NTR.TO - Nutrien Ltd.

Toronto - Toronto Delayed Price. Currency in CAD
+0.80 (+1.21%)
At close: 4:00PM EDT
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Previous Close66.11
Bid66.88 x 0
Ask66.88 x 0
Day's Range65.68 - 66.97
52 Week Range59.97 - 76.17
Avg. Volume1,238,022
Market Cap38.331B
Beta (3Y Monthly)1.24
PE Ratio (TTM)13.19
EPS (TTM)5.07
Earnings DateNov 5, 2019
Forward Dividend & Yield2.37 (3.59%)
Ex-Dividend Date2019-09-27
1y Target Est62.84
  • Bloomberg

    U.S. Rain That Left Top Fertilizer Maker Unscathed Bruises Rival

    (Bloomberg) -- The world’s top two fertilizer makers have emerged from a tough crop-planting season in the U.S. very differently: one bruised and the other relatively unscathed.World No. 2 crop-nutrient maker Mosaic Co. reported adjusted earnings that missed analyst estimates for the second quarter, during which the U.S. Midwest was in the grip of the wettest 12 months on record that kept farmers away from fields. The Minnesota-based company was hurt by falling sales volumes and weak margins for phosphate, which is used in nutrients that help plants grow.The firm also reduced its full-year forecast, and analysts say it may have to cut its view again. Shares of the company slumped as much as 13%, the most in six years. The stock has declined 29% this year.Mosaic’s results stand in contrast to Nutrien Ltd. -- the top producer -- which reported earnings and revenue that beat analyst estimates in the quarter. The Saskatoon, Saskatchewan-based company was aided by higher prices for potash, which forms the basis of a different class of crop fertilizers.New York shares of Nutrien, which have risen about 9% this year, swung between gains and losses on Tuesday. At 10:31 a.m., they were down 1.7%. The company was able to ship its potash nutrient to the U.S. Midwest from Saskatchewan in Canada during the second quarter, helping its results.Mosaic’s phosphate-based product, meanwhile, was stuck in the flooded Mississippi River on its way to the Midwest due to the unrelenting rains in the U.S.Trapped Supply“As a result of weak spring demand and a high level of imports trapped in the lower Mississippi River, market prices remained under pressure and the seasonal price improvement we typically see in the second quarter did not materialize,” Mosaic Chief Financial Officer Clint Freeland said during an investor call.Diverging prices of the two fertilizers also help explain the companies’ differing fortunes. Phosphate has declined by $107 a ton from 2018’s peak in October on reduced fall and spring demand due to wet weather and higher-than-expected imports in the season, Bloomberg Intelligence estimated last month, adding that it could remain under pressure because of new capacity in the second half.At the same time, potash prices last month were $15 a ton higher than a year earlier and $10 a ton above the seasonal five-year price, according to Bloomberg Intelligence, which said strong global demand and a slow ramp-up of new capacity supports a positive outlook.While Mosaic announced in June the permanent closure of its Plant City phosphates facility, Nutrien said last month that it plans $1 billion in investments in Brazil. It will compete in the Latin American nation with Mosaic and Norway’s Yara International ASA, two companies that INTL FCStone Inc. estimates account for 46% of total sales in that market.To contact the reporters on this story: Denitsa Tsekova in New York at dtsekova@bloomberg.net;Ashley Robinson in Winnipeg (Non BLP Loc) at arobinson193@bloomberg.netTo contact the editors responsible for this story: James Attwood at jattwood3@bloomberg.net, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of NTR.TO earnings conference call or presentation 30-Jul-19 2:01pm GMT

    Q2 2019 Nutrien Ltd Earnings Call

  • Mosaic Stock Upgraded Ahead of Earnings: What You Need to Know
    Motley Fool

    Mosaic Stock Upgraded Ahead of Earnings: What You Need to Know

    One analyst thinks a wet spring and summer could lead to a "bumper" year in 2020.

  • Nutrien Uses Global Fertilizer Strength to Offset Weak U.S. Planting in Q2
    Motley Fool

    Nutrien Uses Global Fertilizer Strength to Offset Weak U.S. Planting in Q2

    International sales of potash more than made up for stagnant retail profits in the first half of 2019.

  • China Buying More U.S. Farm Goods Is a Dead End

    China Buying More U.S. Farm Goods Is a Dead End

    (Bloomberg Opinion) -- With trade talks collapsing between the U.S. and China in Shanghai on Wednesday, there’s even less hope of any resumption in American farm exports, which were once portrayed as the foundation of any agreement.That’s not good enough, according to President Donald Trump:Had a trade detente materialized, those expecting a rapid return to the status quo on farm trade likely would have found themselves disappointed, anyway. The current tensions have dealt a lasting blow that could take decades to heal.To understand why, consider Chinese Foreign Minister Wang Yi’s visit to Brazil last week. Relations between Beijing and Brasilia have been rocky ever since the election last year of President Jair Bolsonaro, a pro-Trump populist who has accused China of trying to buy Brazil and angered Beijing with a visit to Taiwan during his election campaign.The tone from China has been conciliatory, though, even in the face of personal snubs, with Wang promising two meetings between Bolsonaro and President Xi Jinping later this year. That’s a remarkable display of pragmatism for a country that can be exceedingly prickly about its diplomatic dignity.The best explanation for this is Beijing’s legendary anxiety about food security. China’s staple crops of rice, wheat and corn are protected with tariffs as high as 65% to ensure the country doesn’t become dependent on imports.(1) While Trump has been keen to increase farm revenues in the Republican-voting grain belt, his willingness to turn exports of U.S. technology into a bargaining chip naturally raises the prospect of Washington some day turning food supplies into a cudgel, too.In recent decades, episodes when major commodity exporters threatened their trading partners often sparked the development of new supplies in other countries. The 1973 Arab oil embargo was the catalyst for the development of new oilfields in the North Sea, Alaska and Siberia. The fact that soybeans are grown in Brazil at all owes a great deal to another 1973 embargo, when President Richard Nixon sharply cut exports to Japan to prevent domestic supplies from running short.Japanese investment was so crucial to developing Brazil’s Cerrado savanna for soybean in the following decades that one of the main local cultivars is named after Toshio Doko, a leading figure of Japan’s postwar industrialization.The current trade tensions look to be extending the shift that Nixon started.Back in May, the U.S. Department of Agriculture announced that Brazil was set to overtake the U.S. as a producer of soybeans in the current crop year. Since then, the devastation wreaked by flooding in the U.S. Midwest has increased South America’s lead. Traditionally, the two countries exported roughly equal quantities of soybeans; in the coming harvest, Brazil will ship about three metric tons of oilseeds for every two tons dispatched from American ports.Agricultural companies are already moving to take advantage. Nutrien Ltd. will spend $200 million to $300 million a year over the next five years to build up its presence in Brazil, Chief Executive Officer Chuck Magro told Denitsa Tsekova of Bloomberg News on Tuesday. That pace of growth, equivalent to as much as a fifth of capital spending at current rates, is a remarkable shift for a company that’s historically had a minimal presence in the country. Revenues from external customers in Brazil came to just $112 million in 2018, about 0.6% of total third-party sales.It’s a similar picture with Nutrien’s chief North American rival, Mosaic Co., which now gets a larger share of its revenue from Brazil than the U.S. following the acquisition of Vale SA’s fertilizer business last year: “While the trade war is certainly going to affect U.S. farmers, it created an opportunity for Brazilian farmers,” James O’Rourke, Mosaic’s chief executive officer, told an investor call in May. “China will get their grains and oilseeds and it’s just a matter of where those come from as opposed to whether they come. But clearly this trade war is not good for the U.S. farmer. I mean that is an absolute given.”One might think that such a shift would strain the capacity of Brazil’s farmland, but it still has ample potential to increase production. Converting pastures used for feeding livestock into arable land for grains and oilseeds could add 43 million hectares in the Cerrado region where most of the country’s soybeans are grown, local grain producer SLC Agricola SA told an industry conference last year. That would increase the area under such crops by about half.China’s main motivation in halting imports of U.S. farm produce has been trade retaliation, but don’t underestimate the way that temporary moves can become permanent. At present, Beijing may be hunting for alternative sources of nutrition to punish Washington. In the future, it could start doing so for its own sake. (Updates to reflect the status of trade talks.)(1) There's a small quota allowed in with lower levies, but it's rarely fully utilized and represents only a small fraction of overall demand.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Nutrien Ltd. (NTR) Q2 2019 Earnings Call Transcript
    Motley Fool

    Nutrien Ltd. (NTR) Q2 2019 Earnings Call Transcript

    NTR earnings call for the period ending June 30, 2019.

  • Business Wire

    Nutrien Declares Quarterly Dividend of US$0.45 per Share

    Nutrien Ltd. (Nutrien) announced today that its Board of Directors has declared a quarterly dividend of US$0.45 per share payable October 17, 2019 to shareholders of record on September 30, 2019. Registered shareholders who are residents of Canada as reflected in Nutrien's shareholders register, as well as beneficial holders (i.e. Registered shareholders resident outside of Canada as reflected in Nutrien's shareholders register, including the United States, as well as beneficial holders whose intermediary is a participant in The Depository Trust Company or its nominee, Cede & Co., will receive their dividend in US dollars.

  • Reuters

    UPDATE 2-Fertilizer dealer Nutrien sees big corn comeback in 2020, following U.S. floods

    Fertilizer producer and farm supply dealer Nutrien Ltd expects U.S. farmers to plant as many as 95 million acres (38.5 million hectares) of corn next year, the most in seven years, after a frustrating year of floods, its chief executive said. The wet conditions left millions of acres unplanted across the U.S. farm belt, but have also lifted corn prices and given farmers incentive to sow more next year, Chief Executive Chuck Magro said on a quarterly conference call on Tuesday.

  • Reuters

    UPDATE 1-Nutrien misses profit estimates, cuts forecast on trade war, weather

    Nutrien Ltd missed estimates for quarterly earnings and cut its full-year adjusted profit forecast on Monday, as the fertilizer maker struggles with recent floods in the U.S. midwest that delayed planting and a prolonged trade war. Record floods devastated a wide swath of the U.S. Farm Belt, including Iowa, Nebraska, South Dakota, in March delaying spring planting season. "U.S. weather in the first half was so severe it nearly eliminated global demand growth for crop inputs", Chief Executive Officer Chuck Magro said in a statement.

  • Morningstar

    Long-Term Opportunities in Agriculture Stocks

    Fewer acres planted will likely result in lower crop input volumes, but we expect profit impacts to be short-lived.

  • Reuters

    Australian antitrust watchdog seeks views on Landmark-Ruralco deal

    Under the draft undertaking, Nutrien's wholly owned unit Landmark would divest three rural merchandise stores located in Broome, Alice Springs and Hughenden to address antitrust concerns raised by the regulator. Nutrien operates in Australia through Landmark, which is one of the the country's largest agricultural businesses.

  • Reuters

    UPDATE 1-Australian antitrust watchdog seeks views on Landmark-Ruralco deal

    Under the draft undertaking, Nutrien's wholly owned unit Landmark would divest three rural merchandise stores located in Broome, Alice Springs and Hughenden to address antitrust concerns raised by the regulator. Nutrien operates in Australia through Landmark, which is one of the the country's largest agricultural businesses.

  • 3 International Companies Whose Products You May Soon Be Using
    Motley Fool

    3 International Companies Whose Products You May Soon Be Using

    The world's a pretty big place. Expand your portfolio's horizons with these international businesses.

  • Business Wire

    Nutrien Announces Release Dates for Second Quarter 2019 Results and Conference Call

    Nutrien will host a conference call the following day, Tuesday, July 30, 2019 at 10:00 a.m. EDT to discuss and answer investor questions on second quarter results and the outlook. Management invites you to listen to the conference call by using the dial-in number 1-877-702-9274. A webcast of the conference call and the presentation slides can be accessed by visiting Nutrien’s website, www.nutrien.com/investors/events.

  • 3 Dividend Stocks That Are Perfect for Retirement
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    3 Dividend Stocks That Are Perfect for Retirement

    Whether you're reading this from a hammock or planning for retirement years from now, these three income stocks can help you to build wealth.

  • 3 ETFs to Plow Gains in John Deere

    3 ETFs to Plow Gains in John Deere

    Deere's diversification makes it resilient during downturns. Discover three ETFs that provide exposure to the agricultural machinery company.

  • Reuters

    UPDATE 2-Norway wealth fund allowed to invest again in Walmart, Rio Tinto, others

    Norway's $1 trillion wealth fund can invest again in miner Rio Tinto and retailer Walmart after their exclusions from the fund's investments on ethical grounds were revoked, the board of the central bank said on Tuesday. The issue was Rio Tinto's stake in the mine, which according to the Norwegian finance ministry at the time, discharged very large amounts of tailings directly into a natural river system.

  • Business Wire

    Nutrien Ag Solutions Announces Digital Collaboration with BASF’s xarvio Digital Farming Solutions

    Nutrien Ag Solutions announced today a digital collaboration with xarvio Digital Farming Solutions, part of BASF’s Agricultural Solutions division. As part of this partnership, the xarvioTM SCOUTING app will be offered within the Nutrien Ag Solutions Customer Portal, to provide its customers easy access to this leading agronomic tool. Nutrien Ag Solutions is building an open digital ecosystem that leverages deep agronomic data science and leading-edge technology to help growers achieve the best possible outcomes on their farms.

  • Reuters

    Australia's antitrust regulator raises concerns over Landmark-Ruralco deal

    Australia's competition regulator said on Thursday it was examining whether a proposed takeover of Ruralco Holdings Ltd could reduce wholesale competition and lead to discrimination against some independent retail stores. In February, rural services firm Ruralco got a A$469 million ($337 million) all-cash takeover offer from Canadian fertilizer giant Nutrien Ltd. Nutrien operates in Australia through its wholly-owned unit Landmark, one of the largest agricultural businesses in Australia.