Stock trading in green: Nutrien Ltd (NYSE: NTR)

Free $100 Forex No-Deposit Bonus

Nutrien Ltd (NYSE: NTR) stock rose over 1.7% on 19th Feb, 2020 (Source: Google finance) on better than estimated performance. The company has generated $2.2 billion in free cash flow in 2019, which is an increase of 9 percent over last year, and $2.6 billion in free cash flow including changes in non-cash working capital in 2019, which is more three times higher than in 2018. The company has generated $2.2 billion in free cash flow in 2019, which is an increase of 9 percent over last year, and $2.6 billion in free cash flow including changes in non-cash working capital in 2019, which is more three times higher than in 2018.

But the company has reported a net loss from continuing operations of $48 million, in the fourth quarter ended Dec. 31, compared to a profit of $296 million a year earlier. Nutrien has recorded charges of $128 million, mainly related to the rebranding of the Australian retail business after the Ruralco acquisition. Moreover, Potash EBITDA had fallen 62 percent in the fourth quarter of 2019 compared to the same period in 2018 on the back of lower sales volumes and lower net realized selling prices caused by a temporary reduction in global demand, the impact of production downtime and the Canadian National Railway labor strike. 2019 potash adjusted EBITDA was in line to 2018 as higher average net realized selling prices were mostly offset by lower sales volumes. Retail’s EBITDA increased 8 percent in the fourth quarter and 2 percent in the full year 2019, compared to the same periods in 2018. Nutrien’s sales, service and supply chain strength led to the growth of market share and the company expect strong EBITDA growth in 2020 due to contributions from acquisitions, improved market conditions and organic growth. Nitrogen EBITDA in the fourth quarter of 2019 was 19 percent lower than the same period last year on the back of lower ammonia sales volumes and a lower nitrogen net realized selling price.

NTR in the fourth quarter of FY 19 has reported the adjusted earnings per share of 9 cents, while reported 8.5 percent fall in the adjusted revenue to $3.44 billion in the fourth quarter of FY 19. For fiscal 2020, Nutrien projects the range to be $1.90 to $2.60 a share in adjusted profit, as compared to the consensus average of $2.58 a share. The adjusted EBITDA is expected to be in the range of$3.8 to $4.3 billion.

Copyright © 2020. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.