Wall Street brokerages forecast that Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) will post $932.53 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Potash Corporation of Saskatchewan’s earnings, with the highest sales estimate coming in at $976.96 million and the lowest estimate coming in at $888.10 million. Potash Corporation of Saskatchewan reported sales of $928.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 0.5%. The business is expected to announce its next quarterly earnings results on Thursday, January 25th.

On average, analysts expect that Potash Corporation of Saskatchewan will report full-year sales of $932.53 million for the current financial year, with estimates ranging from $3.86 billion to $4.00 billion. For the next financial year, analysts anticipate that the business will report sales of $3.97 billion per share, with estimates ranging from $3.84 billion to $4.04 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Potash Corporation of Saskatchewan.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its earnings results on Thursday, October 26th. The fertilizer maker reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). Potash Corporation of Saskatchewan had a return on equity of 5.04% and a net margin of 10.21%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm posted $0.10 EPS. Potash Corporation of Saskatchewan’s quarterly revenue was up 8.6% compared to the same quarter last year.

POT has been the topic of a number of research analyst reports. TD Securities raised shares of Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating and lifted their price target for the company from $17.50 to $24.00 in a research note on Thursday, September 28th. Stifel Nicolaus reissued 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. Royal Bank Of Canada reissued 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. HSBC Holdings plc initiated coverage on shares of Potash Corporation of Saskatchewan in a research note on Wednesday, October 11th. They issued a “buy” rating and a $24.25 price target on the stock. Finally, UBS AG lifted their price target on shares of Potash Corporation of Saskatchewan from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.35.

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Potash Corporation of Saskatchewan (NYSE POT) traded down 1.19% during trading on Friday, hitting $19.11. 5,502,532 shares of the stock traded hands. The stock has a market cap of $16.05 billion, a P/E ratio of 33.64 and a beta of 0.48. Potash Corporation of Saskatchewan has a 52-week low of $15.74 and a 52-week high of $20.27. The stock has a 50 day moving average price of $18.99 and a 200-day moving average price of $17.46.

The business 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. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 2.09%. Potash Corporation of Saskatchewan’s dividend payout ratio (DPR) is currently 72.73%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Perigon Wealth Management LLC raised its holdings in Potash Corporation of Saskatchewan by 35.2% in the 2nd quarter. Perigon Wealth Management LLC now owns 25,177 shares of the fertilizer maker’s stock valued at $413,000 after buying an additional 6,553 shares during the period. Kempen Capital Management N.V. raised its holdings in Potash Corporation of Saskatchewan by 4.0% in the 2nd quarter. Kempen Capital Management N.V. now owns 1,443,804 shares of the fertilizer maker’s stock valued at $23,534,000 after buying an additional 54,950 shares during the period. Greenwood Capital Associates LLC raised its holdings in Potash Corporation of Saskatchewan by 74.6% in the 2nd quarter. Greenwood Capital Associates LLC now owns 241,775 shares of the fertilizer maker’s stock valued at $3,941,000 after buying an additional 103,307 shares during the period. Blair William & Co. IL raised its holdings in Potash Corporation of Saskatchewan by 6.4% in the 2nd quarter. Blair William & Co. IL now owns 85,463 shares of the fertilizer maker’s stock valued at $1,393,000 after buying an additional 5,105 shares during the period. Finally, Schroder Investment Management Group raised its holdings in Potash Corporation of Saskatchewan by 2,582.5% in the 2nd quarter. Schroder Investment Management Group now owns 2,905,142 shares of the fertilizer maker’s stock valued at $61,327,000 after buying an additional 2,796,842 shares during the period. Hedge funds and other institutional investors own 56.95% of the company’s stock.

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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