Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

NUTRIEN LTD.

(NTR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Nutrien : cuts 2020 adjusted profit forecast on weak ammonia prices

share with twitter share with LinkedIn share with facebook
08/10/2020 | 11:53pm EDT

Canadian fertilizer maker Nutrien Ltd on Monday cut its annual adjusted profit forecast as weaker-than-normal industrial demand held back prices for ammonia and urea ammonium nitrate.

The company cut the top end of its 2020 adjusted earnings per share forecast to $1.90 from $2.10 earlier, while retaining the lower end at $1.50.

Even as industrial utilization picked up in Asia, weak demand in Western Hemisphere hurt ammonia prices, Nutrien said.

The company said demand for urea was strong in India and expects Chinese urea exports to pick up pace in the second half, though they are lower year-on-year.

Revenue of $8.18 billion for the second quarter missed analysts' estimate of $8.35 billion, according to Refinitiv IBES.

Potash sales volumes in North America rose from an increase in U.S. planted acreage and more normal weather this spring, but prices still suffered as the benchmark was dragged by weak demand abroad.

Net potash sales outside of North America declined about 40% due to lower Chinese import demand and some short-term cautious spot purchasing in certain international markets, the company said.

The Saskatoon, Saskatchewan-based company's net income fell to $765 million, or $1.34 per share, in the three months ended June 30, from $858 million, or $1.47 per share, a year earlier.

On an adjusted basis, it earned $1.45 per share, beating expectations of $1.33, helped by lower costs.

(Reporting by Arunima Kumar in Bengaluru; Editing by Devika Syamnath and Sriraj Kalluvila)


Stocks mentioned in the article
ChangeLast1st jan.
ACREAGE HOLDINGS, INC. -1.07% 2.77 End-of-day quote.-53.21%
NUTRIEN LTD. 2.00% 54.55 Delayed Quote.-13.98%
share with twitter share with LinkedIn share with facebook
All news about NUTRIEN LTD.
10/28NUTRIEN LTD. : quaterly earnings release
10/16NUTRIEN : Announces Release Dates for Third Quarter 2020 Results and Conference ..
AQ
10/15NUTRIEN : Announces Release Dates for Third Quarter 2020 Results and Conference ..
BU
10/14NUTRIEN : to Host Investor Day on November 30, 2020
AQ
10/13NUTRIEN : to Host Investor Day on November 30, 2020
BU
09/23CAPITAL POWER : Jobs for Alberta, innovative tech for the world
AQ
08/17Strike in Belarus by Potash Miners Pressures President, Clouds Commodity Mark..
DJ
08/11NUTRIEN : North American ammonium nitrate laws best in world, Nutrien CEO says
RE
08/10NUTRIEN : cuts 2020 adjusted profit forecast on weak ammonia prices
RE
08/10NUTRIEN : cuts 2020 adjusted profit forecast on weak ammonia prices
RE
More news
Financials (USD)
Sales 2020 19 538 M - -
Net income 2020 923 M - -
Net Debt 2020 9 370 M - -
P/E ratio 2020 25,3x
Yield 2020 4,40%
Capitalization 23 301 M 23 250 M -
EV / Sales 2020 1,67x
EV / Sales 2021 1,60x
Nbr of Employees 22 300
Free-Float 99,2%
Chart NUTRIEN LTD.
Duration : Period :
Nutrien Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NUTRIEN LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 48,70 $
Last Close Price 40,94 $
Spread / Highest target 51,2%
Spread / Average Target 18,9%
Spread / Lowest Target 0,15%
EPS Revisions
Managers
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