Zacks: Analysts Anticipate CVR Partners LP (UAN) to Post -$0.14 Earnings Per Share

Analysts predict that CVR Partners LP (NYSE:UAN) will report ($0.14) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. 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 indicates a negative year over year growth rate of 7.7%. The company is scheduled to announce its next quarterly 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 expect that the company will post earnings of ($0.35) per share. Zacks’ EPS calculations are an average based on a survey of research analysts that cover CVR Partners.

Separately, Zacks Investment Research downgraded CVR Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 6th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.50.

CVR Partners (UAN) opened at $3.04 on Thursday. CVR Partners has a 12 month low of $2.58 and a 12 month high of $6.21. The company has a quick ratio of 1.22, a current ratio of 2.02 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $344.38, a PE ratio of -5.74 and a beta of 1.39.

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

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its holdings in shares of CVR Partners by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 166,822 shares of the basic materials company’s stock valued at $582,000 after buying an additional 2,821 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of CVR Partners by 13.5% during the 2nd quarter. Wells Fargo & Company MN now owns 97,099 shares of the basic materials company’s stock valued at $339,000 after buying an additional 11,581 shares in the last quarter. Virtu KCG Holdings LLC raised its holdings in shares of CVR Partners by 47.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 47,458 shares of the basic materials company’s stock valued at $166,000 after buying an additional 15,174 shares in the last quarter. Blackstone Group L.P. raised 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 in the last quarter. Finally, HITE Hedge Asset Management LLC raised its holdings in shares of CVR Partners by 10.9% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 519,235 shares of the basic materials company’s stock valued at $1,677,000 after buying an additional 50,912 shares in the last quarter. 22.19% of the stock is currently owned by hedge funds and other institutional investors.

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About CVR Partners

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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