CVR Partners, LP (NYSE:UAN) to Release Earnings on Wednesday
CVR Partners, LP (NYSE:UAN) will release its earnings data before the market opens on Wednesday, July 26th. Analysts expect CVR Partners, to post earnings of $0.01 per share for the quarter.
CVR Partners, (NYSE:UAN) last released its quarterly earnings data on Thursday, April 27th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.07. CVR Partners, had a negative return on equity of 5.85% and a negative net margin of 14.98%. The firm had revenue of $85.30 million for the quarter, compared to analyst estimates of $90.04 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. CVR Partners,’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, analysts expect CVR Partners, to post $-0.23 EPS for the current fiscal year and $-0.02 EPS for the next fiscal year.
Shares of CVR Partners, LP (NYSE UAN) opened at 3.72 on Wednesday. The firm’s market capitalization is $421.41 million. The company’s 50-day moving average is $3.74 and its 200 day moving average is $4.89. CVR Partners, LP has a 52-week low of $3.38 and a 52-week high of $8.20.
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A number of research analysts have recently commented on UAN shares. Zacks Investment Research downgraded shares of CVR Partners, from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. TheStreet downgraded shares of CVR Partners, from a “c-” rating to a “d+” rating in a research report on Thursday, May 25th. ValuEngine raised shares of CVR Partners, from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Cowen and Company reissued a “hold” rating and set a $5.00 target price on shares of CVR Partners, in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $5.50.
CVR Partners, Company Profile
CVR Partners, LP is a limited partnership formed by CVR Energy, Inc (CVR Energy) to own, operate and grow its nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products, which are used by farmers to manage the yield and quality of their crops. As of December 31, 2016, the Company produced its nitrogen fertilizer products at two manufacturing facilities, located in Coffeyville, Kansas and East Dubuque, Illinois.
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