Equities research analysts expect that Potash Co. of Saskatchewan (NYSE:POT) (TSE:POT) will report sales of $901.37 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Potash Co. of Saskatchewan’s earnings, with the lowest sales estimate coming in at $901.23 million and the highest estimate coming in at $901.50 million. Potash Co. of Saskatchewan reported sales of $928.00 million in the same quarter last year, which would suggest a negative year over year growth rate of 2.9%. The company is expected to report its next quarterly earnings report on Thursday, January 25th.

On average, analysts expect that Potash Co. 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 expect that the business will post sales of $3.94 billion per share, with estimates ranging from $3.86 billion to $4.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Potash Co. of Saskatchewan.

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

A number of analysts have recently weighed in on POT shares. Zacks Investment Research lowered shares of Potash Co. of Saskatchewan from a “hold” rating to a “strong sell” rating in a research note on Monday, October 23rd. TD Securities upgraded shares of Potash Co. of Saskatchewan from a “hold” rating to a “buy” rating and raised their price target for the company from $17.50 to $24.00 in a research report on Thursday, September 28th. UBS raised their price target on shares of Potash Co. of Saskatchewan from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Cowen restated a “hold” rating on shares of Potash Co. of Saskatchewan in a research report on Friday, September 1st. Finally, began coverage on shares of Potash Co. of Saskatchewan in a research report on Wednesday, October 11th. They set a “buy” rating and a $24.25 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Potash Co. of Saskatchewan currently has a consensus rating of “Buy” and an average price target of $20.25.

A number of hedge funds have recently modified their holdings of POT. San Francisco Sentry Investment Group CA acquired a new stake in shares of Potash Co. of Saskatchewan during the second quarter valued at about $104,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Potash Co. of Saskatchewan by 5,642.7% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 7,523 shares of the fertilizer maker’s stock valued at $143,000 after acquiring an additional 7,392 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Potash Co. of Saskatchewan during the third quarter valued at about $150,000. Bessemer Group Inc. increased its position in shares of Potash Co. of Saskatchewan by 126.8% during the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock valued at $162,000 after acquiring an additional 5,530 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Potash Co. of Saskatchewan during the second quarter valued at about $174,000. 59.83% of the stock is currently owned by institutional investors.

Shares of Potash Co. of Saskatchewan (NYSE:POT) opened at $19.01 on Tuesday. Potash Co. 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 company has a market cap of $15,980.00, a P/E ratio of 39.30, a P/E/G ratio of 4.80 and a beta of 0.46.

WARNING: “$901.37 Million in Sales Expected for Potash Co. of Saskatchewan (POT) This Quarter” was published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/05/901-37-million-in-sales-expected-for-potash-co-of-saskatchewan-pot-this-quarter.html.

Potash Co. 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.

Get a free copy of the Zacks research report on Potash Co. of Saskatchewan (POT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Potash Co. of Saskatchewan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potash Co. of Saskatchewan and related companies with MarketBeat.com's FREE daily email newsletter.