Revenue Update on Potash Corporation of Saskatchewan (USA)(NYSE:POT)

Potash Corporation of Saskatchewan (USA)(NYSE:POT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $1.05B. Analysts estimated a revenue of $1.21B. Earnings per share were $0.18. Analysts had estimated an EPS of $0.20.

In a different note, On Jul 7, 2016, Citigroup said it Maintains its rating on Potash Corporation of Saskatchewan (USA). In the research note, the firm Lowers the price-target to $18.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 31, 2016, Stifel Nicolaus said it Downgrades its rating on Potash Corporation of Saskatchewan (USA). The shares have been rated ‘Hold’ by the firm.

Potash Corporation of Saskatchewan (USA) (POT) shares turned negative on Thursdays trading session with the shares closing down -0.24 points or -1.52% at a volume of 1,05,49,861. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.84. The peak price level was also seen at $15.84 while the days lowest was $15.32. Finally the shares closed at $15.57. The 52-week high of the shares is $27.77 while the 52-week low is $14.64. According to the latest information available, the market cap of the company is $13,062 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.

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