|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||20.60 - 21.04|
|52 Week Range||20.60 - 21.04|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
After the earnings were released, the stock price took a significant beating. Out of the 18 analysts in the above chart, ~22% or four analysts have a “strong buy” recommendation on the stock for the next 12-month period. About 39% or seven analysts have a “buy” recommendation on the stock, while 39% or seven analysts have a “hold” recommendation for Nutrien.
According to Mosaic, the margin expansion was due to higher realized prices, which we discussed earlier, and lower input costs such as phosphate rock costs. Agrium’s gross margins took a hit as a result of a higher input cost of phosphate rock and sulfur.
Nutrien, the world's biggest fertilizer company by capacity, also said higher input costs would shrink nitrogen and phosphate margins. The company, reporting its first results since the merger, said it expects full-year earnings before interest, taxes, depreciation and amortization of $3.2 billion to $3.7 billion, and earnings per share of between $2.10 and $2.60. Chief Executive Chuck Magro said that following the merger, the company achieved $40 million in run-rate synergies and was "focused on capturing half a billion dollars" in annual merger synergies by the end of 2019.
Nutrien also said fourth-quarter net earnings for Agrium fell to $18 million, or 13 cents per share, in the fourth quarter ended Dec 31 from $67 million, or 49 cents per share, a year earlier. Potash Corp reported a net loss from continuing operations of $120 million, or 14 cents per share, from a profit of $13 million, or 2 cents per share, a year earlier. Agrium's total sales rose 9.5 percent to $2.45 billion, while Potash Corp's sales were up 2 percent at $1.08 billion.
For the 52nd week of 2017 (ended December 30), Canadian Pacific Railway (CP) witnessed a 9.1% fall in its carload traffic. CP’s fall in carload traffic was steeper than the decline posted by US railroads overall, but compared with Canadian railroads’ freight volume loss, CP’s carload traffic loss was on par.
Nutrien Ltd, the fertilizer company formed this week by a merger of Potash Corp of Saskatchewan and Agrium, has committed to establishing its head office in the Canadian province of Saskatchewan and increasing corporate office jobs there, Saskatchewan premier Brad Wall said on Thursday. Wall said that in recent meetings, Nutrien's leading executives agreed to increase corporate office positions in Saskatchewan by 15 percent, to 300.
Nutrien Ltd. (TSX:NTR)(NYSE:NTR) hit the TSX, but should you pick it up? Or are the combined synergies going to be lacklustre?
Can Nutrien, the combined Potash Corporation of Saskatchewan Inc. (TSX:POT)(NYSE:POT) and Agrium Inc. (TSX:AGU)(NYSE:AGU) firm, shoot even higher in 2018?
Earlier, we discussed major agribusiness companies’ earnings, which have mostly fallen over the years. In 2018, their earnings are expected to rise. As shown in the above chart, agribusiness companies’…...
In addition to the regulatory approval from the US (MOO), this merger has also received approval from Canada, Russia, India, China, and Brazil.
Nitrogen prices remained weak for most of 2017, falling as much as 27% YoY (year-over-year). Ammonia, a fundamental nitrogen input, is further upgraded to nitrogen fertilizers such as urea and urea…
Potash (POT) and Agrium get final clearance for their merger deal which is expected to close effective Jan 1, 2018. The combined company, to be known as Nutrien, will commence trading on Jan 2.
On December 27, PotashCorp (POT) and Agrium (AGU) announced that they received regulatory approval from the US FTC (Federal Trade Commission) for their proposed merger.
WASHINGTON/CALGARY, Alberta (Reuters) - Potash Corp of Saskatchewan Inc (Toronto:POT.TO - News) and Agrium Inc (Toronto:AGU.TO - News) have received final regulatory clearance to merge, forming a new company to be known as Nutrien, the two firms said on Wednesday. The two Canadian fertilizer and chemical companies agreed to divest two of Agrium's U.S. production facilities to ensure merger approval from the U.S. Federal Trade Commission. PotashCorp and Agrium agreed in a settlement with the FTC to divest one facility to Itafos (TSXV:IFOS.V - News) and another to Trammo Inc, the FTC said.