Zacks: Analysts Anticipate Potash Corporation of Saskatchewan Inc. (POT) Will Announce Quarterly Sales of $901.37 Million

Equities research analysts forecast that Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) will report $901.37 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Potash Corporation of Saskatchewan’s earnings, with estimates ranging from $901.23 million to $901.50 million. Potash Corporation of Saskatchewan reported sales of $928.00 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.9%. The business is expected to announce its next earnings results on Thursday, January 25th.

On average, analysts expect that Potash Corporation of Saskatchewan will report full-year sales of $901.37 million for the current fiscal year, with estimates ranging from $3.94 billion to $3.95 billion. For the next year, analysts anticipate that the business will report sales of $3.94 billion per share, with estimates ranging from $3.86 billion to $4.01 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Potash Corporation of Saskatchewan.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings data on Thursday, October 26th. The fertilizer maker reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Potash Corporation of Saskatchewan had a net margin of 10.21% and a return on equity of 5.01%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.10 EPS.

A number of research firms have recently weighed in on POT. UBS AG increased their price objective on Potash Corporation of Saskatchewan from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 27th. BMO Capital Markets reaffirmed a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Sunday, August 13th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $19.00 price target on shares of Potash Corporation of Saskatchewan in a research note on Friday, July 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.50 price target on shares of Potash Corporation of Saskatchewan in a research note on Thursday, September 14th. Finally, TD Securities raised Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating and raised their price target for the stock from $17.50 to $24.00 in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $19.94.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC boosted its position in Potash Corporation of Saskatchewan by 5.7% in the third quarter. First Eagle Investment Management LLC now owns 57,457,469 shares of the fertilizer maker’s stock worth $1,105,482,000 after purchasing an additional 3,101,115 shares during the last quarter. Capital International Investors boosted its position in Potash Corporation of Saskatchewan by 93.9% in the third quarter. Capital International Investors now owns 32,912,740 shares of the fertilizer maker’s stock worth $633,378,000 after purchasing an additional 15,938,140 shares during the last quarter. Jarislowsky Fraser Ltd boosted its position in Potash Corporation of Saskatchewan by 42.5% in the third quarter. Jarislowsky Fraser Ltd now owns 26,998,779 shares of the fertilizer maker’s stock worth $518,539,000 after purchasing an additional 8,052,975 shares during the last quarter. Vanguard Group Inc. boosted its position in Potash Corporation of Saskatchewan by 4.3% in the second quarter. Vanguard Group Inc. now owns 19,579,208 shares of the fertilizer maker’s stock worth $319,141,000 after purchasing an additional 804,672 shares during the last quarter. Finally, Carmignac Gestion boosted its position in Potash Corporation of Saskatchewan by 0.4% in the second quarter. Carmignac Gestion now owns 12,299,830 shares of the fertilizer maker’s stock worth $200,487,000 after purchasing an additional 43,900 shares during the last quarter. Institutional investors own 57.71% of the company’s stock.

Shares of Potash Corporation of Saskatchewan (NYSE POT) opened at $19.05 on Friday. The firm has a market capitalization of $15,753.07, a P/E ratio of 37.50, a PEG ratio of 4.58 and a beta of 0.46. Potash Corporation of Saskatchewan has a 52 week low of $15.74 and a 52 week high of $20.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.50 and a current ratio of 0.99.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, September 29th were issued a $0.10 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 2.10%. Potash Corporation of Saskatchewan’s payout ratio is 72.73%.

Potash Corporation of Saskatchewan Company Profile

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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