Agrium (USA) (AGU) was Downgraded by Credit Agricole to ” Sell”. Earlier the firm had a rating of “Underperform ” on the company shares. Credit Agricole advised their investors in a research report released on Jun 9, 2016.
On the company’s financial health, Agrium (USA) reported $1.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $1.38. The company had revenue of $2407.00 million for the quarter, compared to analysts expectations of $2843.27 million. The company’s revenue was down -11.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.46 EPS.
Agrium (USA) opened for trading at $94.76 and hit $96.53 on the upside on Tuesday, eventually ending the session at $95.63, with a gain of 1.32% or 1.25 points. The heightened volatility saw the trading volume jump to 10,11,051 shares. Company has a market cap of $13,214 M.
Investors should note that on May 3, 2016, Agrium (USA) announced a cash dividend of $0.8750. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 21, 2016.
Agrium Inc. (Agrium) is a Canada-based producer and marketer of nutrients for agricultural and industrial markets. Agrium 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 operates through its two business units: Retail and Wholesale. Agrium Wholesale owns 16 production facilities in North and South America across the nitrogen potash and phosphate spectrum; two mines; and a distribution and storage network throughout North America and internationally through Agrium Europe. Agrium Retail operates approximately 1375 retail locations 57 terminals 8 plants and 18 distribution centers in North and South America as well as Australia.