, compared with its previous forecast of $1.50 to $1.90 per share.

Nutrien lowered the top-end of its full-year forecast for adjusted earnings before interest, taxes, depreciation and amortization to $3.5 to $3.7 billion, from $3.5 to $3.8 billion.

The company posted a net loss of $587 million, or $1.03 per share, for the third quarter ended Sept. 30, compared with a profit of $141 million, or 24 cents per share, a year earlier.

The impairment charge was related to a less favorable long-term outlook for phosphate prices and expected global supply imbalance, the company said.

Rival Mosaic Co on Monday reported a quarterly adjusted profit of 23 cents per share, beating analysts' average estimate of 17 cents per share, helped by higher gross margins.

(Reporting by Shradha Singh in Bengaluru; Editing by Maju Samuel)


© Reuters 2020
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Financials (USD)
Sales 2020 19 984 M - -
Net income 2020 203 M - -
Net Debt 2020 9 677 M - -
P/E ratio 2020 128x
Yield 2020 3,41%
Capitalization 29 957 M 29 992 M -
EV / Sales 2020 1,98x
EV / Sales 2021 1,87x
Nbr of Employees 22 300
Free-Float 99,2%
Chart NUTRIEN LTD.
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Nutrien Ltd. Technical Analysis Chart | NTR | CA67077M1086 | MarketScreener
Technical analysis trends NUTRIEN LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 54,23 $
Last Close Price 52,64 $
Spread / Highest target 17,8%
Spread / Average Target 3,03%
Spread / Lowest Target -14,5%
EPS Revisions
Managers and Directors
NameTitle
Charles V. Magro President, CEO & Non-Independent Director
Mayo M. Schmidt Chairman
Pedro Farah Chief Financial Officer & Executive Vice President
Brent D. Poohkay Chief Information Officer & Executive VP
Christopher M. Burley Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
NUTRIEN LTD.9.50%29 992
SOCIEDAD QUÍMICA Y MINERA DE CHILE S.A.16.48%14 939
THE SCOTTS MIRACLE-GRO COMPANY16.00%12 864
YARA INTERNATIONAL ASA8.88%11 964
SAUDI ARABIAN FERTILIZERS COMPANY13.52%11 635
THE MOSAIC COMPANY23.12%10 740