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

NUTRIEN LTD.

(NTR)
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Nutrien : takes $587-million loss on phosphate fertilizer impairment charge

11/02/2020 | 06:20pm EST

SASKATOONNutrien Ltd. is reporting a third-quarter net loss of US$587 million thanks mainly to an US$823-million writedown in the value of its phosphate fertilizer operations.

The Saskatoon-based company, which reports its results in U.S. dollars, says its loss equates to $1.03 per diluted share, compared with earnings of $141 million or 24 cents per share in the same three months a year ago.

Nutrien says global phosphate prices have trended higher from strong demand in India and Brazil and trade flow changes due to countervailing duty investigations in the United States.

But the company says it is convinced the market is oversupplied, which could limit a long-term price recovery.

It is reporting sales in the three months ended Sept. 30 of $4.2 billion, up from $4.17 billion in the year-earlier period.

Adjusted earnings from Nutrien's potash operations fell 19 per cent in the third quarter compared with last year as strong sales volumes and lower costs per tonne were more than offset by lower net realized selling prices.

“Nutrien delivered another quarter of solid operating results with strong fertilizer sales volumes and exceptional growth of orders through our digital agriculture platform, surpassing $1 billion of sales," said CEO Chuck Magro in a statement.

"Market conditions are improving around the world with higher crop and fertilizer prices, lower expected inventories and strong demand for crop inputs as we finish the year and enter 2021."

This report by The Canadian Press was first published Nov. 2, 2020

Companies in this story: (TSX:NTR)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (USD)
Sales 2020 19 883 M - -
Net income 2020 206 M - -
Net Debt 2020 9 614 M - -
P/E ratio 2020 126x
Yield 2020 3,36%
Capitalization 30 502 M 30 510 M -
EV / Sales 2020 2,02x
EV / Sales 2021 1,91x
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 25
Average target price 53,08 $
Last Close Price 53,59 $
Spread / Highest target 14,4%
Spread / Average Target -0,96%
Spread / Lowest Target -16,0%
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.11.48%30 510
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THE MOSAIC COMPANY24.47%10 857