CF Industries Holdings, Inc. (CF) Expected to Announce Earnings of -$0.21 Per Share
Wall Street analysts forecast that CF Industries Holdings, Inc. (NYSE:CF) will report earnings per share (EPS) of ($0.21) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for CF Industries Holdings’ earnings, with the lowest EPS estimate coming in at ($0.32) and the highest estimate coming in at ($0.12). CF Industries Holdings reported earnings per share of ($0.39) in the same quarter last year, which suggests a positive year over year growth rate of 46.2%. The business is expected to issue its next earnings results on Wednesday, February 21st.
On average, analysts expect that CF Industries Holdings will report full year earnings of ($0.62) per share for the current fiscal year, with EPS estimates ranging from ($0.78) to ($0.48). For the next financial year, analysts anticipate that the business will post earnings of ($0.07) per share, with EPS estimates ranging from ($0.62) to $0.50. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow CF Industries Holdings.
CF Industries Holdings (NYSE:CF) last released its quarterly earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.04). CF Industries Holdings had a negative net margin of 10.95% and a negative return on equity of 2.29%. The business had revenue of $870.00 million during the quarter, compared to analysts’ expectations of $733.63 million. During the same period in the previous year, the business earned $0.13 EPS. The business’s revenue was up 27.9% on a year-over-year basis.
Several research firms have weighed in on CF. BMO Capital Markets raised their price target on CF Industries Holdings from $38.00 to $43.00 and gave the company a “market perform” rating in a report on Friday. Royal Bank Of Canada raised their price target on CF Industries Holdings from $27.00 to $32.00 and gave the company an “underperform” rating in a report on Friday. Zacks Investment Research raised CF Industries Holdings from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Wednesday, October 25th. HSBC Holdings plc began coverage on CF Industries Holdings in a report on Wednesday, October 11th. They issued a “hold” rating and a $36.30 price target on the stock. Finally, Piper Jaffray Companies set a $28.00 price target on CF Industries Holdings and gave the company a “hold” rating in a report on Friday, October 6th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $34.52.
Shares of CF Industries Holdings (NYSE:CF) opened at $38.60 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.71 and a quick ratio of 1.63.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.11%. CF Industries Holdings’s payout ratio is -65.57%.
In related news, VP Bert A. Frost sold 6,400 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $31.53, for a total transaction of $201,792.00. Following the transaction, the vice president now directly owns 59,732 shares in the company, valued at approximately $1,883,349.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of CF. Thrivent Financial For Lutherans grew its position in CF Industries Holdings by 4.4% during the 1st quarter. Thrivent Financial For Lutherans now owns 8,570 shares of the basic materials company’s stock worth $252,000 after acquiring an additional 360 shares during the last quarter. Amalgamated Bank grew its position in shares of CF Industries Holdings by 6.1% in the 1st quarter. Amalgamated Bank now owns 16,376 shares of the basic materials company’s stock worth $481,000 after buying an additional 941 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of CF Industries Holdings in the 1st quarter worth approximately $855,000. Janus Capital Management LLC grew its position in shares of CF Industries Holdings by 291.5% in the 1st quarter. Janus Capital Management LLC now owns 137,267 shares of the basic materials company’s stock worth $4,028,000 after buying an additional 102,202 shares during the last quarter. Finally, Bank of Nova Scotia bought a new stake in shares of CF Industries Holdings in the 1st quarter worth approximately $1,409,000.
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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