CF Industries (CF) Announces Quarterly Earnings Results

CF Industries (NYSE:CF) announced its quarterly earnings data on Wednesday. The basic materials company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.06, Bloomberg Earnings reports. CF Industries had a negative net margin of 10.95% and a negative return on equity of 2.29%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $988.91 million. During the same period in the previous year, the business posted ($0.39) EPS. The business’s quarterly revenue was up 26.8% compared to the same quarter last year.

CF Industries (NYSE CF) opened at $39.66 on Thursday. 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 12 month low of $25.04 and a 12 month high of $43.98. The stock has a market cap of $9,250.00, a price-to-earnings ratio of -21.67, a P/E/G ratio of 18.69 and a beta of 1.09.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, February 15th. CF Industries’s dividend payout ratio is currently -65.57%.

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

Several analysts have commented on CF shares. Zacks Investment Research upgraded shares of CF Industries from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Wednesday, October 25th. Royal Bank of Canada lifted their price objective on shares of CF Industries from $27.00 to $32.00 and gave the company an “underperform” rating in a research note on Friday, November 3rd. BMO Capital Markets lifted their price objective on shares of CF Industries from $38.00 to $43.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Cowen lifted their price objective on shares of CF Industries from $27.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. Finally, Atlantic Securities cut shares of CF Industries from a “neutral” rating to an “underweight” rating in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.74.

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About CF Industries

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).

Earnings History for CF Industries (NYSE:CF)

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