$2.42 Billion in Sales Expected for Agrium Inc. (AGU) This Quarter

Brokerages predict that Agrium Inc. (NYSE:AGU) (TSE:AGU) will report sales of $2.42 billion for the current quarter, Zacks reports. Three analysts have made estimates for Agrium’s earnings. The highest sales estimate is $2.67 billion and the lowest is $2.27 billion. Agrium reported sales of $2.28 billion during the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The company is scheduled to announce its next earnings results on Thursday, February 8th.

On average, analysts expect that Agrium will report full-year sales of $2.42 billion for the current fiscal year, with estimates ranging from $13.66 billion to $14.09 billion. For the next financial year, analysts forecast that the firm will report sales of $14.32 billion per share, with estimates ranging from $13.95 billion to $14.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Agrium.

Agrium (NYSE:AGU) (TSE:AGU) last posted its earnings results on Tuesday, November 7th. The basic materials company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.22). The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.29 billion. Agrium had a return on equity of 9.62% and a net margin of 2.64%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted ($0.12) EPS.

A number of analysts recently weighed in on the stock. Stephens assumed coverage on shares of Agrium in a report on Monday, December 4th. They set an “overweight” rating and a $131.00 target price on the stock. assumed coverage on shares of Agrium in a report on Wednesday, October 11th. They set a “buy” rating and a $126.50 target price on the stock. TD Securities raised shares of Agrium from a “hold” rating to a “buy” rating and upped their target price for the stock from $102.00 to $134.00 in a report on Thursday, September 28th. Zacks Investment Research lowered shares of Agrium from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $123.00 target price on shares of Agrium in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $114.19.

Large investors have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. increased its holdings in shares of Agrium by 11.4% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 1,715 shares of the basic materials company’s stock worth $155,000 after buying an additional 175 shares during the last quarter. Gilman Hill Asset Management LLC bought a new position in shares of Agrium in the 3rd quarter worth $201,000. Capital Investment Counsel Inc purchased a new stake in shares of Agrium in the 3rd quarter valued at $201,000. River Road Asset Management LLC purchased a new stake in shares of Agrium in the 3rd quarter valued at $206,000. Finally, GW Henssler & Associates Ltd. purchased a new stake in shares of Agrium in the 3rd quarter valued at $214,000. 66.98% of the stock is currently owned by hedge funds and other institutional investors.

Agrium (NYSE AGU) traded down $1.53 during trading on Friday, reaching $110.13. 547,531 shares of the company were exchanged, compared to its average volume of 313,135. The company has a quick ratio of 0.78, a current ratio of 1.29 and a debt-to-equity ratio of 0.70. The company has a market cap of $15,230.00, a price-to-earnings ratio of 25.43, a PEG ratio of 2.68 and a beta of 0.64. Agrium has a twelve month low of $87.82 and a twelve month high of $113.25.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Friday, December 29th will be issued a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Thursday, December 28th. Agrium’s payout ratio is 89.74%.

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About Agrium

Agrium Inc is a retailer of agricultural products and services in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay and a multi-national producer and wholesale marketer of nutrients for agricultural and industrial markets. The Company’s segments include Retail and Wholesale. As of December 31, 2016, its Retail business unit marketed crop nutrients, crop protection products, seed, merchandise, application and other agronomic services through 1,500 retail locations in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay.

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