Potash Corp Sees Q1, FY16 Earnings Below View - Quick Facts

(RTTNews) - While reporting its financial results for the fourth quarter today, Canadian fertilizer giant Potash Corp. of Saskatchewan Inc. (POT, POT.TO) provided earnings outlook for the first quarter and fiscal 2016 below analysts' estimates.

The company expects potash prices through the second half of that year to weigh on margins in 2016. For fiscal 2016, Potash projects global potash shipments in the range of 59 million to 62 million tonnes, in line with 2015's total of approximately 60 million tonnes.

Accordingly, for the first quarter, Potash Corp. forecast earnings per share of $0.10 to 0.20. For fiscal 2016, the company forecast earnings of $0.90 to $1.20 per share.

On average, analysts polled by Thomson Reuters expect the company to earn $0.29 per share for the quarter and $1.34 per share for the full year. Analysts' figures usually exclude special items.

The company's board of directors has declared a quarterly dividend of $0.25 per share payable May 3, 2016 to shareholders of record April 12, 2016.