CF Industries Holdings (CF) Announces Quarterly Earnings, Beats Expectations By $0.10 EPS
CF Industries Holdings (NYSE:CF) posted its quarterly earnings results on Tuesday. The company reported $4.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.97 by $0.10, Stock Ratings Network.com reports. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $6.35 earnings per share. The company’s quarterly revenue was down 19.3% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of CF Industries Holdings from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, October 24th. They now have a $210.00 price target on the stock. On a related note, analysts at Piper Jaffray Cos. raised their price target on shares of CF Industries Holdings from $204.00 to $221.00 in a research note to investors on Wednesday, October 9th. They now have a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of CF Industries Holdings from $195.00 to $202.00 in a research note to investors on Friday, September 27th. They now have a “market perform” rating on the stock. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $221.63.
CF Industries Holdings (NYSE:CF) opened at 217.63 on Tuesday. CF Industries Holdings has a 52-week low of $169.33 and a 52-week high of $233.43. The stock’s 50-day moving average is $210.7 and its 200-day moving average is $193.6. The company has a market cap of $12.466 billion and a P/E ratio of 7.53.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Wednesday, November 13th. This is a positive change from CF Industries Holdings’s previous quarterly dividend of $0.40.
CF Industries Holdings, Inc is a manufacturer and distributor of nitrogen and phosphate fertilizer products worldwide.
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