New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 2, 2014
10:53 EDTPOT, MOS, AGUAgrium slips after warning on late planting season impact on earnings
Shares of agricultural nutrients producer Agrium (AGU) are slipping after the company warned that it expects first quarter earnings per share just above breakeven. WHAT'S NEW. Agrium announced that the late spring season this year is expected to result in first quarter earnings per share just above breakeven, while analysts' consensus estimate prior to the announcement stood at 53c per share. The company said the slow start to the spring season is expected to impact the timing of its wholesale, and to a lesser extent its retail, earnings. First quarter wholesale results were also impacted by reduced rail availability and the usual lag in realized wholesale nutrient prices, Agrium added. Additionally, the Carseland nitrogen facility experienced a failure in March, which has resulted in an unplanned shutdown to make repairs that are expected to be complete in the second half of May. The shutdown is anticipated to lower product availability of urea by approximately 100,000 tonnes and ammonia by approximately 20,000 tonnes in the second quarter, Agrium noted. WHAT'S NOTABLE: On February 20, Agrium said that it expected FY14 North American spring crop area to be near FY13. It said that it projected crop nutrient shipments to be strong in the first half of FY14, in part due to a shorter fall application season in FY13 due to weather. Agrium projected North American nitrogen demand to decline about 2%-4% in FY13/FY14 due primarily to reduced corn acreage, while global nitrogen demand is projected to increase by 1.5%-2% in FY14 from FY13 levels. OTHERS TO WATCH: Agrium's peers in the fertilizer industry include Mosaic (MOS) and Potash (POT). PRICE ACTION: During morning trading, shares of Agrium fell 1.76% to $95.80, Potash dropped 1.6%, and Mosaic slipped 0.7%.
News For AGU;MOS;POT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 21, 2015
07:14 EDTPOT, MOSBMO Capital to hold a conference
Subscribe for More Information
May 19, 2015
09:58 EDTPOTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ascena Retail (ASNA) upgraded to Outperform from Market Perform at FBR Capital... Enphase Energy (ENPH) upgraded to Strong Buy from Buy at Needham... Fifth Third (FITB) upgraded on Vantiv outlook at Oppenheimer... Hortonworks (HDP) upgraded to Overweight from Equal Weight at Barclays... MasterCard (MA) upgraded to Overweight from Sector Weight at Pacific Crest... NetEase.com (NTES) upgraded to Buy from Neutral at Citigroup... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Cowen... Potash (POT) upgraded to Market Perform from Underperform at Cowen... Reed Elsevier (RUK) upgraded to Buy from Neutral at Goldman... Royal Caribbean (RCL) upgraded to Overweight from Neutral at JPMorgan... Sysco (SYY) upgraded at Credit Suisse... THL Credit (TCRD) upgraded to Buy from Hold at Deutsche Bank... Take-Two (TTWO) upgraded to Buy from Neutral at Sterne Agee CRT... Tempur Sealy (TPX) upgraded on Sealy gross margin improvement at Longbow... TriState Capital (TSC) upgraded to Outperform from Market Perform at Keefe Bruyette... Xilinx (XLNX) upgraded to Overweight from Sector Weight at Pacific Crest.
07:42 EDTPOTPotash upgraded to Market Perform from Underperform at Cowen
Subscribe for More Information
07:15 EDTAGUGoldman Sachs to hold a conference
Subscribe for More Information
07:13 EDTMOSBarclays to hold a conference
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use