Potash Corp./Saskatchewan (POT) Posts Quarterly Earnings, Beats Estimates By $0.05 EPS
Potash Corp./Saskatchewan (NYSE:POT) released its earnings data on Thursday. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.05, Stock Ratings News reports. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was down 20.0% on a year-over-year basis. Potash Corp./Saskatchewan updated its Q2 guidance to $0.40-0.45 EPS and its FY14 guidance to $1.50-1.80 EPS.
Potash Corp./Saskatchewan (NYSE:POT) traded up 0.27% on Thursday, hitting $35.235. The stock had a trading volume of 2,067,011 shares. Potash Corp./Saskatchewan has a one year low of $28.55 and a one year high of $44.13. The stock has a 50-day moving average of $34.6 and a 200-day moving average of $32.94. The company has a market cap of $30.038 billion and a P/E ratio of 17.23. Potash Corp./Saskatchewan also was the recipient of some unusual options trading on Tuesday. Stock traders bought 20,939 put options on the stock. This represents an increase of 528% compared to the average daily volume of 3,334 put options.
A number of research firms have recently commented on POT. Analysts at Miller Tabak upgraded shares of Potash Corp./Saskatchewan from a “sell” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $30.00 price target on the stock, up previously from $28.00. On a related note, analysts at Barclays raised their price target on shares of Potash Corp./Saskatchewan from $30.00 to $31.00 in a research note on Thursday, April 10th. They now have an “equal weight” rating on the stock. Finally, analysts at AltaCorp Capital downgraded shares of Potash Corp./Saskatchewan to an “underperform” rating in a research note on Wednesday, April 2nd. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Potash Corp./Saskatchewan has an average rating of “Hold” and a consensus target price of $33.42.
Potash Corporation of Saskatchewan Inc (NYSE:POT) is an integrated fertilizer and related industrial and feed products company.
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