Potash Corporation of Saskatchewan (USA) (POT) Releases Earnings Results, Reports EPS of $0.15 EPS

Potash Corporation of Saskatchewan (USA) (POT) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.15 EPS for the quarter. Analysts had a consensus estimate of $0.15. The company posted revenue of $1209.00 million in the period, compared to analysts expectations of $1096.25 million. The company’s revenue was down -27.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on Potash Corporation of Saskatchewan (USA). Shares were Downgraded by Barclays on Apr 19, 2016 to ” Underweight” and Lowered the Price Target to $ 14 from a previous price target of $16 .Potash Corporation of Saskatchewan (USA) was Downgraded by HSBC Securities to ” Hold” on Apr 11, 2016. Potash Corporation of Saskatchewan (USA) was Downgraded by CIBC to ” Sector Perform” on Apr 4, 2016.

Potash Corporation of Saskatchewan (USA) opened for trading at $17.96 and hit $18.35 on the upside on Wednesday, eventually ending the session at $18.23, with a gain of 1.90% or 0.34 points. The heightened volatility saw the trading volume jump to 1,17,25,932 shares. Company has a market cap of $15,261 M.

Potash Corporation of Saskatchewan Inc is a fertilizer company. The Company operates in three business segments: potash nitrogen and phosphate. The Company owns and operates five potash operations in Saskatchewan and one in New Brunswick. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products including ammonia urea nitrogen solutions ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia Louisiana Ohio and Trinidad. The Company’s phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers phosphate feed and industrial acid which is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. The Company also has four phosphate feed plants in the United States and produce phosphoric acid at its Geismar Louisiana facility.

Potash Corporation of Saskatchewan (USA)

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