$0.04 Earnings Per Share Expected for CF Industries Holdings, Inc. (CF) This Quarter
Equities analysts predict that CF Industries Holdings, Inc. (NYSE:CF) will report $0.04 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for CF Industries Holdings’ earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at $0.12. CF Industries Holdings posted earnings of $0.33 per share during the same quarter last year, which suggests a negative year over year growth rate of 87.9%. The firm is scheduled to report its next earnings report on Wednesday, August 2nd.
On average, analysts expect that CF Industries Holdings will report full year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.43) to ($0.05). For the next financial year, analysts forecast that the company will post earnings of $0.52 per share, with EPS estimates ranging from $0.00 to $1.00. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover CF Industries Holdings.
CF Industries Holdings (NYSE:CF) last issued its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.04. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $988.56 million. CF Industries Holdings had a positive return on equity of 0.41% and a negative net margin of 8.77%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS.
CF has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their target price on CF Industries Holdings from $23.00 to $27.00 and gave the company an “underperform” rating in a report on Friday, February 17th. Credit Suisse Group set a $39.00 price objective on CF Industries Holdings and gave the stock a “buy” rating in a report on Thursday, February 16th. Goldman Sachs Group, Inc. (The) raised CF Industries Holdings from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Monday, March 20th. Vetr raised CF Industries Holdings from a “sell” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a report on Monday, March 20th. Finally, BMO Capital Markets reissued a “buy” rating and set a $38.00 price objective on shares of CF Industries Holdings in a report on Wednesday, April 5th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $31.92.
Several large investors have recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its stake in CF Industries Holdings by 0.7% in the first quarter. CENTRAL TRUST Co now owns 3,667 shares of the basic materials company’s stock worth $107,000 after buying an additional 24 shares during the last quarter. ARGI Investment Services LLC boosted its stake in shares of CF Industries Holdings by 0.3% in the first quarter. ARGI Investment Services LLC now owns 31,321 shares of the basic materials company’s stock worth $919,000 after buying an additional 100 shares during the period. Pacer Advisors Inc. boosted its stake in shares of CF Industries Holdings by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,293 shares of the basic materials company’s stock worth $126,000 after buying an additional 137 shares during the period. Advantus Capital Management Inc boosted its stake in shares of CF Industries Holdings by 1.0% in the first quarter. Advantus Capital Management Inc now owns 23,368 shares of the basic materials company’s stock worth $686,000 after buying an additional 222 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of CF Industries Holdings by 4.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,050 shares of the basic materials company’s stock worth $166,000 after buying an additional 275 shares during the period. Institutional investors own 99.74% of the company’s stock.
Shares of CF Industries Holdings (NYSE:CF) traded down 3.90% during midday trading on Wednesday, reaching $27.37. The company had a trading volume of 3,375,973 shares. The company has a 50 day moving average price of $27.36 and a 200-day moving average price of $30.20. CF Industries Holdings has a one year low of $20.77 and a one year high of $37.17. The firm’s market capitalization is $6.38 billion.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.38%. CF Industries Holdings’s payout ratio is currently -85.71%.
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About CF Industries Holdings
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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