|Bid||0.00 x 800|
|Ask||0.00 x 2900|
|Day's Range||4.63 - 4.78|
|52 Week Range||2.03 - 5.31|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.03|
Fertilizer affordability continued to improve last week as a result of broader weakness in fertilizer prices, particularly in urea and phosphates, as we discussed in the earlier parts of this series. This index is calculated with fertilizer prices in the numerator and crop prices in the denominator. Last week’s improvement in fertilizer affordability came primarily from the weakness in fertilizer prices, while the crop prices remained unchanged week-over-week. Note that an index level of one indicates that the fertilizer price to crop affordability was the same as in the base year of 2005.
Last week was broadly positive for the agribusiness sector. The VanEck Vectors Agribusiness ETF (MOO) ended in positive territory with a rise of 32 basis points. YTD (year-to-date), this ETF returned 1.7% as of May 11, which outperformed the S&P 500 Index’s (SPY) loss of 0.6%.
Intrepid Potash (IPI) reported its earnings on April 24 before the market opened. The company reported EPS (earnings per share) of $0.01, missing the analyst estimate of $0.02 per share. The stock closed at $4.09 and is trading almost 1.4% lower since the company reported its earnings.
Nearly a decade ago, Intrepid Potash, Inc. (NYSE: IPI ) traded close to $70. Steady corrosion has brought it to $4. Although not expected to scale its peaks any time soon, Intrepid may now boast marginal ...
Last week, the Fertilizer Affordability Index dipped further, indicating that the affordability of fertilizers such as nitrogen, phosphorous, and potassium had improved. Week-over-week, the index fell to 0.61 from 0.64, indicating higher fertilizer affordability. The Fertilizer Affordability Index is issued by The Mosaic Company (MOS), which indexes it to one in the base year of 2005. The index also breaks down affordability by fertilizer type.
Last week (ended May 4) was broadly positive for the agribusiness sector. The VanEck Vectors Agribusiness ETF (MOO) rose 27 basis points, and the broader-market S&P 500 (SPY) rose 57 basis points.
NEW YORK, May 09, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Extreme ...
Earlier in this series, we discussed how Mosaic’s (MOS) sales are estimated to grow 12% year-over-year in 1Q18 and by as much as 17% in the next four quarters. This growth is estimated to translate into higher gross margins as we see below. Wall Street analysts are estimating gross income of $262 million for Mosaic in 1Q18, which is almost double last year’s gross income.
Higher fertilizer affordability benefits Nutrien (NTR), Mosaic (MOS), Intrepid Potash (IPI), and Israel Chemicals (ICL). Below, we’ll discuss the Fertilizer Affordability Index level issued by Mosaic.
The Cornbelt region of the US, however, experienced a weekly decline of 74 basis points to $245 per metric ton from $247 per metric ton a week ago. Potash prices, while showing weakness last week, were broadly higher year-over-year, which was similar to what we saw for nitrogen and phosphate fertilizers.
CF Industries (CF) reported its 1Q18 earnings on May 2, after the market closed. The company reported EPS (earnings per share) of $0.27, beating analysts’ estimate of $0.26 and its 1Q17 EPS of -$0.10.
Intrepid Potash, Inc. (IPI) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front
Earlier, we saw that CF Industries’ (CF) gross margins are estimated to expand year-over-year in 1Q18 and in fiscal 2018. The EBITDA (earnings before interest, tax, depreciation, and amortization) margin gives us further insight into expectations surrounding the company’s cost initiatives.
In the previous part, we discussed how CF Industries’ (CF) earnings growth estimates are not fully reflected in the sales growth estimates. The company’s gross margins are expected to expand year-over-year in 1Q18 and in fiscal 2018, which helps explain the source of earnings growth. In 1Q18, CF Industries’ gross income is estimated to almost double year-over-year to $205 million from $106 million in 1Q17.
In the earlier part of this series, we discussed how CF Industries’ (CF) EPS (earnings per shares) are estimated to rise in the upcoming 1Q18 and for fiscal 2018. To understand the source of this EPS growth, let’s look at the sales growth estimates.
In this final part of the series, we’ll look at the Fertilizer Affordability Index last week for NPK (nitrogen, phosphorous, and potassium) fertilizers. Mosaic (MOS) issues this index weekly. The index level was set to one in the base year of 2005, which tells us the relationship between the prices of key NPK fertilizers in relation to the key fertilizer consuming crops such as corn, wheat, and soybeans. The higher affordability is favorable for volume shipments for CF Industries (CF), Nutrien (NTR), and Intrepid Potash (IPI).
Potash prices in the week ended April 20 were flat to positive at the locations we’ll cover below. Potash prices have remained strong so far in 2018, which is a relief for potash producers (MXI) Nutrien (NTR) (POT), Mosaic (MOS), and Intrepid Potash (IPI).
Last week, which ended on April 20, the agribusiness sector, reflected by the VanEck Agribusiness ETF (MOO), ended slightly lower week-over-week by 6 basis points. But it continues to stay in positive territory so far this year with a gain of 24 basis points YTD (year-to-date).
DENVER, April 24, 2018 - Intrepid Potash, Inc. (Intrepid) (NYSE:IPI) today reported its results for the first quarter of 2018. Key Q1 Takeaways · Net income of $1.8 million, or $0.01 per share, ...
Last week, potash prices remained strong with overall flat to positive movement. Prices in Brazil and Southeast Asia remained particularly strong week-over-week.