-$0.14 EPS Expected for CVR Partners LP (UAN) This Quarter

Equities analysts expect CVR Partners LP (NYSE:UAN) to announce earnings of ($0.14) per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for CVR Partners’ earnings. CVR Partners reported earnings of ($0.13) per share in the same quarter last year, which suggests a negative year over year growth rate of 7.7%. The company is expected to issue its next earnings report on Thursday, February 15th.

On average, analysts expect that CVR Partners will report full year earnings of ($0.55) per share for the current fiscal year. For the next fiscal year, analysts anticipate that the company will report earnings of ($0.35) per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover CVR Partners.

CVR Partners (NYSE:UAN) last released its quarterly earnings data on Wednesday, November 1st. The basic materials company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.18). The business had revenue of $69.40 million during the quarter, compared to the consensus estimate of $82.51 million. CVR Partners had a negative net margin of 17.75% and a negative return on equity of 9.91%. The business’s revenue was down 11.6% compared to the same quarter last year. During the same period last year, the company posted ($0.12) earnings per share.

Several equities analysts recently issued reports on UAN shares. Cowen reaffirmed a “hold” rating on shares of CVR Partners in a research report on Tuesday, September 26th. Zacks Investment Research raised CVR Partners from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.50.

CVR Partners (UAN) traded down $0.01 during mid-day trading on Friday, reaching $3.81. The company had a trading volume of 274,550 shares, compared to its average volume of 850,307. The company has a market cap of $431.61, a PE ratio of -7.19 and a beta of 1.46. CVR Partners has a fifty-two week low of $2.58 and a fifty-two week high of $6.95. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.22.

In other news, major shareholder Gso Capital Partners Lp sold 1,900,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $3.00, for a total transaction of $5,700,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blackstone Group L.P. lifted its holdings in shares of CVR Partners by 0.9% during the 3rd quarter. Blackstone Group L.P. now owns 5,924,085 shares of the basic materials company’s stock valued at $19,135,000 after buying an additional 50,000 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of CVR Partners by 698.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,270,562 shares of the basic materials company’s stock valued at $11,414,000 after buying an additional 2,860,954 shares during the period. HITE Hedge Asset Management LLC increased its stake in shares of CVR Partners by 10.9% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 519,235 shares of the basic materials company’s stock worth $1,677,000 after purchasing an additional 50,912 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of CVR Partners by 2,522.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 212,197 shares of the basic materials company’s stock worth $703,000 after purchasing an additional 204,104 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of CVR Partners by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 166,822 shares of the basic materials company’s stock worth $582,000 after purchasing an additional 2,821 shares in the last quarter. 22.21% of the stock is currently owned by hedge funds and other institutional investors.

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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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