$1.04 Billion in Sales Expected for CF Industries Holdings, Inc. (CF) This Quarter

Wall Street analysts expect CF Industries Holdings, Inc. (NYSE:CF) to report sales of $1.04 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for CF Industries’ earnings. The highest sales estimate is $1.06 billion and the lowest is $1.02 billion. CF Industries posted sales of $867.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 20%. The firm is expected to announce its next earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that CF Industries will report full year sales of $1.04 billion for the current year, with estimates ranging from $3.70 billion to $4.09 billion. For the next financial year, analysts forecast that the business will report sales of $4.13 billion per share, with estimates ranging from $3.94 billion to $4.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover CF Industries.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). The company had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $733.63 million. CF Industries had a negative return on equity of 2.29% and a negative net margin of 10.95%. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS.

A number of research firms have recently commented on CF. BMO Capital Markets boosted their target price on shares of CF Industries from $38.00 to $43.00 and gave the stock a “market perform” rating in a research note on Friday, November 3rd. Piper Jaffray Companies set a $28.00 target price on shares of CF Industries and gave the stock a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research cut shares of CF Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Cowen boosted their price target on shares of CF Industries from $27.00 to $33.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 8th. Finally, Atlantic Securities lowered shares of CF Industries from a “neutral” rating to an “underweight” rating in a research report on Tuesday, November 14th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. CF Industries presently has an average rating of “Hold” and a consensus price target of $35.35.

In other CF Industries news, Director Stephen A. Furbacher sold 3,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $36.00, for a total value of $126,000.00. Following the transaction, the director now directly owns 50,854 shares in the company, valued at approximately $1,830,744. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bert A. Frost sold 7,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $36.50, for a total transaction of $273,750.00. Following the completion of the transaction, the vice president now owns 67,232 shares in the company, valued at $2,453,968. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

A number of large investors have recently bought and sold shares of CF. American Century Companies Inc. acquired a new position in CF Industries in the 2nd quarter valued at about $282,000. Pacer Advisors Inc. lifted its holdings in shares of CF Industries by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,648 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 355 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of CF Industries by 17.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 23,648 shares of the basic materials company’s stock worth $661,000 after acquiring an additional 3,583 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of CF Industries by 16.3% in the 2nd quarter. Franklin Resources Inc. now owns 1,003,431 shares of the basic materials company’s stock worth $28,056,000 after acquiring an additional 140,691 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of CF Industries by 28.2% in the 2nd quarter. Wells Fargo & Company MN now owns 1,473,188 shares of the basic materials company’s stock worth $41,192,000 after acquiring an additional 324,152 shares during the last quarter.

CF Industries (NYSE:CF) traded down $0.20 during mid-day trading on Tuesday, hitting $43.52. 2,260,500 shares of the stock were exchanged, compared to its average volume of 2,418,456. The stock has a market capitalization of $9,500.00, a PE ratio of -23.78, a P/E/G ratio of 27.59 and a beta of 1.21. The company has a quick ratio of 1.51, a current ratio of 1.71 and a debt-to-equity ratio of 0.80. CF Industries has a twelve month low of $25.04 and a twelve month high of $43.98.

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CF Industries Company Profile

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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