The Potash Corporation of Saskatchewan Inc. (POT) Issues Quarterly Earnings Results

The Potash Corporation of Saskatchewan Inc. (POT) Issues Quarterly  Earnings Results

Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) announced its earnings results on Thursday. The fertilizer maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.06), MarketWatch Earnings reports. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm earned $0.10 earnings per share. Potash Corporation of Saskatchewan’s revenue for the quarter was up 8.6% compared to the same quarter last year. Potash Corporation of Saskatchewan updated its FY17 guidance to $0.56-0.62 EPS.

Shares of Potash Corporation of Saskatchewan (POT) traded down 1.652% during midday trading on Thursday, reaching $19.345. 5,857,320 shares of the company were exchanged. Potash Corporation of Saskatchewan has a 52-week low of $15.74 and a 52-week high of $20.27. The company has a market capitalization of $16.25 billion, a P/E ratio of 34.058 and a beta of 0.48. The stock has a 50-day moving average price of $18.99 and a 200 day moving average price of $17.46.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, September 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, September 28th. Potash Corporation of Saskatchewan’s dividend payout ratio is presently 67.80%.

Several analysts have issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and set a $20.50 target price on shares of Potash Corporation of Saskatchewan in a research note on Friday, August 11th. BMO Capital Markets reissued a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Sunday, August 13th. Royal Bank Of Canada reissued a “buy” rating and set a $20.00 target price on shares of Potash Corporation of Saskatchewan in a research note on Wednesday, October 18th. Zacks Investment Research downgraded shares of Potash Corporation of Saskatchewan from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, HSBC Holdings plc assumed coverage on shares of Potash Corporation of Saskatchewan in a research note on Wednesday, October 11th. They set a “buy” rating and a $24.25 target price on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $19.16.

About Potash Corporation of Saskatchewan

Potash Corporation of Saskatchewan Inc (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, it owned and operated five potash operations in Saskatchewan and owned one in New Brunswick.

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